Asia Business Columns Emerging Markets Europe Headlines International Morocco

Respect for territorial integrity, salient theme in Russia-Arab cooperation forum

The Russia-Arab cooperation forum in Marrakech urged full respect of the sovereignty and territorial integrity of states and urged non-interference in domestic issues. This came in the final statement of the forum, attended by Russian Foreign Minister Sergei Lavrov and hosted by his Moroccan peer Nasser Boourita. Several states in the region struggle with the […]

Asia Emerging Markets Europe Headlines International Morocco

Russian-Arab ministers laud Morocco’s King role in defending Jerusalem

The Russian-Arab Cooperation Forum, held in Marrakech at the foreign ministers’ level, welcomed the key role played by King Mohammed VI, Chairman of Al Quds committee, in safeguarding the city of Jerusalem and supporting its people. The forum “supports the role of the presidency of the Jerusalem Committee and its efforts to counter the practices […]

Columns Emerging Markets Europe Headlines International Maghreb Morocco

Sahara: Moscow backs lasting settlement based on UN Security Council Resolutions

Russia’s Foreign Minister Sergei Lavrov said his country supports a lasting solution to the Sahara regional conflict based on the UN Security Council resolutions. Lavrov made the remarks at a joint press conference held Wednesday in Marrakesh following talks with Moroccan peer Nasser Bourita at the end of the 6th Russian-Arab Cooperation Forum. “We support […]

Asia Business Emerging Markets Europe Headlines International Morocco

Morocco calls for Russian-Arab Cooperation Forum to become effective, active strategic dialogue

Morocco has pleaded from Marrakech on Wednesday to make of the Russian-Arab Cooperation Forum a frame for effective and active strategic dialogue and for practical and fruitful partnership and for the creation of an “Economic and Cultural Forum” to go beyond the logic of classic diplomatic dialogue, towards innovative and concrete models of collaboration. The […]

Emerging Markets Finance Headlines Morocco

WB Supports Morocco’s Social Protection and Health Insurance with $500 Mln Funding

The World Bank has approved a new $ 500 million loan for Morocco which is stepping efforts to improve social protection and expand health coverage to include the most vulnerable populations who have been hit the hardest by Covide-19, drought, international conflicts, inflation, Al Haouz earthquake. “Morocco, like many other countries, continues to face a […]

Africa Asia Business Emerging Markets Headlines International Morocco

Sahara: Arab-African Chambers meetings in Dakhla, a slap in the face of Polisario & its sponsors

The Union of Arab Chambers and the Union of African Chambers opened this Wednesday in the city of Dakhla, pearl of Moroccan Sahara, a two-day economic conference, sending a strong message to the enemies of Morocco’s territorial integrity as the Arab and African meeting confirms the Moroccannes of the Sahara. The conference, held under the […]

Emerging Markets Finance Headlines Morocco

Morocco: Bill regulating crypto assets in the pipeline

Morocco is drafting a bill to regulate crypto assets in line with the recommendations made during the last G20 Summit, Governor of the central bank “Bank Al-Maghrib”, Abdellatif Jouahri, said Tuesday in Rabat. “The main objective of this legislation is to align Moroccan regulations with international standards concerning crypto assets according to a rigorous approach, […]

Finance Headlines Morocco

Morocco’s special earthquake reconstruction fund hits $2 bln milestone

The special fund launched to finance reconstruction efforts in quake-hit areas is about to hit the $2 billion milestone or 20 billion dirhams, central bank governor said. The earthquake that hit on September 8 claimed 3000 lives and shattered many villages in the western High Atlas. Up to Dec 15, the fund had 19 billion […]

Business Emerging Markets Energy Headlines

TotalEnergies unveils plan to invest $6bn in Nigeria’s energy sector

French energy giant TotalEnergies has unveiled a $6 billion investment plan spread across several years in Nigeria, just as the West African country is looking to cut down on red tape hindering investment in its oil and gas sector. Through this announcement, TotalEnergies has reiterated its commitment to investing in Nigeria’s oil and energy sector, […]

Emerging Markets Finance Headlines Morocco

Morocco’s central bank keeps key borrowing rate unchanged at 3%, sees growth at 3.2% in 2024

Morocco’s central bank kept its key rate unchanged at 3% in a context of easing inflation and improved growth rate. Inflation is seen dropping to 6.1% this year and 2.4% next year. In 2022, drought and imported inflation propelled inflation to 6.6%. Morocco’s central bank has decided to keep its key interest rate unchanged at […]