Iranian drones in North Africa, a cause for concern for Morocco and the whole region

Iranian drones have made their way to North Africa through Algeria, posing a threat to the stability of the region, at a time Morocco has been calling the international community’s attention to this threat and warning against the acquisition of drones by terrorist and separatist groups. At the end of 2022, Moroccan Senior Officials highlighted […]

Saudi, Qatari investors may follow UAE in ‘buying up’ Egypt’s coastline

Only days after the announced $35 billion deal with the UAE for the development of Ras al-Hekma on its Mediterranean coast, Egypt is reportedly also targeting investors from Qatar and Saudi Arabia offering them prime Red Sea coastal land in Ras al-Ghamila in South Sinai for sale as part of Cairo’s attempt to inject cash […]

Morocco joins Pan-African payment and settlement system

Morocco’s Central Bank has joined the Pan-African Payment and Settlement System (PAPSS), a centralized financial market infrastructure that enables the efficient flow of money securely across African borders, minimizing risk and contributing to financial integration across the Continent. Morocco becomes the 17th country adhering to PAPSS developed by the African Export-Import Bank (Afreximbank) in partnership […]