In a bid to maintain their strong grip on power and avoid U.S. sanctions for financing Moscow’s war in Ukraine through the purchase of Russian weapons, the Algerian rulers started distancing themselves from their Russian historical ally and main arms supplier. According to Spanish newspaper “El Confidencial” and French daily “Courrier International”, the Algerian military […]
Morocco is planning to set up a market for non-performing loans (NPLs) offering the possibility of buying and selling of unpaid loans beyond set deadline. Banks can sell NPLs to reduce risk, free up capital, and maintain profitability, while investors seek to profit by restructuring or recovering value. Morocco’s Central bank, Bank Al-Maghrib, has been […]
The UN Secretary General Antonio has voiced appreciation for Morocco’s cooperation with his personal envoy for the Sahara, Staffan de Mistura, while Morocco has renewed commitment to support the efforts of the Secretary-General and his personal envoy aimed at relaunching the political process. This came during a meeting at the UN headquarters in New York […]
