Morocco – Spain flags

Spanish FM describes Spain’s position on Sahara as “very clear” & “sovereign”

Spanish Foreign Minister José Manuel Albares reaffirmed on Saturday that the position of his country supporting the Moroccan autonomy plan for the Sahara is “very clear” and “sovereign”. Spain considers the Moroccan autonomy initiative as “the most serious, realistic and credible basis for the resolution of the Sahara dispute.” “The position of the Spanish government […]

Saudi central bank grants license to two new fintech firms

The Saudi Central Bank (SAMA) Tuesday issued operation permits to “Lean Technologies” and “Mod5r”, two companies which will provide Open Banking Solutions. The permits are in line with the Council of Ministers’ decision in the second quarter of 2022, which provides for the adoption of the Fintech Strategy containing the supreme directive order for the […]

Morocco moves further up in doing business index

Morocco improved its ranking jumping 7 spots in the World Bank’s 2020 Doing Business report to take the 53rd place amid 190 countries. According to the report, Morocco is the country offering the best business climate in North Africa ahead of Tunisia (78th), Egypt, Mauritania and Libya. Morocco’s closest neighbor, oil-rich Algeria, continued to lag […]