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New York Mayor Eric Adams: Indicted for Alleged Bribery and Campaign Finance Violations

In a stunning turn of events, New York City Mayor Eric Adams finds himself at the center of a federal indictment, accused of engaging in a bribery scheme and illegal campaign financing practices. The indictment, unsealed on Thursday, alleges a web of corruption involving foreign sources and the misuse......

Banker's Best Friend: Pet Therapy Pays Off in Unlikely Settlement

In a heartwarming turn of events, a British court has ruled in favor of a banker's claim that his beloved pet Jack Russell, named 'Buddy', played a pivotal role in his recovery from a debilitating leg injury and subsequent depression. The ruling, which has sparked both curiosity and controversy,......

Combatting Water Scarcity and Food Insecurity: OCP Secures €100m Loan from IFC

In a move poised to have a significant impact on the lives of millions of people across Africa, Morocco's leading phosphate producer, OCP Group, has secured a €100 million loan from the International Finance Corporation (IFC) to combat water scarcity and food insecurity on the continent. This......

Morocco's Strategic Cash Surplus Maneuvers

In a significant move, the Moroccan Treasury and External Finance Department, operating under the Ministry of Economy and Finance, has executed three substantial cash surplus investments totaling MAD 13.2 billion. The first transaction involved a repo investment valued at MAD 11 billion, spread over......

Morocco's Economic Rise: A Surge in Foreign Investments

Morocco is witnessing a significant boost in its economic landscape, fueled by a remarkable increase in foreign direct investment (FDI). Recent data from the Exchange Office under the Ministry of Economy and Finance highlights this upward trajectory. In the first half of the fiscal year, net FDI inflows......

Turmoil Erupts as Israel Grapples with Military Justice Dilemma

In a significant development that has sent shockwaves through Israeli society, nine soldiers stand accused of severely mistreating a Palestinian detainee, igniting a fierce debate about military conduct and accountability. The incident, which occurred at the Sde Teiman detention facility, has thrust......

Morocco's Islamic Finance Sector Expands, Driven by Real Estate Boom

In a significant development for Morocco's financial landscape, Islamic financing, known locally as participative financing, has experienced substantial growth in 2023. According to the latest report from Bank Al-Maghrib (BAM), the central bank of Morocco, the sector reached a total of MAD 21.4 billion......

Morocco Sets Sights on Robust Economic Expansion

In a bold forecast that has caught the attention of economic analysts, Morocco's Economy and Finance Minister, Nadia Fettah Alaoui, has unveiled an ambitious projection for the nation's economic growth. Speaking at a joint parliamentary session in Rabat, Fettah Alaoui announced that Morocco's......

ICSID Ruling: Moroccan State Prevails in SAMIR Oil Refinery Dispute

In a landmark decision on Monday, the International Centre for Settlement of Investment Disputes (ICSID) dismissed the majority of claims brought by Corral Morocco Holding against the Moroccan state concerning the SAMIR oil refinery case. The ICSID awarded Corral a modest $150 million in compensation,......