The Russian mercenary group Wagner has officially announced its departure from Mali after over three years of operations against Islamist insurgents. But Moscow’s military footprint in the West African country remains intact through the Kremlin-controlled Africa Corps, signaling a strategic shift rather than a retreat. Wagner declared its mission “accomplished,” citing the restoration of government […]
A maritime line connecting Morocco and Saudi Arabia will be launched in the coming weeks to give a new impetus to economic and trade cooperation between the two countries, announced Khalid Benjelloun, chairman of the Moroccan-Saudi Business Council. The Federation of Saudi Chambers has signed an agreement with a shipping company to establish a direct […]
Pressure exerted on Morocco’s current account deficit (CAD) and external finances have increased significantly due to the COVID-19 pandemic global shock, Fitch Ratings says. However, the North African country has buffers to manage increased pressures, including recently displayed willingness to adjust the flexibility of the exchange rate regime, adds the international rating agency. Disruptions to […]
