King Mohammed VI

Fitch Ratings: Morocco has Buffers against Pressure on its Finances due to Covid-19

Pressure exerted on Morocco’s current account deficit (CAD) and external finances have increased significantly due to the COVID-19 pandemic global shock, Fitch Ratings says. However, the North African country has buffers to manage increased pressures, including recently displayed willingness to adjust the flexibility of the exchange rate regime, adds the international rating agency. Disruptions to […]

Fitch Deems Morocco’s Capital Markets Well Developed

Capital markets are reasonably deep and well developed in Morocco wherein institutional investors buy long-term senior and subordinated bonds issued by Moroccan banks, says Fitch Ratings in its latest report on Moroccan retail housing finance market. The introduction of a covered bonds market in Morocco would support continued strong growth of retail mortgage lending, adds […]

International: Muslim world foreign ministers meet in Kuwait to discuss approaches to stem terrorism

Over 50 foreign ministers from the Islamic Cooperation are meeting in the Kuwait capital to address approaches and sustainable solutions that will help stem terrorism, hate speech, radicalism in the Muslim world. The two-day event will kick off on May 27 and close on May 28 in Kuwait. This year marks the 42th edition of […]