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Moroccan competition council fines Viatris $0.7 mln

Moroccan competition regulator fined Viatris $0.7 mln for failing to notify it of a merger, sources told Reuters. Viatris was created out of a merger between Upline and Maylan, which has business in Morocco. The fine amounts to 2.5% of Vitaris local Morocco operations and was already paid to the treasury. The council was also […]

Bank Al-Maghrib Expected to Hold Key Rate Steady Amid Middle East Uncertainty

Morocco’s central bank is widely expected to maintain its benchmark interest rate at 2.25% when its policy council convenes on March 17, in what would mark the fourth consecutive pause in the current monetary cycle. Despite domestic macroeconomic conditions that would ordinarily justify further easing, geopolitical turbulence stemming from the Middle East conflict has prompted […]

Biden’s Administration to build on Morocco-Israel deal

National Security Advisor Jake Sullivan affirmed that Washington will build on the success of Israel’s normalization deals including the one signed with Morocco. The news was relayed by the White House following a phone talk between Sullivan and Israel’s National Security Advisor Meir Ben Shabbat. “They (Jake Sullivan & Meir Ben Shabbat) discussed opportunities to […]