RAM

Morocco’s Central Bank Maintains Key Interest Rate Unchanged at 2.25%

Morocco’s Central Bank, Bank Al Maghrib, kept its benchmark interest rate unchanged at 2.25% following its board meeting on Tuesday, December 19. The Bank said inflation was expected to reach 0.7 % on average at year end, down from 1.6 percent in 2016. The bank also revised down economic growth to 4.1% this year from […]

Saudi Arabia takes its recognition of Moroccan Sahara to more tangible level

Saudi Arabia’s Crown Prince gave a directive ordering the administrations of his country to use only maps that show the full territory of the Moroccan Kingdom including the Sahara territory. Prince Mohammad Bin Salman also gave directives to drop the appellation “Western Sahara” in referring to the Moroccan Sahara in Saudi official jargon. The order […]

Would cannabis legalization prompt a crack in PJD edifice?

The PJD Islamist party, which took most votes in the latest general elections, is more divided than ever after its former Secretary General froze his membership in the party and declared a boycott of the current party’s leadership after the government approved a cannabis legalization draft bill. The PJD’s predication branch (MUR) also expressed reservations […]