Shanghai Auto Parts said it plans to set up a production plant in Morocco, which boasts an expanding automotive sector that is adapting to the needs of the electric vehicle industry. The plant would cost some 130 million dollars or 1.3 billion dirhams, the company said in a statement. The plant, to be called Shanghai […]
The Arab Monetary Fund has extended Morocco a new $211 million loan, within the framework of the Structural Adjustment Facility, to support a reform program in the public finance sector, the Arab financial institution announced in a statement released Friday. The loan agreement was signed on May 23 by Morocco’s Economy and Finance Minister Mohamed […]
The inter-governmental Middle East and North Africa Financial Action Task Force (MENA-FATF) removed Morocco from the list of countries that need a follow-up process on the concerns of money laundering and financing terrorism. Rabat celebrates, as the country’s endeavor to fight fraud and dubious financing is witnessing first results. Morocco has been also removed from […]
