Daily Archives: September 28, 2020

Casablanca: Three Arrested for Fraud and Organization of Illegal Immigration Operations

Rabat – Policemen on Sunday arrested three people in Casablanca for fraud, organization of illegal immigration operations and human trafficking.   The suspects, aged between 36 and 56, were arrested following a complaint received by police services from three victims, National Police (DGSN) said in a statement. The suspects made their victims believe that they

Govt. Committed to Realistic, Alternative Measures to Support People with Cancer – Head of Govt.

Rabat – A set of realistic and alternative measures will soon be launched by the government for cancer prevention and treatment, as well as to support people suffering from this disease, Head of government Saad Dine El Otmani announced Monday.   In this regard, El Otmani received the representative of the petition for an anti-cancer

Morocco’s Official Reserve Assets Up 26.8%

Rabat – Morocco’s official reserve assets amounted to 299.1 billion dirhams until September 18, 2020, up by 26.8% compared to the same period in 2019, Morocco’s central bank (Bank Al-Maghrib) has said.   During the week of 17-23 September, Bank Al-Maghrib injected 106.2 billion dirhams. As for the interbank rate, it has remained at 1.5%,

IFC, OCP Africa Join Efforts to Strengthen Rice Sectors in Côte d’Ivoire and Millet in Senegal

Rabat – The International Finance Corporation (IFC), a member of the World Bank Group, has announced a partnership with OCP Africa, a subsidiary of OCP Group, the world leader in the phosphate and derivatives market, to strengthen value chains of rice in Côte d’Ivoire and millet in Senegal, and to help improve the living conditions

2021 Draft Appropriation Bill: Priority for Health and Education Sectors (Official)

Rabat – The 2021 Draft Appropriation Bill aims to give priority to the health and education sectors, by allocating an additional budget of 5 billion dirhams, announced, on Monday in Rabat, Minister of Economy, Finance and Administration Reform Mohamed Benchaâboun.   During his speech before the Committee on Finance and Economic Development at the House

2021 Draft Appropriation Bill: Almost 33 bln MAD of Additional Expenditure (Official)

Rabat – The priorities relating to the preparation of the 2021 Draft Appropriation Bill will require additional expenditure of around 33 billion dirhams, said Monday in Rabat, Minister of Economy, Finance and Administration Reform Mohamed Benchaâboun.   These priorities are related to the operationalization of the Royal guidelines (14.6 billion dirhams), the prioritization of the

2020 Finance Bill Execution: Revenues Down MAD 13 Bln by End of August – Minister

Rabat – The implementation of the 2020 Finance Bill has shown a MAD 13.8 billion decline in revenues by the end of August, which is equivalent to an 8.8% drop compared to the same time last year, said Monday in Rabat, Minister of Economy, Finance and Administration Reform Mohamed Benchaâboun.   As for tax revenues,