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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 […]

Algeria: Cornered by social tensions, renaissance of Hirak, President plans cabinet reshuffle, early elections

As the Hirak second anniversary draws near and as social tension is brewing in Algeria, the Algerian President is reportedly planning a cabinet reshuffle and early elections to stem the people’s anger. Several media outlets reported that the Algerian regime is about to announce a cabinet reshuffle as well as early elections, the latest recipe […]

Morocco takes part in commemorative meeting of NAM 60th anniversary in Belgrade

Morocco is taking part, along delegations of over 100 countries, in a high-level commemorative meeting to mark the 60th anniversary of the first conference of Non-Aligned Countries, which opened Monday in Belgrade. The conference, co-hosted by Serbia and Azerbaijan, is “an important opportunity for the Non-Aligned Movement to discuss its historic contribution, to reaffirm its […]