Bank Al Maghrib

Role of Royal Atlantic Initiative in Sahel countries’ development highlighted at UN Conference on Landlocked Developing Countries

The Royal Atlantic Initiative enabling landlocked Sahel countries to have access to the Ocean strengthens South-South and triangular development projects that effectively contribute to improving the lives of beneficiaries and enhancing their development capacities. The remarks were made by Omar Hilale, Morocco’s permanent representative to the UN and President of the 22nd session of the […]

Egypt Strives to Attract Foreign Investment

The Egyptian government is putting the final touches on new foreign direct investment (FDI) council to be launched very soon in a bid to drain more foreign capital needed by the North African country to support its battered economy. President Abdel Fatah al-Sisi has given green light for setting up a Higher Council for Investment. […]

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 […]