Morocco’s central bank has decided to raise its key rate by 50 basis points to 2.5pc due to inflation upward trends and external pressures that spread to non-tradable goods and services and to the implementation of the subsidy system reform starting 2024. During last quarterly meeting held Tuesday in Rabat, the Board of Bank Al-Maghrib […]
Morocco’s tourism promotion office (ONMT) is planning to encourage domestic tourism to compensate for losses due to the global impact of the coronavirus on international tourist arrivals. Prospects for a return to normalcy in the tourism sector before 2021 are bleak, said l’Economiste daily citing the office. “Hopes are therefore pinned on domestic demand as […]
Italy will organize an international Conference on Libya on June 22 as Rome is championing a new deal on the oil-rich African country, Italy news agency Nova reports citing diplomatic sources. The conference, defined as technical table, will include the three Western permanent members of the U.N. Security Council, namely France, the U.K. and the […]
