Mohammed V airport

Moroccan Migration Policy Praised by EU and UN

The United Nations has been informed that Morocco would brush up its migration policy so that about 40,000 currently illegal migrants are to be given an official migrant status. Since its implementation ten years ago, Morocco’s migration policy has been hailed as an example of a successful government policy. The European Union as well as […]

Tax Haven: EU removes Tunisia from blacklist of non-cooperative jurisdictions

The European Union Tuesday took away Tunisia from its backlist of non-cooperative jurisdictions also branded “tax haven countries” after the North Africa country implemented demanded reforms that have improved tax policies. But it was not clear if Tunisia was put on the Grey list like Morocco. The grey list comprises countries that are given time […]

Fitch Ratings highlights resilience of Moroccan banks

Credit fundamentals of major Moroccan banks are recovering slowly from the negative impacts generated by the covid-19 pandemic, says Fitch Ratings. The global health crisis caused a 6.3 pc Moroccan GDP contraction in 2020, the worst contraction in 25 years. “The banks’ asset quality and profitability weakened noticeably in 2020. Nonetheless, their credit profiles were […]