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Morocco’s Central Bank raises rates to 2% to fight inflation

Bank Al-Maghrib, Morocco’s central bank, decided Tuesday to increase its key interest rate by 50 basis points to 2 percent and to continue to monitor closely the economic developments, both nationally and internationally, and in particular, the evolution of inflationary pressures. The decision was made by the Bank’s Board after having analyzed the international economic […]

Morocco, Hungary to be Linked by Two Direct Weekly Flights

Two weekly flights will link Morocco to Hungary as of October 30 as the north African Kingdom aspires to attract 30,000 Hungarian tourists by 2018 and 100,000 by 2020. In a statement to the press, director of Morocco’s tourism promotion office (ONMT) Abderrafie Zouitene said that Morocco and Hungary will be linked by two flights […]

Geneva: Morocco reiterates calls for ending sufferings of sequestered populations in Tindouf Camps & for their registration

Morocco has urged again the UN High Commissioner for Refugees to end the five-decade humanitarian crisis suffered by the sequestered populations in the Polisario-controled Tindouf camps, southern Algeria. Addressing the UNHCR’s 76th Executive Committee session, Morocco’s Permanent Representative to the UN Office in Geneva, Omar Zniber urged the UN agency to conduct an “independent and […]