moroccan banks

President Nayib Bukele Explains El Salvador’s Decision to Withdraw Recognition of RASD

Salvadoran President Nayib Bukele explained Saturday in San Salvador his decision to immediately cut off all diplomatic relations with the Polisario and its self-proclaimed Republic, that he labeled “a virtual entity”.   This decision puts El Salvador “on the side of the rest of the world, which respects the sovereignty of Morocco,” said the head […]

Sound Energy Confirms Gas Potential in Eastern Morocco

Sound Energy confirmed gas discoveries while drilling its third TE-8 gas well in the Tendrara license area in eastern Morocco. The news comes after the company announced recent success at the company’s first two Tendrara wells (TE-6 and TE-7). The UK-based company said that gas has been discovered at a depth of 2,643 in the […]

Morocco: Labor Shortages Drive Textile Exports to a 9.1% Decline

Morocco’s textile and leather exports fell 9.1% by end-May 2026, according to data from the Office des Changes, with ready-made garments down 8.2% and knitwear declining 11.8%. The sector has failed to recover since a first quarter was already marked by falling exports, but analysts say that weather and logistics disruptions no longer account for […]