JET

Houthis’ Red Sea attacks spike Asia-Morocco shipping cost by over 60%

The hijacking of commercial ships and drone attacks by the Iran-backed Houthi rebels have disrupted global supply chains and sparked a jump in Asia-Morocco shipping costs by 60% to 100%. “The cost of shipping a 20-foot container from Shanghai to Casablanca increased from $1,450 to $2,800 (from €1,324 to €2,557) since last month’s 15th,” Rachid […]

Bank intermediation dominated Mauritanian banks’ activities in 2023

In 2023, banking intermediation was at the heart of Mauritanian banks’ operations, as they leveraged their deposit-taking and lending activities to support growth. According to the Central Bank of Mauritania’s 2023 annual report, this activity accounted for 65.1% of the banking sector’s total consolidated assets. Customer deposits at the 17 banks operating in the country […]

Morocco Becomes Observer Member of ASEAN Inter-Parliamentary Assembly

The Moroccan House of Representatives has been granted the status of an observer member in the ASEAN Inter-Parliamentary Assembly (AIPA) during the latest meeting of this Assembly convened Sept. 8-10 in Hanoi. The Lower House of the Moroccan Parliament is the first African and Arab legislative institution to gain such a status, a fact that […]