Point de presse conjoint de M. Nasser Bourita et M. Khaled Al Mechri

Morocco takes part in COVID-19 vaccine trials of Chinese Sinopharm group

Morocco will take part in phase 3 clinical trial of a COVID-19 vaccine developed by state-owned pharmaceutical giant, China National Pharmaceutical Group (Sinopharm). Two agreements were signed on Thursday in this regard via videoconference by Minister of Health Khalid Ait Taleb and top executives of the Chinese biotech group in presence of Foreign Minister Nasser […]

Fitch: Deposits in Morocco Islamic Banks to Grow up to 10 %

Islamic banking products in Morocco could expand their deposit bases by 5 to 10 pc, says Fitch Ratings, noting that the ability to grow the deposit base is positive for Morocco’s economic development because deposits represent about 70% of banking sector funding. “We expect growth of participation banks in Morocco will be high initially, as […]

Algeria: Foreign Exchange Reserves to Fall to $116bln by End of 2016

The fall in oil prices has taken a toll on Algeria’s foreign exchange reserves, which are expected to decline to $116 billion, Algria’s Prime Minister Abdelmalek Sellal said. At a context of a long-term slump in oil prices, the Algerian government is planning further cuts to curb spending over the next few years after the […]