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File photo showing an aerial view of Casablanca, Morocco, with the King Hassan II Mosque at the forefront. (Reuters)
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Undated file photo showing the front entrance of the Moroccan central bank, the Bank Al-Maghreb. (Reuters)
Morocco’s lower house of parliament approves Islamic banking law
Casablanca, Asharq Al-Awsat—Morocco’s lower house of parliament has approved a new banking law, which for the first time contains articles relating to Islamic banks, paving the way for a fledgling Islamic finance industry in the country after years of false starts....Caption:
Farmers pick strawberries, to be exported, in a field in the town of Moulay Bousselham in Kenitra province, Morocco, on March 15, 2014. (Reuters/Youssef Boudlal)
Moroccan agricultural conference discusses country’s “green plan”
Casablanca, Asharq Al-Awsat—Morocco’s Ninth National Agriculture Conference began on Wednesday in the city of Meknes as the European Union’s agriculture commissioner arrived in the country to meet with the Moroccan agriculture minister over potential changes to a...Caption:
Moroccan flag. (TOPSHOTS/AFP PHOTO/FADEL SENNA)
Bad debt problem “biggest threat” to Moroccan banks—Attijariwafa Bank chief executive
Casablanca, Asharq Al-Awsat—Mohamed El-Kettani, the chief executive of Morocco’s largest bank, Attijariwafa, has described a rising domestic bad debt problem as the “biggest threat” facing Moroccan banks. At the same time, however, he insisted that the problem has...Caption:
Morocco’s central bank governor Abdellatif Jouahari speaks to the media on September 24, 2013. (Reuters/Stringer)