Morocco’s BCP Bank gets $100 Mln loan from EBRD to mitigate COVID-19 impact

The European Bank for Reconstruction and Development (EBRD) approved on Thursday a $100 million loan to Moroccan “Banque Centrale Populaire (BCP) to support local small businesses affected by the coronavirus pandemic. The loan is the second to the country under the EBRD Solidarity Package, set up to meet the immediate short-term financing needs of existing […]

Covid-19: Morocco plans more flights to repatriate nationals stuck abroad; No Marhaba operation

Morocco has programmed 30 flights on June 21-27 to speed up the repatriation of its nationals stranded abroad because of the restrictive measures to counter the coronavirus outbreak. The flights will transport 4,644 Moroccans stuck in 17 countries, Morocco’s foreign minister Nasser Bourita told MPs this Monday. These countries include Turkey, Serbia, Mauritania, Tunisia, Hungary, […]

French fellow under international arrest warrant nabbed in Marrakech

Moroccan Police nabbed Saturday at the Marrakech-Menara International Airport a 58-year-old French national in execution of an international arrest warrant issued by a Swiss court. The French national has been sued for fraud and sentenced to a prison term in absentia, said Sunday the Directorate General of National Security (DGSN) in a statement. According to […]