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Moroccan employers happy with interest rate cuts

Head of Moroccan employers association (CGEM) Chakib Alj said the key interest rate and reserve requirement cut to 1.5% and 0% respectively are conducive for an economic recovery from the repercussions of the coronavirus. These cuts give banks more flexibility in financing enterprises during this crisis notably SMEs, he told local media. The government has […]

Morocco’s OCP Group Inks Cooperation Agreement with Fraunhofer Institute on Sustainable Fertilizer

Moroccan OCP Group, the world’s largest exporter of phosphates, has signed a cooperation agreement with German Fraunhofer Institute for Microstructure of Materials and Systems in Halle (Saale), to develop solutions for a sustainable fertilizer. The two sides pledge to work together to boost the use of renewable raw materials in the fertilizer industry. They will […]

Israel: All self-defense options are possible against Iran, Minister Steinitz

Intelligence Affairs and Strategic Affairs Minister Yuval Steinitz told reporters that “we never limited Israel’s right of self-defense because of some diplomatic constraints” as he believes the possible outcome of the negotiations over the Iranian nuclear program is unfavorable to Israel. The minister declined to give any further details but stressed that “all options are […]