Bank Al-Maghrib, Morocco’s central bank, decided Tuesday to increase its key interest rate by 50 basis points to 2 percent and to continue to monitor closely the economic developments, both nationally and internationally, and in particular, the evolution of inflationary pressures. The decision was made by the Bank’s Board after having analyzed the international economic […]
Spanish fishing trawlers will return to the Moroccan waters as of Monday, July 22, announced Spanish Minister for Agriculture and Maritime Fisheries, Luis Planas, in a statement released by his department. The meeting of the first joint commission of the Morocco-EU fisheries agreement, held in Rabat, this week defined the technicalities to issue the […]
Algeria is reportedly seeking a $3 billion loan from the Islamic Development Bank (IsDB) to finance a major railway infrastructure project. The loan is still pending approval by the bank’s governing board, which includes key stakeholders such as Saudi Arabia and the United Arab Emirates, countries whose diplomatic ties with Algeria have been strained in […]
