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Morocco’s Central Bank keeps rates unchanged amid persisting inflation

Morocco’s Central Bank has decided to keep its key interest rates unchanged at 3 pc due to persistent inflation fueled by soaring food prices and the war in Ukraine which continues to affect global economy. The decision was made Tuesday by the Board of Bank Al Maghrib during its second quarterly meeting held to discuss […]

Morocco: King Mohamed VI Donates €30,000 to Build Mosque in Amsterdam

King Mohamed VI has donated €30,000 to an association in Amsterdam to build a mosque. The association based in the Dutch capital Amsterdam posted on its website a statement in Arabic and Dutch expressing thanks to the King for his generosity and for all his humanitarian actions. According to press reports, the association has been […]

Fathi Bashagha’s administration approves $20-bn draft budget

The cabinet of Fathi Bashagha; one of Libya’s current two Prime Ministers, has approved a draft budget of nearly 95 billion Libyan dinars ($20 billion) for 2022. “The draft budget for the fiscal year 2022 was presented, discussed, and delivered during a meeting chaired by Prime Minister Fathi Bashagha on Thursday,” Minister of planning and […]