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Morocco eyes first Islamic bank launch in 2013
Foreign Islamic banks will be allowed to take up to 49 percent of Morocco’s first fully-fledged Islamic bank in 2013, as the country aims to become a regional financial hub, a government minister said on Monday.
The government will submit...
Euro crisis pushes Morocco to look for new markets
Morocco just concluded a flurry of trade deals with the European Union. Given Europe’s recent financial hurdles, however, Morocco may start vying for new markets.
Morocco may go for international bond
Morocco may tap the international bond market in 2012 after its current account deficit surged last year to the highest since the 1980s, although the country is not under pressure to borrow, government ministers said on Monday.
High speed rail project progress update
Morocco’s plan to construct a high-speed rail network is drawing mixed reviews, with some legislators and ordinary citizens saying the money is needed to meet other goals.
The project will cut travel times between Tangier and Casablanca...
