Impaired loans weigh on banks profitability in 2020

Moroccan banks’ impaired loans ratio surged to 8.6% to stand at a record 80 billion dirhams undermining Bank’s profits in 2020, the central bank said in its latest report. The rise of bad loans takes place at a context marked by the impact of the pandemic on economic activity in general and bank loans in […]

Paris expels 12 Algerian officials positioned in France, recalls ambassador to Algiers

French President Emmanuel Macron’s office said 12 Algerian diplomatic and consular officials were expelled on Tuesday in a tit-for-tat move amid diplomatic tensions, after Algeria on Sunday ordered 12 French officials from the interior ministry to leave the North African country within 48 hours. France’s President Emmanuel Macron Tuesday, April 15, decided to expel 12 […]

Singapore Appoints Technology Executive as Ambassador to Morocco after several years’ vacancy

Singapore reactivated its diplomatic representation in Morocco after several years’ vacancy by appointing Chua Kee Lock as new non-resident ambassador to the Kingdom, marking significant diplomatic milestone in bilateral relations. The Foreign Affairs Ministry announced the January 6, 2026 appointment, ending representation vacancy at this strategic post. This decision occurs as Singapore intends strengthening diplomatic […]