Blog

News: Headlines from the Moroccan Press: Thursday, April 29, 2021

AUJOURD'HUI LE MAROC
Rate Cap: Banks to have their say:
The banking sector will be in the spotlight in the coming weeks. While the report of a fact-finding mission on the sector is almost finalized, the parliamentary committee in charge of finance will begin the examination of a bill on banks. In detail, the office of the House of Representatives has just transferred to the said committee the draft law No. 51.20 amending and supplementing the law No. 103.12 on credit institutions and similar organizations. Much awaited, this text introduces new provisions concerning the ceiling of credit rates...

The big show of industrial zones from December 14 to 16 in Tangier:
The northern region and in particular Tangier has experienced in recent years the development of several new industrial and free zones, allowing it to position itself as a destination of choice for investors. It is in this context that the city of the Strait will host, from December 14 to 16, the third Forum of industrial zones and their role in the attractiveness of investment and export development...


LE MATIN DU SAHARA:
Soon to have a legal framework, remote trials are set to last:
One year after the launch of the remote trials, the assessment is very positive, underline the main officials of the Moroccan judicial system. In this sense, they have just announced the preparation of a draft law on the digitization of civil and criminal proceedings that contains a set of innovations to ensure the legal framework of the remote trial...

European Parliament stresses strategic nature of EU-Morocco relations:
The European Parliament stressed, Wednesday, the strategic nature of relations between Morocco and the European Union (EU) and recommended more support to the Kingdom. In a discharge report on the implementation of the EU's general budget for the 2019 financial year adopted in plenary, the European Parliament considered that the funds allocated under the budgetary support programs and the Neighborhood Instrument have led to positive results in the context of cooperation with Morocco, "a long-standing neighbor and strategic partner..."


LES INSPIRATIONS ECO
Stocks, bonds, mutual funds... What you need to know:
The Moroccan Capital Market Authority (MCMA) has just published the second edition of its investor's guide, entitled "Understanding Financial Instruments and their Mechanisms." Aimed at the general public, the guide aims to make it easier for current and future investors to understand the basics of investing in the capital market...

Club Med. The village of Agadir is entangled in a social conflict:
The Club Med Group has anticipated the closure of its resort in Agadir, initially scheduled for the first quarter of 2022, the tourist establishment located on the seafront is entangled in a social and collective conflict. The social discontent settles and gains ground through the organization, Wednesday, of the first sit-in of the club's employees in front of this village-hotel put into service in 1965...


LIBÉRATION
The planet Earth is too badly treated. By his unconsciousness, Man is running to his end:
Every day spent on earth, humanity shoots itself in the foot. This is not about to stop. If the fight against global warming still divides and struggles to reach a consensus, the coronavirus crisis, on the other hand, has put everyone in agreement. It has been going on for a year. One would have bet that the pandemic would change mentalities...

President of National Assembly of Sao Tome and Principe reaffirms his country's support for Moroccan Sahara:
The President of the National Assembly of Sao Tome and Principe, Delfim Santiago Das Neves, reiterated, Tuesday in Rabat, his country's unwavering support for the Moroccan Sahara and the firm commitment of this legislative institution in favor of the Kingdom to defend its national causes in the various international forums...