Morocco’s trade deficit shrank 6.5% as the country’s energy imports dropped 20%, Morocco’s foreign exchange office said. Energy imports stood at 69 billion dirhams, offsetting a drop in phosphates and fertilizers exports by 40% to 40.8 billion dirhams, due to lower prices. State-owned phosphates and fertilizers producer said a few days ago its sales were […]
The Director General of the Rabat-based Islamic Educational, Scientific and Cultural Organization (ISESCO), Abdulaziz Othman Altwaijri, commended the initiative of King Mohammed VI of Morocco to contribute to the restoration and rehabilitation of a number of facilities in Al-Aqsa Mosque and its vicinity that are in dire need of restoration, preservation and upkeep. The generous […]
Moroccan banks have shown resilience to the impact of the Covid-19 crisis maintaining enough provisions to face the surge of the cost of risk due to a rise in impaired loans, analysts and the central bank say. The IMF has urged the Central Bank to keep ensuring that the Banks had enough provisions to deal […]
