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Business Finance Headlines Morocco

Fitch: Deposits in Morocco Islamic Banks to Grow up to 10 %

North Africa Post

Islamic banking products in Morocco could expand their deposit bases by 5 to 10 pc, says Fitch Ratings, noting that the ability to grow the deposit base is positive for Morocco’s economic development because deposits represent about 70% of banking sector funding. “We expect growth of participation banks in Morocco will be high initially, as […]
Energy Europe Headlines International Maghreb Morocco

UK’s Chariot Oil & Gas expresses optimism at Morocco operations

North Africa Post

UK-listed Chariot Oil and Gas upgraded its gas expectations off Larache coast saying that the new discovery bodes well for Morocco’s “growing gas sector”. Chariot was awarded the Lixus offshore license, which contains the Anchois discovery, in April. Chariot has a 75% interest and operatorship of the Lixus license. Its partner is Morocco’s state-owned Office […]
Africa Columns Community Headlines International Maghreb Morocco

Ghana starts countdown for Polisario’s membership within African Union

North Africa Post

Ghana has cut ties with the Polisario’s self-proclaimed SADR entity, showing that the days of the Algerian proxy separatist entity are numbered within the African Union. Ghana has informed the Moroccan foreign ministry that it no longer recognizes the Algeria-based SADR entity, ending about five decades of ties. The decision marks a breakthrough for Morocco […]