Economy monitoring committee

Morocco Gleaned Necessary Backing for Return to AU, Algerian PM

Algerian Prime Minister Abdelmalek Sellal has acknowledged that Morocco has gained the necessary backing for its return to the African Union (AU). The Algerian top diplomat conceded that Morocco’s return to the AU has become inevitable, as it has secured the necessary votes from the majority of African countries. Speaking at a press conference held […]

Moroccan banking sector posts strong performance amid global uncertainty

Morocco’s banking sector has demonstrated remarkable resilience and growth, with net profits surging 24 percent according to the latest assessment by the country’s financial stability watchdog, reinforcing the sector’s position as a pillar of economic strength. The Committee for Coordination and Monitoring of Systemic Risks (CCSRS), meeting Monday at Bank Al-Maghrib headquarters in Rabat, highlighted […]

Supreme Court of Seychelles charges 8 Iranians for illicit drugs trafficking

The Supreme Court of Seychelles has charged 8 Iranians, the crew of a vessel, for the importation of illicit drugs to the African archipelago. The eight men onboard a vessel known as Abdullahi, were intercepted by the Seychelles Coast Guard (SCG) on December 28, 2023, northeast of Denis Island, which lies 60 kilometers north of […]