Tanger-Med

COVID-19: State of health emergency extended for another month in Morocco to July 10

The Moroccan government has finally decided to extend the state of health emergency until July 10 with gradual easing of confinement measures. The decision was made in line with a bill that was discussed and adopted Tuesday by a Cabinet Meeting, convened by videoconference under the chairmanship of head of government, Saad Dine El Otmani. […]

Impaired loans weigh on banks profitability in 2020

Moroccan banks’ impaired loans ratio surged to 8.6% to stand at a record 80 billion dirhams undermining Bank’s profits in 2020, the central bank said in its latest report. The rise of bad loans takes place at a context marked by the impact of the pandemic on economic activity in general and bank loans in […]

Spain describes as fruitful its Foreign Minister’s visit to Morocco

Spain’s Ministry of Foreign Affairs has described Spanish top diplomat José Manuel Albares’ visit to Morocco on Wednesday and Thursday as “fruitful.” “Two fruitful days of visit to Morocco by Minister Albares,” wrote the Spanish Ministry of Foreign Affairs on Friday in a message posted on its X account, specifying that Madrid and Rabat reaffirmed […]