CGEM-ISRAEL

Morocco garners international support after its Guerguarat move- Crisis Group

Following Morocco’s move to secure once and for all the Guerguarat border crossing with Mauritania, most international reactions have been to Rabat’s favor, wrote Crisis Group, an international conflict prevention NGO. “Despite Polisario’s mobilization, most international reaction to the events in Western Sahara has either reflected support for a swift return to the ceasefire and/or […]

Currency Reform, Morocco’s Path to Become North Africa’s Financial Hub

Currency liberalization is the centerpiece of Morocco’s efforts to transform itself into North Africa’s main financial hub. The gradual Dirham float, which was announced early in January, will help Morocco attract more investments, IMF officials say. Morocco’s Central Bank launched a cautious and smooth liberalization of the Dirham starting with an anchor of 2.5% instead […]

Libya: US calls for immediate end to oil shutdown as it harms Libyans & global economy

The United States expressed its “deep concern” over the continued oil closures in Libya, calling on “responsible leaders” to “recognize that the shutdown harms Libyans throughout the country and has repercussions across the global economy, and should end it immediately.” In statement released on Wednesday, the US Embassy in Libya said that the closures are […]