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Morocco’s Central Bank raises key interest rate to 3% to mitigate inflation

Morocco’s Central bank decided on Tuesday to lift its rates by 50 basis points to 3 percent to counter inflationary pressures exerted both at the domestic and international levels. During its first meeting of 2023 held in Rabat, the Board of Bank Al Maghrib discussed the evolution of the national economic situation and the Bank’s […]

UN Expresses ‘Deep Shock’ at Scale of Executions in Egypt

The Office of the UN High Commissioner for Human Rights (OHCHR) expressed its “deep shock” after 20 people were reported to have been executed in Egypt since last week. The OHCHR also raised concerns that due process and fair trial guarantees did not appear to have been followed. The UN statement cited the case of […]

King Mohammed VI highlights Morocco’s achievements to bring Sahara issue to final close

King Mohammed VI said Morocco made headway in bringing the artificial dispute over its southern provinces, the Sahara, to a final close urging pro-activeness and decisiveness in gathering further support for the autonomy plan for the territory as a final solution. “Our achievements to bring this issue to a final close and the economic and […]