Apache Arrival

Fitch Ratings highlights resilience of Moroccan banks

Credit fundamentals of major Moroccan banks are recovering slowly from the negative impacts generated by the covid-19 pandemic, says Fitch Ratings. The global health crisis caused a 6.3 pc Moroccan GDP contraction in 2020, the worst contraction in 25 years. “The banks’ asset quality and profitability weakened noticeably in 2020. Nonetheless, their credit profiles were […]

Sahara: Spain’s Congress of Deputies Supports “Just & lasting” Solution

The Spanish Congress of Deputies (lower house of Parliament) has voiced its support for a “just, lasting and mutually acceptable solution” to the Sahara regional conflict. In a motion unanimously adopted on Tuesday, the Spanish MPs call on the government to continue to back the UN-led dialogue process engaged with the parties to the conflict […]

Morocco, a reliable and indispensable partner for Spain in migration management

Recognition and gratitude are the watchwords of the Spanish government’s statements to Morocco for its effective, efficient and exemplary cooperation in the fight against irregular immigration, a cooperation which has produced tangible results at all levels. Aware of the central role played by Morocco as a transit country and its humanistic, holistic and multidimensional approach […]