rabat_celebration of 50th OIC anniversary

Morocco’s central bank kicks off instant inter-bank payments

Clients of Moroccan banks can now enjoy instant transfers in real time and for free over the next three months, Morocco’s central bank said in a statement. The time-span for transfers between clients of Moroccan banks would now take no more than 20 seconds provided it is capped at 20,000 dirhams, it said. The initiative […]

Spain, Morocco’s First Trading Partner in 2016

Spain remained Morocco’s top trading partner in 2016 with trade turnover totaling $10.6 billion up from $9.3 billion in 2015, Morocco’s foreign exchange regulatory authority, L’Office des Changes said. Between 2015 and 2016, Morocco’s imports from Spain rose from $4.4 billion to $6.2 billion, while its exports to the country jumped from $4.2 billion to […]

ALECSO honors Bayt Mal Al-Qods Agency for support to the Holy City and its residents

The Bayt Mal Al-Qods Agency received the prestigious ALECSO Shield from the Arab Organization for Education, Culture, and Science (ALECSO) in recognition of its outstanding efforts, under the leadership of King Mohammed VI, to support the Holy City of Al-Qods and its Palestinian residents. The award was presented during a ceremony that marked the conclusion […]