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  • News: Headlines from the Moroccan Press: Friday, July 21, 2017

News: Headlines from the Moroccan Press: Friday, July 21, 2017

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LE MATIN DU SAHARA:
2016 Report on Financial Stability: The Financial Market Still Resists the Rising Risks: "The financial sector is resilient in spite of an unfavorable macroeconomic context and a relative rise in risk. Indeed, the banking sector faces a decrease in its interest margin and an increase in its cost of risk, at a time when the capital market remains stable, with a high valuation of the stock market and a structurally weak liquidity."

Fight Against Dropout: UNICEF and the Directorate of Non-Formal Education Launch a New Study: "Launched in 2006, the "Child to Child" and "Caravan of Social Mobilization" operations, which fall within the framework of measures of fight against school dropout, are no longer as effective as a few years ago."


L'ECONOMISTE:
Unpaid Banking: Who Is Right? : "On Thursday, July 20, the Central Bank delivered its diagnosis on the banking sector. But, a question trotted in the heads: what banks have speculated on the dirham and what do they incur as sanctions? The collapse of foreign exchange reserves cannot be attributed solely to foreign trade. "This is an issue that is being dealt with at a high level," indicated the executives of the directorate of the banking supervision at Bank Al-Maghrib."

AMO of Self-Employed in the Waiting Room: "The 11 million people eligible for self-employed health insurance must still arm themselves with patience, pending the effective implementation of the regime. The law was published in the Official Bulletin of July 13, but it will be necessary to wait for a battery of texts of application for the regime to be effective. This concerns aspects as crucial as the development of lists of beneficiaries by category, the setting of contributions or the basket of covered benefits. The government is not in a hurry at all."


AL BAYANE:
Baby Diapers: Imanor More Demanding: "After the shocking and disturbing revelations last January of the French magazine "60 Millions de Consommateurs" on the existence of toxic or even carcinogenic substances in baby diapers, the Moroccan Institute of Standardization (IMANOR) goes on the offensive. Imanor aims to clean up this market, especially as the revelations of the magazine pinned some brands of baby diapers sold in Morocco, among others Pampers. The standardization body has decided to review the Moroccan standard NM 04.4.015 relating to baby diapers and to update it. From now on, the diaper brands will no longer only have to fulfill the functional requirements, the marking of diapers or the testing methods to be sold in the national market, as foreseen in the first version of standard NM 04.4.015 published in 2000."

Addoha Invests 320 Million Dirhams in Casablanca: "Before starting the last straight line of the Cash Generation Plan (PCG), the real estate group Addoha proceeds the acquisition of a high-potential land reserve in Casablanca city. Details. In the first half of the current year, the real estate group was able to reduce its net debt by 450 million Dirhams to bring the overall deleveraging to 3.6 billion Dirhams. Thereby, the net debt has passed from 9.3 billion Dirhams at the end of 2014 and to 5.7 billion Dirhams at the end of June 2017. Finally, the debt ratio was reduced from 80% to 48% over the same reference period."


LIBERATION:
The Participatory Approach in Service of the Implementation of the Official Character of Amazigh: Habib El Malki Democracy Must Be Cultural, Intellectual, Linguistic, and Human: "The Commission of Education, Culture, and Communication in the House of Representatives has organized, last Wednesday, in partnership with the Ministry of Culture and Communication, a study day on draft organic law No. 16-26 concerning the implementation of the official character of Amazigh. "It is recognized that all the organic laws stipulated by the 2011 Constitution, and a large part of which has been definitively adopted, are of paramount importance," assured the President of this House in his address at the beginning of the study in which also took part NGOs defending Amazigh culture and language."

Abdelkrim Benatiq Young Moroccans of the World, You Are the Future of This Country: 9th Edition of Summer Universities in Tetouan: "The Deputy Minister in charge of Moroccans residing abroad and the Migration Affairs, Abdelkrim Benatiq, has inaugurated on Monday the works of the 9th edition of the summer universities organized in partnership with the university Abdelmalek Saâdi from in Tetouan from July 14 to 23 to the benefit of 260 young Moroccans of the world."


AUJOURD'HUI LE MAROC:
Foreign Trade: 5,000 Exporting Companies Against Nearly 17,000 Importers: "The support program for first exporters, launched by the Secretary of State for Foreign Trade as part of its foreign trade development strategy for the period 2016-2020, ambition to redress the import-export imbalance through financial and technical support to first-time exporters, underlines the Secretary of State for Foreign Trade."

Bank Receivables Suffering: Bank Al-Maghrib Opens Pandora's Box: "Do not leave anything left to chance. This seems to be the credo of Bank Al Maghrib in the management of banking risks. The issue has become crucial since the international financial crisis of 2008, which pushed the institution to carry out a flood of reforms in prudential regulation over the last few years (capital requirements, monitoring of equity investments, etc.)."


Les Inspirations Eco:
Doing Business: Morocco Seeks Far: "The kingdom aims to be in the top 50 of the best performing countries in terms of business climate. To achieve this, CNEA adopted a plan of action 2017-2018 setting no less than 22 priority projects."

Financial Stability: Does Morocco Succeed in Its Stress Tests? : "The lengthening of payment terms, the exposure of banks to large debtors, a domino effect almost absent, the vulnerability of insurance companies in the event of a bank failure, the subsidiaries of banks abroad, the technological innovations... an overview of the main findings of the last financial stability report."

 

 

Crédit : IMPERIUM MEDIA

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