UAE consulate in Laayoune

Spanish Vox scapegoats Moroccans in hateful electoral campaign

Spanish far-right party Vox raised fears of Moroccan presence in the occupied city of Melilla as it continues to stir fear of Muslims and migrants to win votes in May 26 regional elections. Jesús Delgado Aboy, who leads Vox in Melilla, said that the rising numbers of Moroccans in the city endangers the Spanish presence […]

Morocco: Pensions Fund RCAR acquires 16 million equities of Maroc Telecom

The Moroccan retirement pensions fund, Régime Collectif d’Allocation de Retraite, (RCAR) has acquired 16,229,447 shares of Maroc Telecom, which has floated 8 per cent of the company’s shares. The operation took place on June 17. RCAR with this acquisition has increased its share in the company to 5.81 per cent, the Moroccan Capital Market Authority […]

Libya’s Central Bank devalues Dinar by 13.3% amid ongoing political divisions

The Central Bank of Libya (CBL) has announced a significant 13.3% devaluation of the Libyan dinar, adjusting the exchange rate to 5.5677 dinars per US dollar, effective from April 6, 2025. This decision marks a shift from the previous rate of 0.1555 to 0.1349 Special Drawing Rights (SDRs) per dinar. The move comes as part […]