Japan has thrown its weight behind UN Security Council resolution 2797 endorsing the Autonomy plan in the Sahara under Moroccan sovereignty and expressed support for the efforts made by the UN Secretary General and his Envoy for the Sahara for a just, lasting, and mutually acceptable solution of this five-decade regional conflict. The Japanese stand […]
The European Bank for Reconstruction and Development (EBRD) is supporting Morocco’s packaging industry with a €15 million loan provided to Multisac SA, local manufacturer of woven polypropylene bags in Morocco. The announcement of the funding coincides with the visit of EBRD chief Renaud Bassu is paying to Morocco. The €15 million loan will support the […]
As expected, Morocco’s Central Bank has finally given its green light to five Moroccan banks to set up Islamic banks – known locally as participative banking- and allowed three banks to sell Islamic products. The regulatory approvals concern the three major Moroccan banks Attijariwafa Bank, BMCE of Africa and Banque Centrale Populaire (BCP), and two […]
