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Rabat recalls its ambassador to Madrid amid growing diplomatic row

Morocco has decided to recall its ambassador to Spain for consultation amid strained relations over Madrid’s hosting of Polisario leader and the record number of migrants who reached the occupied enclave of Ceuta, according to several local media outlets. The decision comes after the Spanish foreign ministry summoned on Tuesday Moroccan ambassador to Madrid Karima […]

Russia seeks larger share in Morocco’s wheat imports

The Russian ambassador to Rabat said his country is ready to sell wheat at a competitive price to Morocco, a major wheat importer. “Russia is ready to supply wheat to Morocco at reasonable prices,” Russia’s ambassador Vladimir Baibakov told TASS news agency. “Morocco remains a key Russian trade and economic partner in Africa. In a […]

East Africa bracing for fresh wave of interest rate hikes fueled by Red Sea crisis

East African central banks are being forced to hike interest rates to contain renewed inflationary pressures emanating from surging shipping and insurance costs due to the disrupted crucial trade routes between Europe, the Middle East, and Asia in the Red Sea. The ongoing Red Sea crisis, involving attacks by the Iran-supported Houthi group based in […]