Alger Maduro

Fez Medina: Historic Sites, Monuments Get Facelift

The rehabilitation program of the medina and 27 monuments and historic sites in the ancient city of Fez, founded by Idriss II in the 7th century, is almost over. Under the program launched in 2013, twenty-six monuments and historical sites have already been renovated for a total amount of about $30 million (MAD285.50 Million.) King […]

New species of ancient maritime predators discovered in Morocco

Researchers have recently discovered a new species of ancient marine reptile in Morocco. The sea monster, a long and thin reptile with crocodile-like jaws, preyed on everything it could catch. The new species of the ancient marine reptile that stroke terror into the hearts of the normally safe, fast-swimming fish has been identified by a […]

Fitch Affirms Morocco’s BBB-Rating, with Stable Outlook

Fitch Ratings has affirmed Morocco’s long-term foreign-currency Issuer Default Rating (IDR) at ‘BBB-‘ with a stable outlook, praising the country’s macroeconomic stability, its comfortable external buffers and low share of foreign-currency debt in public debt. The credit rating agency projects Morocco’s deficit at 3.7 pc of GDP in 2019 and 3.5 pc in 2020, saying […]