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Morocco rejects Fitch Rating report on banking sector

Morocco’s central bank has efficient and effective regulatory control of the banking sector contrary to what Fitch rating claimed in a recent report, said head of the bank Abdellatif Jouahri. The central bank governor, who was speaking to reporters, said Fitch was wrong in its conclusions that run contrary to what other international rating agencies […]

Remittances by Moroccans abroad account for 20% of Morocco’s total forex reserves

Money sent home by Moroccans living abroad represented 20% of overall foreign exchange reserves held by Morocco, head of the government Saad Eddine El Othmani said. Despite the pandemic, remittances proved resilience and showed the values of solidarities held dear by Moroccans. Total remittances stood at 7.4 billion dirhams in 2020, up from 6.9 billion […]

Egyptian artists flies flag high in Barcelona

Iman Issa, an egyptian contemporary artist has won the Fundació Han Nefkens Macba Contemporary Art Award in barcelona. The award is a new category included in the event and according to Fundació Han Nefkens (FHN) and the Museu d’Art Contemporani de Barcelona, its inclusion is geared towards consolidating the career of artists with many years’ […]