marrakech

Morocco’s King: Social justice & combating inter-regional disparities are not empty slogans but strategic policy

King Mohammed VI has affirmed that social justice and combating inter-regional disparities are not empty slogans, nor a temporary priority but a strategic policy. In a speech made Friday on the opening of the Fall session of the parliament, the King, who was accompanied by Crown Prince Moulay El Hassan and Prince Moulay Rachid, said […]

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 […]

Panama suspends diplomatic ties with self-proclaimed ‘sadr’

In line with the international law, Panama has cut all ties with the self-proclaimed Polisario entity, SADR, the country’s foreign ministry said in a statement. “The Republic of Panama, prioritizing national interests and adhering to the core principles of its foreign policy, reaffirms its commitment to the objectives and values that underpin multilateralism. The Republic […]