Fought on the 21st of July 1921, the Annual battle landed a glorious victory to the Berber combatants of the Rif. Suffering from the defeat, the Spanish called the battle «the Disaster of Annual».
Moroccan banks may face trouble with potential external shocks due to their weak asset quality and high risk appetite, according to Fitch Ratings. The credit rating agency, through a report issued on the 19th of July, suggests to reevaluate the strength of the Kingdom’s financial institutions. Details.
A Moroccan national, called Khalid Belfken has received 40,000 pounds for «unlawful detention». The 27-year-old detainee has a heavy criminal record, being convicted several times to prison by the British authorities.
A number of «Hirak» activists and citizens are set to participate to a march scheduled a week ago on the 20th of July 2017. Banned by the local authorities, security forces and locals in the city of Al Hoceima are getting ready.
Following the Gdim Izig trial, Amnesty International has published an article reacting to the verdict pronounced today by the Sale court. The organization states that the Moroccan court «marred by failure to adequately investigate torture claims».
Morocco is ranked 57th among the countries that are ready to change and evolve in the world. This was claimed by the 2017 Change Readiness Index, published every two years by Swiss firm KPMG. Ranking details below.
Warm-blooded animals that managed to survive mass extinction events lived in Morocco 222 million years ago. A study released yesterday suggests that a number of fossils found previously in the Kingdom belong to the first kind of mammals that were able to maintain body heat.
The Polisario Front announced on Monday the arrest of 19 Moroccans for smuggling and drug trafficking. Through its media outlets, the separatist movement is trying to draw attention away from the drug trafficking war that broke off earlier this month between Brahim Ghali and Mohamed Lamine Ould El Bouhali‘s gangs.
Several leading figures of the Hirak popular movement reacted on Monday night to the prohibition of a peaceful march, scheduled for Thursday the 20th of July in Al Hoceima. Among them, El Mortada Iamrachen who launched an appeal for Moroccans living abroad currently on holidays.
The process of floating the national currency has not been finalized yet. The central bank is still obligated to set a fluctuation band that would tie the value of the dirham through a managed float highly suggested by the International Monetary Fund. Announced as a potential 5% fluctuation band by the Head of the government, the CGEM alongside the GPBM both deem it higher than they had expected.
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