Moroccan ministers

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 […]

Morocco launches pre-qualification tender for Noor Midelt III solar plant

Morocco announced a tender for the development of Noor Midelt III, a 400MW solar plant part of a complex that is designed to be the largest in the world. Once completed the Noor Midelt project would have 1600 MW installed capacity, conducive to Morocco’s goals to generate 52% of its electricity from renewable sources. Morocco […]

Biden will not reverse US recognition of Morocco’s sovereignty over Sahara – Axios

The administration of President Biden will not reverse Trump’s decision recognizing Morocco’s sovereignty over the Sahara, Axios reported. The statement was made during a phone call between US Secretary of state Antony Blenken and Morocco’s Foreign Minister Nasser Bourita, Axios, the well informed website, said, quoting two sources familiar with the call. Algeria’s mirage of […]