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Tag Archives: Morocco

Morocco loosens currency peg to attract investors

Morocco will loosen its currency peg in a long-awaited move aimed at strengthening its economy and avoiding financial imbalances that forced a slew of emerging nations into sharp devaluations. Bank al-Maghrib, as the central bank is known, will allow the dirham to fluctuate 2.5 per cent above or below its …

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Morocco hails Sweden’s U-turn on recognising Western Sahara

Morocco has praised Sweden’s decision not to recognise Western Sahara as an independent state, following months of diplomatic tensions over the Swedish stance on the disputed territory. “Sweden’s decision not to recognise the so-called Sahrawi Arab Democratic Republic [SADR] complies with international law and is consistent with the UN-brokered political …

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The Western Sahara conflict resurges after failure of the peace process

THE LEVANT NEWS EXCLUSIVE –By Dr. Haytham Mouzahem* — LAAYOUNE, Western Sahara — The Western Sahara issue has resurged to the forefront after the European Court of Justice decided on Dec. 11, 2015 [http://www.wsj.com/articles/court-annuls-eu-trade-accord-with-morocco-cites-western-sahara-issue-1449768327] to cancel a trade deal between the European Union (EU) and Morocco. The Polisario Front [Popular …

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