IS-debiq

Fitch agency: Moroccan Banks Net Income Reaches Record Levels 2023

Moroccan banks’ profitability continued to recover strongly in 1st half of 2023, with aggregate net income reaching record levels, says Fitch rating agency, noting that the positive trend should continue in 2nd semester due to higher interest rates and loan book growth. The seven largest banks’ aggregate net income increased by 28% yoy in 1st […]

FIFA World Cup: Trump Blackmails Morocco with Sahara Issue

US President has asked Morocco to choose between getting US backing in the Sahara issue and hosting the 2026 FIFA World Cup as he seeks to pressure the North African country to scrap its bid in favor of the joint bid the USA presented with its neighbors, namely Mexico and Canada. A Moroccan diplomatic source […]

Sudan launches 3 trillion-pound agricultural finance plan to support farming season

Sudan’s Government has announced the creation of a banking finance portfolio exceeding 3 trillion Sudanese pounds to support the 2026 summer agricultural season and strengthen the country’s productive sector. Finance Minister Gibril Ibrahim announced the initiative last Week, as farmers face major challenges, including shortages of funding, improved seeds, fertilizers, fuel and rising production costs […]