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Morocco Spent $244 million on US Arms in 2016

Morocco remains the first market for US armament industry in North Africa, with sales amounting to $244 million in 2016. Moroccan media reports said that US weapons represent 96% of Moroccan weapon acquisitions in 2016 compared to 100% ($274 million) in 2015. Morocco, which earmarks 3% of its GDP to military expenditures, has an army […]

Morocco, Turkey in Talks for Win-win Trade Deal- Minister

Turkey has accepted to work together with Morocco towards a win-win free trade agreement after Morocco complained about job losses in the textile and retail sectors, trade and industry minister Moulay Hafid Elalamy said. Turkey agreed after a “heated debate” to review the trade agreement, which costs Morocco 1.2 billion dollars in trade deficit, he […]

BRICS-issued new currency may pave way for de-dollarization

As the 15th edition of the BRICS summit approaches, two topics are high on the grouping’s agenda: its expansion, with the arrival of several African countries in particular; and the development of a new currency to be used for cross-border trade by the BRICS nations, which may be seen a push for de-dollarization. De-dollarization’s moment […]