Remittances from Moroccans abroad are expected to hit 11 billion dollars, a record level compared to 9.3 billion last year, the World Bank said in a recent report. Remittances are key to feeding Morocco’s foreign exchange reserves, which cover around 6 months of import needs, according to the central bank. Morocco, whose diaspora is mainly […]
Morocco has exposed Algeria’s brazen lies and craven attempts to mislead the international community by spreading false information on Western Sahara during the latest virtual ministerial meeting of the Non-Aligned Movement (NAM) held July 13-14. In a letter addressed to NAM presidency, Morocco’s permanent representative to UN Omar Hilale responded to the provocative and offensive […]
The Moroccan government expects an economic growth of 3.7% and a narrowing of the fiscal deficit to 4% next year, according to a draft buddget that was approved by a ministerial council chaired this Thursdau by King Mohammed VI. The earthquake that struck on Sept 8 had no impact on the macro-economic assumptions of the […]
