(The following statement was released by the rating agency) HONG KONG, April 07 (Fitch) Fitch Ratings has affirmed Morocco’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at ‘BBB-‘ with a Stable Outlook. The issue ratings on Morocco’s senior unsecured foreign- and local-currency bonds have also been affirmed at ‘BBB-‘.
The Country Ceiling has been affirmed at ‘BBB’ and the Short-Term Foreign- (more…)
By Samia Errazzouki
Morocco’s Credit Immobilier et Hotelier (CIH) bank is positioning for growth as the North African country prepares to introduce a more flexible exchange rate system and expand its Islamic banking sector, its chief executive said.
As part of financial reforms, the kingdom is preparing to introduce a flexible exchange rate system this year, including possibly widening the official bands for fluctuation of the dirham by around 5 percent as a first phase. (more…)
Morocco’s economy grew by 4.3 percent in the first quarter of this year compared with 1.7 percent in the same period a year earlier, the official High Commission for Planning said on Thursday.
The commission said in a note on the Moroccan economy that this growth was mainly due to the rise in agricultural output by 12.9 percent in the first quarter this year, up from nine percent last year. (more…)
The North Africa Post
Morocco was ranked in 2016 fourth in world destination per flights to or from European airports after the United States, Russia and the United Arab Emirates, said Euronews.
In an article on the increasing airport security cooperation between Morocco and Europe, Euronews shed light on the importance of Casablanca’s airport as a hub that hosted 8 million passengers in 2016 and as a bridge between Europe, Africa and Latin America. (more…)
Tour Operator Shoretrips Lisa Iannucci
Travelers who take excursions to Morocco often do so to visit the popular cities of Marrakesh and Casablanca.
However, not to be missed is a city that is located two hours away from Rabat, the capital of Morocco. Here lies the ancient city of Volubilis, where the ruins of the once Roman rule now stand. (more…)
This article first appeared on the American Enterprise Institute site.
The European Union’s leadership, bitter over the British government fulfilling the democratic mandate of its public to exit the European Union, has given Spain veto power over any future relationship between Gibraltar, a British territory, and the European Union.
Spain has long resented British possession of Gibraltar, which an Anglo-Dutch (more…)
By Dominic Midgley
It is a tiny coastal enclave, part of a foreign state, surrounded by the country that lost it hundreds of years ago.
As its economy is much healthier than its neighbour, thousands of workers flock across its border every day to work.
And the nation on whose land mass it sits has been desperate to get it back for centuries but the vast majority of the population are virulently opposed to the idea. Sound familiar? (more…)
Voice of America
Morocco’s new Prime Minister Saad Eddine El Othmani, center, gives a news conference next to Driss Lachgar, left, of the Socialist Union of Popular Forces party (USFP), Aziz Akhannouch, second left, of the National Rally of Independents (RNI), Mohamed Nabil Benabdallah, third right, of the Progress and Socialism party (PPS), Mohammed Sajid, second right, of the Constitutional Union (UC) party, and Mohand Laenser, right, of the Popular Movement, in Rabat, Morocco, March 25, 2017. (more…)