Ceuta

Mozambique ‘tuna bond’ case: Credit Suisse loses bid to block UK trial due in October

Credit Suisse has lost its bid to block the lawsuit filed by the Government of Mozambique against the Swiss bank for its role in the 2 billion dollar scandal known as the “tuna deal”, and will thus be brought to trial in October. A UK high court judge on Monday (4 July) refused to strike […]

Morocco central bank cuts key interest rate as inflation drops

Morocco’s central bank cut its borrowing rate to 2.75% from 3% as inflation drops thanks to lowering food prices and easing external inflationary pressures, the bank said following its board meeting. “On the basis of all these considerations, the Board considered that the calibrated tightening of monetary policy, the regular monitoring of the transmission of […]

Palestine Presidency: Rabat’s support helps Palestinians continue resistance

The important support, which Morocco provides to Palestine, under the leadership of King Mohammed VI, has greatly helped Palestinians to continue resistance, said Palestinian minister of Social Development Ahmed Majdalani. Speaking on behalf of the Palestinian presidency at a ceremony hosted over the weekend by the Moroccan embassy in Ramallah on the occasion of Throne […]