Tanger Med

Morocco’s special earthquake reconstruction fund hits $2 bln milestone

The special fund launched to finance reconstruction efforts in quake-hit areas is about to hit the $2 billion milestone or 20 billion dirhams, central bank governor said. The earthquake that hit on September 8 claimed 3000 lives and shattered many villages in the western High Atlas. Up to Dec 15, the fund had 19 billion […]

Morocco’s debt rating outlook stable at Ba1, Moody’s says

Moody’s Ratings has affirmed Morocco’s stable credit outlook at Ba1, saying the rating reflects Morocco’s institutional strengths and robust external position. “The stable outlook reflects our expectation that the government will pursue economic and social reforms to improve the economy’s resilience to shocks while keeping the debt burden stable,” Moody’s said. “We expect the government […]

Libya: EU condemns massacre of over 40 civilians in airstrike by Haftar forces

The European Union Monday condemned airstrikes by eastern Libyan rebel forces that killed over 40 civilians, in the South of the oil-rich country. War planes of Khalifa Haftar struck a residential zone, including a wedding in Murzuq in southern Libya on Sunday. The raids killed at least 43 people, all of them civilians. Forces loyal […]