Islamic banking products in Morocco could expand their deposit bases by 5 to 10 pc, says Fitch Ratings, noting that the ability to grow the deposit base is positive for Morocco’s economic development because deposits represent about 70% of banking sector funding. “We expect growth of participation banks in Morocco will be high initially, as […]
Italian multinational oil and gas company Eni has sealed a Farm-Out Agreement with Chariot Oil & Gas, which enabled Eni to get operatorship and a 40 pc stake in the Rabat Deep Offshore exploration permits I-VI, Morocco’s offshore. The deal, which still needs approval of the Moroccan authorities, allows Eni to operate in an area […]
Morocco, under the leadership of King Mohammed VI, Chairman of the Al-Quds Committee, which places the Palestinian cause and Al-Quds Al-Sharif at the forefront of its concerns, reaffirmed its unwavering support of the Palestinian question and defense of the Palestinian people, condemned the continuing war in Gaza, and reiterated its commitment to a peaceful settlement […]
