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Central Bank cuts interest rate to boost economic activity amid drought, coronavirus fears

The Central Bank cut its benchmark interest rate to 2% to boost economic activity, which, like elsewhere in the world, is expected to reel under the impact of the coronavirus outbreak. Drought has complicated the outlook for Morocco, which expected a contraction of agricultural output plunging growth to 2.3%, according to the central bank. The […]

Saudi Salim bin Mohammed Al-Malik appointed as new ISESCO Director General

Saudi Salim bin Mohammed Al-Malik was appointed Thursday as the new Director General of the Rabat-based Islamic Educational, Scientific and Cultural Organization (ISESCO). The nomination of the new ISESCO chief by Saudi Arabia was approved by the Third Extraordinary Session of ISESCO General Conference, held Thursday in King Abdullah Economic City in the Area of […]

Flagged by Morocco’s BCIJ, Notorious Narcotrafficker Arrested in Peru

Morocco’s FBI, the Central Bureau for Judicial Investigations (BCIJ), issued an international arrest warrant that led to the arrest of drug lord Victor Manuel Lemina Cores in Lima. Lemina Cores, a Spanish national, notorious for running one of the mightiest drug trafficking networks, was arrested by Interpol on September 11 in the Peruvian capital Lima. […]