Morocco’s Central Bank Voted In Favour Of Keeping Interest Rates On Hold At Its Latest Policy Meeting On March 24
CPI FINANCIAL By Matthew Amlôt Morocco’s central bank voted in favour of keeping interest rates on hold at its latest policy meeting on March 24, keeping the base rate at 2.50 per cent. The bank had cut rates by 25bps at its previous two meetings, which are held on a...
Ross In Tindouf : What Is Behind The Polisario’s Odd Restraint?
Polisario Confidential by Khalid Ibrahim Khaled The restraint observed by the Polisario on the current visit of Christopher Ross in the Tindouf camps does not succeed to hide the embarrassment of the separatist front leaders regarding the UN mediator’s insistence,...
Morocco’s OCP 2014 Profit Falls On Lower Phosphate Prices
Reuters The world's leading phosphate exporter, Morocco's Office Cherifien de Phosphate (OCP) posted an 11.7 percent fall in 2014 net profit of 7.74 billion dirhams ($790 million) hurt by a fall in global prices. State-run OCP, a major earner of foreign currency for...
Police In Spain And Morocco Track Down Drugs Suspects
Euro Weekly News The Guardia Civil, working with the Royal Moroccan Gendarmerie, has arrested three suspected drug traffickers on the run from Spanish justice after fleeing the scene of a gunfight in which a gang member was killed in Guadassuar, Valencia in 2010....
Western Sahara : Christopher Ross’s Unannounced Visit To Tindouf
Sahara News by Ali Haidar The UN Secretary General’s Personal Envoy for Western Sahara, Christopher Ross, is paying this March 23-25 a new three-day visit to the Tindouf camps, the second of its kind since the beginning of 2015. No information was leaked about the...
UAE-Backed Wessal Capital Begins Work On Portion Of €530m Casablanca Revamp
The National Lucy Barnard A UAE-backed investment fund has started work on a €530 million (Dh2.13 billion) project to revamp the Moroccan city of Casablanca as the country taps billions of euros of funding from Gulf states. Wessal Capital, a vehicle comprising Abu...
Germanwings Crash: Moroccan Couple Among Victims
IANS By Indo Asian News Service A couple from Morocco was among the victims of the air crash in the French Alps on Tuesday, a Moroccan official said. The crash involving a German budget carrier killed all the 150 people onboard. Mohamed Tehrioui, 24, and Asmae Ouahoud...
Morocco Refiner Samir Posts Record 2014 Loss
Reuters Morocco's sole oil refiner Samir posted a record net loss of 3.42 billion Moroccan dirham ($349.7 million) in 2014, mainly due to the revaluation of inventory after oil prices fell. The company, controlled by Corral Petroleum Holdings, posted a profit of 300...
Morocco’s Central Bank Predicts Higher Growth Of 5 Per Cent In 2015 Amid Lower Energy Costs
Canada Business The Associated Press Morocco’s central bank predicts the country’s economy will grow 5 per cent in 2015 amid a string of positive indicators boosted by lower oil prices. The quarterly report by the Bank Al-Maghreb released Tuesday said growth would be...
Dutch Social Affairs Minister Talks Integration In Morocco Politics
Dutch.com Dutch social affairs minister Lodewijk Asscher begins a visit to Morocco on Tuesday to discuss integration and radicalisation issues, broadcaster Nos says. Asscher will meet the Moroccan prime minister Abdelilah Benkirane, various ministers, the human rights...