Staff Writer, Al Arabiya News
Morocco announced on Thursday its support and “complete solidarity” with Saudi Arabia after the Gulf kingdom began its operation “Decisive Storm” against the Houthis in Yemen, Al Arabiya News Channel reported.
“Morocco announces its complete and absolute solidarity with Saudi Arabia and its backing to Yemen’s legitimacy,” its foreign ministry said, adding that Riyadh has the right to “defend” itself against imminent threats. (more…)
Agence France Presse
RIYADH: Saudi Arabia said Thursday that five Muslim countries including Egypt and Pakistan want to participate in the Gulf-led military coalition against Shiite Houthi rebels who have seized large swathes of Yemen.
Together with Jordan, Morocco and Sudan, they have “expressed desire to participate in the operation” against the rebels, which the kingdom dubbed “Firmness Storm”, Saudi SPA state news agency said. (more…)
By Zakaria Choukrallah
Morocco, on guard against attacks like the Tunis museum massacre, prides itself on being a bastion against Islamist extremism with its anti-jihadist “FBI” and training of imams to preach tolerance.
More than 130 “terrorist cells” have been dismantled, 2,720 suspects arrested and 276 plots foiled since 2002, according to Abdelhak Khiame, director of the newly established Central Bureau of Judicial Investigations. (more…)
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, informed sources in Tindouf said.
The embarrassment is explained by the fact that neither the Polisario leaders nor the Algerian officials have convincing arguments to counter the UN mediator, the sources said. (more…)
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 Morocco, has been raising output in recent years to help offset a slide in prices. (more…)
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. Three others were injured in the crossfire. (more…)
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 purpose of this second trip to Tindouf, which is taking place only few weeks after the tour he conducted in mid-February and which had led him to Morocco, Tindouf camps, Algiers and Madrid. (more…)
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 million dirham in 2013. (more…)
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 buoyed by a strong agricultural season, increased industrial output and a 45 per cent drop in energy spending. (more…)
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 council and a number of experts to discuss radicalisation among Dutch youth of Moroccan origin.
‘It is always good to exchange views about subjects such as integration and how to stop youngsters travelling to war zones,’ a spokesman told the broadcaster. Asscher also plans to discuss treaties covering social benefits, Nos says. (more…)
The Moroccan central bank says it is planning an Islamic interbank market as the country prepares to launch islamic finances, bank chief Abdellatif Jouahri said on Tuesday.
Jouahri said islamic banks may also create agreements -wakala – with each other to ensure liquidity. (more…)
by Diego Minuti
Bureau has already carried out first anti-ISIS operation
The progressive deterioration of security conditions in Maghreb by jihadist or alleged jihadist groups is leading countries in the region to boost their investigative units and, in this perspective, Morocco has set up the Bureau central des investigations judiciaires. (more…)
Morocco’s BMCE Bank posted a 58 percent rise in 2014 net profit attributable to shareholders of 1.94 billion Moroccan dirhams ($195.63 million) on growth in its domestic and Sub-Saharan African markets.
However, profit was held back by provisions set aside to counter bad debt. Its risk costs reached 1.8 billion dirhams, up 37 percent. (more…)
by Paul Schemm
A militant cell in Morocco linked to the radical Islamic State group obtained its weapons through the Spanish enclave of Melilla, authorities announced on Monday.
Morocco’s new Central Bureau of Judicial Investigation on Sunday busted a multi-city militant network aimed at kidnapping military and political figures in this North African country. (more…)
By The Associated Press
Moroccan authorities have announced the dismantling of a militant network linked to the Islamic State group across nine cities that had been planning attacks.
The statement by the Interior Ministry Sunday didn’t specify how many were arrested, but said the network was present in several cities, including Agadir, Tangiers, Taroudant and Marrakech. (more…)