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Fitch agency: Moroccan Banks Net Income Reaches Record Levels 2023

Moroccan banks’ profitability continued to recover strongly in 1st half of 2023, with aggregate net income reaching record levels, says Fitch rating agency, noting that the positive trend should continue in 2nd semester due to higher interest rates and loan book growth. The seven largest banks’ aggregate net income increased by 28% yoy in 1st […]

Costa Rica Backs Morocco’s Autonomy Plan for Sahara Under Kingdom’s Sovereignty

Costa Rica has commended Morocco’s Autonomy plan offered for the Sahara under the Kingdom’s sovereignty, describing the plan as “the most serious, credible, and realistic basis for reaching a lasting political solution” to this dispute. The supportive stand comes in a joint statement released in Rabat following the talks held Friday between Costa Rican Foreign […]

King Mohammed VI & President Macron Open New Chapter in Moroccan-French Exceptional Partnership

King Mohammed VI and French President Emmanuel Macron opened a new chapter in the long history between France and Morocco, by elevating their bilateral ties to higher level so that they can take up common regional and international challenges. The two Heads of State signed on Monday at the Rabat Royal Place a joint Declaration […]