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Fitch: Moroccan Banks show resilience despite Macro-economic challenges

Moroccan banks continue to show resilience despite challenging global and domestic macro-economic conditions, Fitch Ratings says in a new report focusing on the country’s seven largest banks. Banks have built up healthy provisions buffers since 2020 and are well-placed for a continued recovery in profitability in 2024 amid rising interest rates, says the rating agency. […]

Coronavirus: Morocco’s Flag-Carrier RAM Halts Flights to China

Royal Air Maroc decided on Thursday to suspend temporarily all its direct flights to and from the Chinese capital starting Jan.31 as the new deadly coronavirus continues to spread in China and worldwide. The Moroccan airline said it decided a one-month suspension of the Casablanca-Beijing flights after a “sharp drop in demand” and bookings.   […]

Tripoli Sends 170 Senegalese Migrants Back Home

About 170 Senegalese migrants who were in detention centers in Tripoli have been deported back to the west-African nation, local media reported on Thursday. The migrants were sent back home early Thursday from the Mitiga airport east of Tripoli under the supervision of the International Organisation for Migration (IOM). “There was coordination with the immigration […]