Emerging Markets Finance Headlines Morocco

Morocco’s central bank maintains key rate at 2.75%

Morocco’s central bank maintained its benchmark rate at 2.75% amid decreasing inflation. The bank said inflation would decrease to 1.3% this year as a result of falling food prices, the main driver for inflation in the country. Inflation would increase slightly to 2.2% in 2025 as the government negotiates a new wave of price hikes […]

Asia Emerging Markets Headlines International Morocco

Morocco-UAE security cooperation makes Algerian regime extremely nervous

Morocco and the United Arab Emirates have agreed to step up cooperation ties in security through the exchange of experiences in professional police training, advanced police studies and forensic science enabling law enforcement to deliver efficient & effective service. The agreement was inked Monday in Abu Dhabi during the working visit Abdellatif Hammouchi, Head of […]

Headlines Morocco

Moroccan navy rescues 54 migrants in southern waters

Morocco’s navy rescued 54 Sub-Saharan migrants, including 7 women and a child, in the waters of the southern provinces, near Tan Tan. The migrants, who were heading to the Canary Islands, have received medical care before they were handed to the Royal Gendarmerie. Increasing numbers of migrants from Sub-Saharan Africa are trying the riskier Atlantic […]

Business Finance Headlines Libya

Libya: Major crisis at the head of the Central Bank causes the dinar to fall against the dollar

The political deadlock in Libya continues, with the country facing a major crisis following the Libyan Presidential Council’s decision to dismiss Central Bank Governor Al-Siddik al-Kabir over a month ago. The Council’s move to appoint a new Governor and Management Committee has intensified divisions within the country, as this authority lies with Parliament and the […]

Egypt Headlines

Egypt: Beltone and Madkour Group sign $8.21mln leasing and factoring agreement

Beltone Holding announced that its subsidiary, Beltone Leasing and Factoring, has signed a leasing and factoring agreement with Madkour Group, totaling EGP 400 million. The agreement includes a sale and leaseback arrangement for Madkour Group’s administrative unit assets at the “Zizinia” project in New Cairo, valued at EGP 300 million. Additionally, it provides EGP 100 […]

Africa Algeria Columns Headlines International Maghreb Morocco

Morocco expels Polisario from African Chess Confederation, another blow to the separatists & Algeria

The Algerian regime and its Polisario puppet have suffered another embarrassing setback on the international scene after the African Chess Confederation cancelled the membership of Polisario during a meeting held on the sidelines of the International Chess Federation (FIDE) congress organized Sept. 20-22 in Budapest, Hungary. The African Chess Confederation is based in Algiers and […]

Americas Headlines International Maghreb Morocco

Sahara: Saint Kitts & Nevis reiterates steadfast support for Morocco’s autonomy plan

The Government of Saint Kitts and Nevis has reiterated strong support for the autonomy plan offered by Morocco for the Sahara under its sovereignty, saying this plan is the only credible, serious and realistic solution for the resolution of the Sahara regional conflict. The supportive stand was voiced by foreign minister of this Caribbean country […]

Africa Emerging Markets Headlines International Morocco

Sustainable Development: Morocco shares its experience with Senegal

Morocco will share its experience with Senegal in sustainable development and energy transition under an agreement inked Monday in Rabat by the two African brotherly countries. The agreement provides for the know-how transfer, technical assistance and the development of joint projects in good governance in sustainable development governance, climate change, eco-waste management and circular economy. […]

Asia Headlines International Morocco

UN: Morocco’s King puts Palestinian cause at top of Kingdom’s priorities

Morocco has placed the Palestinian issue at the same level as its first national cause and has made it at the top of its foreign policy priorities, said Moroccan foreign minister Nasser Bourita. Addressing the ministerial meeting of the Non-Aligned Movement (NAM), held Monday on the sidelines of the UN General Assembly convening in New […]

Headlines Libya

Libya has reserves of foodstuffs enough for 3 months

On September 23, Mohammed Al-Huwaij, the Minister of Economy in the Government of National Unity, assured the public that Libya maintains a strategic reserve of essential food supplies sufficient for at least three months. He also announced that letters of credit would be opened within the week to facilitate the import of these goods. Al-Huwaij […]