Al Shabab

Algeria bans trade with Spain, scraps neighborliness treaty

Algeria ordered its banks to suspend processing all import and export operations with Spain, in a recent escalation that followed the suspension of a neighborliness treaty in retaliation against Spain’s sovereign decision in support of Morocco’s sovereignty over the Sahara region. The recent Algerian escalation came after Spanish Prime Minister Pedro Sanchez on Wednesday defended […]

Morocco’s Financial Crime Unit Tightens Grip on Suspicious Currency Flows

Le Bureau national de lutte contre les crimes économiques et financiers (BNLCEF), a specialized unit of the national judiciary police brigade, (BNPJ), has opened an investigation into a group of businessmen and foreign exchange office operators suspected of channeling large sums of money of undetermined origin into the Moroccan economy. The development was reported on […]

US Secretary of State reportedly expected in Morocco next week part of a Mideast tour

US Secretary of State Antony Blinken is expected in Morocco next week, as part of a regional tour in the Middle East, reported Wednesday, the American website Axios, which is generally well-informed. Tony Blinken is expected to travel to the Middle East at the end of his trip to Europe where he is accompanying, from […]