AU commission incumbant chair Moussa faki

Government, teachers’ unions reach breakthrough agreement

A period of recurrent strikes is about to get wrapped up with a landmark deal between the government and teachers’ main unions providing for wage hikes of up to 1500 dirhams. Teachers led nation-wide strikes this year demanding better wages and more benefits, while urging the government to abstain from applying a new law which […]

Moroccan Central Bank partners with IFC to promote Morocco’s agricultural financial inclusion

Bank Al-Maghrib (BAM) and the International Finance Corporation (IFC) signed a partnership deal on Wednesday, June 18, in Rabat, meant to achieve two key objectives: improving the resilience of agricultural operations and fostering inclusive and sustainable growth. According to a joint press release, this partnership reflects the shared ambition of both institutions to promote an […]

Libya: US Treasury Slaps Sanctions on Oil Smugglers

The US Treasury has imposed new sanctions, including asset freeze, on several entities and individuals from Libya, Egypt and Malta believed involved in the smuggling of Libyan oil. The new sanctions from the Treasury’s Office of Foreign Assets Control (OFAC) have targeted six people, twenty-four companies and seven vessels. Assets belonging to targeted individuals and […]