bank al maghrib

Morocco Gets $ 250 Million Financial Contribution from Kuwait

The latest historic visit made by King Mohammed VI to the Gulf region has yielded positive results at the strategic and security levels, and also at the financial scale. The royal tour has prompted Kuwait to speed up its due financial contribution to Morocco within the frame of the GCC pledges made to the North […]

Algerian army scapegoats two former PMs ahead of unpopular elections

Two Prime Ministers who both served under President Abdelaziz Bouteflika were sentenced to lengthy prison terms on corruption related charges in a move that aims to appease the anger of Algerian protesters ahead of unpopular elections next Thursday. Ahmed Ouyahia and Abdelmalek Sellal, close allies of Bouteflika, received 15 years in prison and $16,000 in […]

Spain Tells EU to Support Morocco’s Efforts to Curb Illegal Migration

Spanish interior minister Juan Ignacio Zoido urged the EU to support Morocco’s “considerable” efforts to fight illegal immigration. “The EU should lend more support to African partners, such as Morocco, in their colossal efforts” in countering illegal immigration, said the Spanish official at a meeting of the EU’s justice and domestic affairs council. Zoido, whose […]