Asia Headlines International Morocco

Morocco’s King offers condolences to Japan following assassination of Shinzo Abe

King Mohammed VI has sent a message of condolences to the Emperor of Japan Naruhito, following the fatal shooting of former Japanese Prime Minister Shinzo Abe. In this message, the Sovereign said he learned with deep emotion and grief the despicable assassination of Shinzo Abe, expressing on this occasion to Emperor Naruhito and, through him, […]

Algeria Headlines

Geneva: NGO Decries Abuses Committed by Algerian Regime against Hirak Activists

The International Observatory for Peace, Democracy and Human Rights has denounced the serious human rights violations, repression and abuses committed by Algerian authorities against pro-democracy militants. In a press release issued lately on the occasion of the 51st session of the UN Human Rights Council (HRC) convening in Geneva, the NGO said despite the concerns […]

Business Egypt Finance Headlines

EIB, Banque Misr ink two deals to support SMEs in Egypt

The European Investment Bank (EIB) and Banque Misr have signed two technical assistance agreements to support small- and medium-sized enterprises (SMEs), Arab Finance reports citing emailed press release on July 6th. The first program will bolster Banque Misr’s credit risk management and help it adopt SME financing best practices. The second according to the statement […]

Europe Headlines International Morocco

Spain: Former Defense Minister Commends Madrid’s Position on Sahara

Former Spanish defense minister and former chief of intelligence services José Bono has commended his country’s supportive stand of the Moroccan autonomy plan offered for the Sahara under the Kingdom’s sovereignty, stressing the importance for Rabat and Madrid of maintaining a good relationship. “The position adopted by the government of Pedro Sanchez on the Sahara […]

Africa Columns Finance Headlines International Morocco Opinions

Morocco spearheads collective efforts in favor of Africa’s financial resilience to global crises

Morocco has hosted within four weeks three key events to leverage resources and spur joint action in favor of Africa’s financial resilience in the face of overlapping crises. Last month, Morocco hosted a meeting of African Union finance ministers to discuss common challenges and how to maintain steady funding for the continental organization. The same […]

Africa Business Headlines International Morocco

African Caucus wraps up meeting with adoption of Marrakesh Declaration

The 2022 meeting of the African Consultative Group of Finance Ministers & Central Bank Governors of the 54 African Member States of the World Bank and the IMF wrapped up works Wednesday in Marrakech with the adoption of the “Marrakech Declaration”. The document urged the WB and the International Monetary Fund to provide “rapid, comprehensive […]

Algeria Headlines

Algeria’s regime bans ties with Moroccan academics in new senseless move

The Algerian military junta continues its irrational hostile actions against neighboring Morocco in a bid to deflect popular attention from growing challenges at home. After cutting diplomatic ties with Rabat, closing its airspace to Moroccan planes and stopping pumping gas through the pipeline crossing the North African Kingdom, the Algerian authorities have decided lately to […]

Headlines Libya

Libyan Parliament speaker accuses PC Head of connivance with protest attack on Parliament house

Parliament Speaker Aqila Saleh has accused Muhamed Menfi, the Presidential Council’s Head, of having a role in the attack on the Parliament’s HQ in Tobruk last Friday, Libya Observer reports. A nationwide protest swept through Libya last week from Friday calling for elections and replacement of current institutions and figures. The demonstrators stormed the headquarters […]

Business Headlines Morocco

Morocco’s economy to grow 0.8% in third quarter

Morocco’s economic growth will slow down to 0.8% in the third quarter this year, compared to 8.7% the same period last year, the high commissioner for planning HCP said. The HCP mentioned the impact of the geopolitical tensions and imported inflation that has slowed the post-covid growth of the Moroccan economy. Global demand on Morocco […]

Business Headlines Morocco

Morocco’s automotive exports gaining momentum

The exports of Moroccan automotive sector increased by 24.4% to over $4 billion during the past five months against $3.2 billion recorded the same period of last year, according to latest data released by Moroccan Foreign Exchange Office. However, the share of car sales in total exports slightly drops to 23.4% end of May 2022 […]