Morocco's net international reserves amounted to 227.6 billion dirhams until June 29, 2018, recording a 10.7% year-on-year increase, Morocco's central bank (Bank Al-Maghrib) said. During the week of June 28-July 4, Bank Al-Maghrib injected 62 billion dirhams. As for the interbank rate, it remained at 2.29%, while the average trading volume increased from 4.4 billion Dirhams the week before to 5.8 billion Dirhams, the source added. During the same period, the Dirham appreciated by 0.20%
Three Moroccan nationals were arrested on Thursday, 5th of July, by Bulgarian police for carrying fake documents, says Bulgaria’s Interior Ministry quoted by Focus news agency. The three individuals were detained at the Kapitan Andreevo checkpoint, bordering Turkey. They have given the authorities Italian ID cards and Italian resident permits which were «forged and sought through the Schengen system», said the same source. An investigation carried by the police revealed that
Moroccan World Cup football has reached a settlement with the victim killed in a car accident he was involved in last weekend in Marrakech, says Al Akhbar quoted by Le 360. Harit «offered the family a fairly significant amount of money», says the same source. «Negotiations were not easy and Harit’s lawyer managed to bring the two parties together». The same source quotes sports director Christian Heidel who reports that Harit had to «answer two or three
After participating to the 2018 World Cup, French coach who currently manages the Morocco national football team has been offered to run the Egyptian squad. Member of the Egyptian football federation Hazem met Hervé Renard and offered him a higher salary than the one he receives from the Royal Moroccan football federation, reports Egyptian media on Thursday. The French former footballer has also offers from the Algeria national team. However, on Monday, Renard denied the fact that
The Morocco-United Kingdom Strategic Dialogue was launched, on Thursday in London, by the signing of an agreement in the form of an exchange of letters. It was inked by minister of Foreign Affairs and International Cooperation, Nasser Bourita, and Secretary of State for Foreign and Commonwealth Affairs, Boris Johnson. On this occasion, Morocco and the United Kingdom recalled the depth of the relations that have united the two countries for 800 years, as well as their traditional
According to two reports conducted by G20 on Africa, Morocco needs to make more efforts to develop infrastructure.
FIFA president Gianni Infantino said he was feeling sad that African teams couldn’t make to the 2018 World Cup knock-out stages, reports BBC on Wednesday. «The World Cup is for the whole world and the African teams were very, very close at the end», replied Infantino when asked about what he felt when the continent left the international Tournament earlier than expected. «An Asian (team) made it - an African not - but I think they will be ready soon for the next
Morocco and the United Kingdom will hold their first session of the Strategic Dialogue on Thursday in London, chaired by minister of Foreign Affairs and International Cooperation, Nasser Bourita, and his counterpart, Secretary of State for Foreign and Commonwealth Affairs, Boris Johnson. The Moroccan delegation will also include Secretary of State for Foreign Affairs, Mounia Boucetta, and Secretary of State for Investment, Othmane El Firdaous, as well as other senior officials from various
Interviewed by Bloomberg, General Affairs Lahcen Daoudi announced that the government is to adopt a new plan, capping fuel prices. The procedure comes as Moroccans protest the high cost of living in a viral boycott campaign.
Minister of Industry, Investment, Trade and Digital Economy Moulay Hafid Elalamy inaugurated on Wednesday, 4th of July, in Casablanca two new aeronautical plants, says MAP. The first plant is an STTS aircraft painting facility, a SATYS French subsidiary and the second one is a logistics platform for the Société fronco-marocaine de logistique aéronautique (SFML), based in Nouaceur. Speaking during the inauguration, Elalamy said that the two facilities are part of the