Chinese Omega Textile Maroc signs agreement with industry ministry july 16 2020

Japan lends Morocco $200 mln in aid

Japan has offered Morocco a loan of $200 million to back the coronavirus response program. An agreement was signed in this regards between Morocco’s finance ministry and Japan’s international cooperation agency (JICA). This loan aims at helping the government deal with the health, social and economic repercussions of the pandemic. JICA has been operating in […]

Fitch Gives Morocco ‘BBB’ Rating

Global rating agency Fitch has affirmed Morocco’s Long-term foreign currency Issuer Default Rating (IDR) at ‘BBB-‘, Long-term local currency IDR at ‘BBB’, and Short-term foreign currency IDR at ‘F3’. The agency has also given the North African Kingdom a “stable outlook” and affirmed the country ceiling at ‘BBB’. Morocco’s ‘BBB-‘ rating is supported by a […]

Spain, in collaboration with Morocco’s DGST, dismantles ISIS support network

Spanish police announced over the weekend that they have dismantled, in collaboration with Morocco’s General Directorate of Territorial Surveillance (DGST), a network believed to have planned two attacks and financed the activities of Daesh (ISIS) members. The operation resulted in arresting five people in Spain, in the provinces of Valencia (2), Cáceres, Alicante and Guipúzcoa, […]