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Morocco’s Insurers Pass Stress Tests with Flying Colors as Sector Profits Surge 21%
Morocco’s Comité de Coordination et de Surveillance des Risques Systémiques (CCSRS) concluded its 23rd quarterly meeting in Rabat on Tuesday with a broadly reassuring verdict on the state of the financial system. The committee — presided by the Wali of Bank Al-Maghrib and bringing together the presidents of the AMMC and ACAPS alongside the Director […]
Morocco’s trade deficit expands due to expensive energy imports
Morocco’s trade deficit up to June surged to 150.5 billion dirhams or 14.6 billion dollars as the country sustains a heavy energy bill on the back of soaring commodities prices. The trade gap expanded 48.7% as the domestic economy recovers and demand grows on imports of semi-products and equipment required by the local industry increase. […]
Libya: GNA rejects Haftar’s unilateral ceasefire
Libya’s UN-recognized government of National Accord on April 30 rejected a truce unilaterally called the day before by military strongman Khalifa Haftar, saying it “did not trust” its eastern-based rival. The GNA said in a statement that it did not trust Haftar, who controls the east and swathes of southern Libya, accusing him of violating […]



