undocumented migrants in Mediterranean

What leaving FATF grey list means for Morocco

Morocco has taken measures to improve financial transparency and protect its economy against money laundering and terrorism financing, earning a well-deserved exit of the grey list of the Global financial crime watchdog Financial Action Task Force. The Moroccan government welcomed the FATF decision which will “positively impact the sovereign and local bank ratings in addition […]

Morocco elected president of Executive Board of World Food (WFP)

Morocco was unanimously elected on Monday to the presidency of the Executive Board of the World Food Programme (WFP) for the year 2024. The election of Morocco, represented by its Permanent Ambassador to UN agencies in Rome, Youssef Balla, to the helm of this supreme governing body of the largest humanitarian organization at the international […]

Morgan Stanley downgrades Egypt’s sovereign credit rating to “dislike stance”

New York-based investment banking company Morgan Stanley has moved Egypt’s sovereign credit to a “dislike stance” from a “neutral” rating and noted that the cash-strapped country will face what it termed “mounting risks” in the coming months, Bloomberg reports. The bank argued that the upcoming December elections exacerbate the situation. The planned polls in which […]