Morocco: Maritime patrols thwart irregular migration attempts off Tantan, Dakhla

A series of coordinated coastal sweep operations and maritime patrols on Friday enabled the interception of 269 would-be migrants who were attempting to reach the Canary Islands, the General Staff of the Royal Armed Forces (FAR) said in a statement. The operations, carried out approximately ten kilometers southwest of Tantan, involved FAR units responsible for […]

UNCTAD: Illicit financial flows costs Morocco, Africa billions of dollars

A United Nations report, issued this week, said that illicit financial flows out of Morocco amounted to about 16.6 billion dollars during the years 2013-2014.   This came in a report by the United Nations Conference on Trade and Development (UNCTAD), which revealed that the African continent loses about 88.6 billion dollars annually due to […]

First Islamic Bank in Morocco Expected Next Year

Morocco will have its first Islamic bank next year, according to a statement made lately in Kuwait by governor by the central bank of the North African country Abdellatif Jouahri. Morocco will become thus the latest Muslim-majority country to develop a regulatory framework specific to Islamic finance after the parliament approved last year a bill […]