Month: March 2012

By Souhail Karam RABAT, March 27 (Reuters) – Morocco’s central bank on Tuesday cut its benchmark interest rate by 25 basis points, making its first rate move in three years after a sharp drop in agricultural output...

RABAT, March 27 (Reuters) – Morocco-based BMCE Bank posted a 4 percent rise in 2011 net profit as an increased market share in core banking and revenues from African markets helped it offset depressed stock market activity...

With the state spending billions of dirhams on subsidies, the Moroccan government is moving to reform the system to better serve the kingdom’s neediest citizens. By Siham Ali for Magharebia in Rabat – 27/03/12...