Niger attack on soldiers

Morocco: Banking deposits surge 72% over a decade reaching $120 billion

Banking deposits in Morocco have experienced consistent growth over the past decade, reaching 1.271 trillion dirhams ($120 billion) in 2024 compared to 740 billion dirhams in 2014, representing a remarkable 72% increase. Bank Al-Maghrib monetary statistics confirm this robust upward trajectory, with deposits surpassing the one trillion-dirham milestone in 2020. The growth pattern demonstrates strong […]

Morocco: Over 4 tons of cannabis seized in Atlantic coastal city of Asilah

Morocco’s police of the city Asilah, on the northwest tip of the Atlantic coast of the Kingdom, have foiled an attempt to smuggle 4.6 tons of cannabis. This major drug bust was made during a security combing operation carried out in the city coastline, which led to the discovery and seizure of 117 bales of […]

Tax reform draft adopted at Council of Ministers chaired by King Mohammed VI

A Council of Ministers held Monday in Fez under the chairmanship of King Mohammed VI adopted the draft framework law on tax reform that was prepared in application of the royal guidelines and on the basis of the recommendations of the National Tax Conference held in May 2019. The text seeks to establish an efficient, […]