Hakim Benchamach of the opposition PAM party retained his post as Speaker of the Upper House after taking 63 of the votes to 19 for his Islamist PJD rival Nabil Chikhi. The election was marked by the abstention of another opposition party, the Istiqlal Party, whose 28 Upper House members judged the vote as “non-democratic”. […]
Casablanca Finance City (CFC) and Barcelona Center Financer Europeu (BCFE) have sealed a cooperation agreement to enhance and tap investment opportunities between Spain, Morocco and Africa The deal lays the foundation for a sustainable cooperation that aims to promote investment opportunities between Spain, Morocco, Africa’s gateway. The Moroccan and Spanish financial centers pledge to set […]
The International Monetary Fund Executive Board has reaffirmed Morocco’s continued qualification to access the Precautionary Liquidity Line (PLL) resources as approved in August 2012. The IMF made the decision after it completed the first review of Morocco’s performance under the economic program supported by the two-year PLL arrangement and after concluding the 2012 Article IV […]
