First Independent Mena Newspaper
Morocco’s second largest bank, BCP, is said to be planning to allow in a major Asian bank as stakeholder in a bid to diversify its portfolio to Asia, Bloomberg reported. “The sale, which could be enacted through a cash injection, is the linchpin of a five-year strategy starting in 2021 that the Casablanca-based lender plans […]
US intelligence agencies have established a blacklist of individuals from around the world, including from Morocco, suspected of funding terrorist operations. The blacklisted are banned from accessing the US financial system. The CIA, the FBI, the US Treasury Department and the State Department coordinate their actions to hunt down a number of people from around […]
The cost of US wars in the Middle East and Asia was estimated at $5.6 trillion said The Watson Institute of International and Public Affairs at Brown University in a newly released study. The cost covers the US wars since 2001 in Afghanistan, Iraq, Syria, and Pakistan. According to the Wall Street Journal, that cost […]
Governor of Delaware, Jack Markell, will participate on Friday in the “Atlantic Dialogues” in Rabat, a conference on issues pertaining to Atlantic Ocean countries. The US governor will take part in a panel alongside with senior officials, business leaders, opinion shapers and the media from North and South America, Africa, Europe, and Asia. The three-day […]
Morocco is set to diversify its global partners with the recent joining of the Treaty of Amity and Cooperation (TAC) of the Association of Southeast Asian Nations (ASEAN.) The Moroccan Minister Delegate to the Minister of Foreign Affairs and Cooperation, Nasser Bourita, signed the ASEAN accession document on the side-lines of the 28th and 29th […]
Japan announced it will invest $30 billion in support of Africa’s economic growth and infrastructure over the next three years. The pledge was made by Japan’s Prime Minister Shinzo Abe at the Japan-Africa economic summit in Nairobi, as Tokyo competes for influence in the continent with the U.S., China and former European colonial powers such […]
The number of passengers at Mohammed V airport in Casablanca have grown by 4.47% in May compared to the same period last year, the national airport office (ONDA) said. Figures issued by the same office show that 707,790 travelers used the airport in May compared to 677,514 the same period a year earlier. Passengers on […]
Morocco’s central bank will start very soon granting permits to Islamic banks due to start operations in the North African Kingdom in 2017. So far several applications have been submitted to the Moroccan financial authorities for approval to open local branches. Among the applicants, two are from the Gulf region bidding to set up their […]
As international tourism grew by 4.4 pc in 2015 to reach a record of 1.2 billion arrivals, the number of foreign tourists dropped by 8 pc in parts of North Africa due to terrorism threats, according to latest figures released by the World Tourism Organization (WTO). Egyptian resort Sharm el-Sheikh in Egypt, where a Russian […]
Morocco will have its first Islamic bank next year, according to a statement made lately in Kuwait by governor by the central bank of the North African country Abdellatif Jouahri. Morocco will become thus the latest Muslim-majority country to develop a regulatory framework specific to Islamic finance after the parliament approved last year a bill […]