Credit fundamentals of major Moroccan banks are recovering slowly from the negative impacts generated by the covid-19 pandemic, says Fitch Ratings. The global health crisis caused a 6.3 pc Moroccan GDP contraction in 2020, the worst contraction in 25 years. “The banks’ asset quality and profitability weakened noticeably in 2020. Nonetheless, their credit profiles were […]
The longstanding ties between Morocco and African countries, recently strengthened by a well-deserved return to Africa’s institutional family, the African Union, enables the Kingdom to play the role of a gateway to several countries looking forward to foster ties with the continent. Argentinian media has recently raised the importance of Morocco’s network and diplomatic ties […]
Moroccan foreign minister Nasser Bourita is taking part in the preparatory meetings for the 32nd Arab Summit due in Jeddah on May 19. The summit comes amid ongoing Sudan crisis, the Israeli-Palestinian conflict, continuing tension between Morocco and Algeria over the Sahara issue, Syria’s return to the Pan-Arab organization, the Iranian and Turkish interferences in […]
