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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 […]

Drug smuggling operation foiled, nearly 4 tons of Chira seized at Tanger-Med

Police at the Tanger-Med port, in coordination with customs services, foiled an international drug trafficking operation on Thursday evening, seizing 3 tons and 932 kg of chira. The joint border control operation targeted an international transport truck registered in Morocco, and led to the seizure of drug shipments concealed in specially built compartments inside prototype […]

Spain: People on the dole to near 6 million in 2013

The number of people on the dole in Spain will near 6 million in 2013, i.e. more than a quarter of the workforce in the country. The gloomy unemployment figures were disclosed this week by the Spanish Confederation of Business Organizations (CEOE) which underlined that the labor reform adopted by the government will not curb […]