World Bank supports Morocco’s vision for new generation of territorial development programs- IFC Regional Director

The World Bank Group supports Morocco in its vision for a new generation of territorial development programs, launched under the guidance of King Mohammed VI, said the International Finance Corporation (IFC) Regional Director for North Africa, Cheick-Oumar Sylla. “Morocco’s vision for a new generation of territorial development programs offers a key opportunity to deepen the […]

Fitch: Deposits in Morocco Islamic Banks to Grow up to 10 %

Islamic banking products in Morocco could expand their deposit bases by 5 to 10 pc, says Fitch Ratings, noting that the ability to grow the deposit base is positive for Morocco’s economic development because deposits represent about 70% of banking sector funding. “We expect growth of participation banks in Morocco will be high initially, as […]

Tension brews between Algeria and UAE

Late on June 20, Ennahar, a mouthpiece of the military rulers in Algeria, said the country asked the ambassador of the United Arab Emirates to leave the country after busting four Emirati spies working for the Mossad. The news was later dismissed as a fake by the foreign ministry and the communication minister was sacked […]