marine

Chad backs Morocco’s political solution to Sahara dispute

Chad Monday threw its weight behind Morocco’s autonomy proposal for the Sahara, whose independence is claimed by the Algeria-backed separatist Polisario front. Chadian Foreign Minister Amine Abba Sidick stressed his country’s position as he visited his Moroccan counterpart Nasser Bourita in Rabat. Chad, the Foreign Minister recalled, has severed ties with the pseudo-Sahrawi Republic since […]

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 […]

Libya: Serraj appoints finance minister to unlock CBL-held funds

Head of UN-backed Presidential Council (PC) Faiez Serraj has appointed finance minister to help release life-saving funds help up by Central Bank of Libya (CBL) at odd with Libyan unity government. Libya has been without financial minister since the inception of the unity government in December. Fakhr Muftah Bufernah aligned House of Representatives (HOR), initially […]