馃嚥馃嚘MoroccoNorth Africa
Saudi Arabia condemns thwarted terrorist plots in Morocco
via Le Matin1 min read
Saudi Arabia's Ministry of Foreign Affairs issued a statement on July 7, strongly condemning the terrorist plots aimed at undermining public order and the security of people and property in Morocco. The Kingdom of Saudi Arabia reaffirmed its solidarity with Morocco, its government, and its people, while reiterating its complete rejection of all forms of terrorism, extremism, and attempts to destabilize the Kingdom's security and stability. Riyadh also commended the Moroccan security services for their effective efforts in quickly thwarting these terrorist plans, expressing hope for Morocco's continued security, stability, and prosperity. The BCIJ had previously announced that it foiled terrorist plans at an advanced stage of preparation, based on precise information provided by the Directorate General of Territorial Surveillance DGST. These plots reportedly received logistical and operational support from the Sahel branch of the "Daech" terrorist organization.
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This summary was AI-generated from a story originally published by Le Matin.
Morocco's National Electricity Regulatory Authority ANRE has chosen Deloitte Finance to provide technical assistance for a tariff reform, with a contract valued at 3.9 million dirhams. This initiative is crucial for the future of the Moroccan electricity sector, aiming for new tariffs to be implemented by March 1, 2027. The reform seeks to ensure the long-term viability of public electricity services through clear, predictable tariffs, incentivize economic efficiency by reflecting real costs, and create a stable framework to attract investors in electrical infrastructure. It also aims to harmonize tariff approaches and identify mechanisms to leverage network flexibility and energy storage systems. Deloitte Finance will review methodologies and levels for five components of the national tariff system, including the National Electricity Transmission Network Use Tariff TURT and the remuneration of system services TSS. The mission will span ten months, divided into four phases: a one-month framing phase, a two-month diagnostic phase, a four-month phase for defining methodological approaches, and a three-month final phase for tariff calculation. This tariff reform is part of a broader vision for ANRE to become a regulatory authority for the entire energy sector, including natural gas and hydrogen, with the new electricity tariff system serving as a methodological and regulatory reference for other energy sectors.
Kuwait's Ministry of Foreign Affairs announced its solidarity with Morocco following an operation by the Central Bureau of Judicial Investigations BCIJ. This operation successfully thwarted terrorist plots attributed to extremists supported by the Sahel branch of the "Daech" organization. Kuwait condemned these plots, which aimed to undermine the security, stability, and safety of citizens and residents in the Kingdom. The Kuwaiti diplomacy reaffirmed its support for all measures taken by Moroccan authorities to protect the country's security, sovereignty, and stability.
The International Finance Corporation IFC has approved and signed a $15 million senior loan with the Arrawaj Foundation for Inclusive Finance, Morocco's third-largest microcredit association. This financing, awaiting disbursement, has a maximum maturity of five years with a one-year grace period and can be denominated in US dollars, euros, or Moroccan dirham equivalent. Funded through the IFC's MSME Finance platform, the loan will be exclusively used to provide credit to micro and small enterprises across Morocco. The IFC's strategy prioritizes very small enterprises and women entrepreneurs, aiming to help Arrawaj expand its reach in these segments, particularly given the regulatory changes and the significant barriers women face in accessing finance. The IFC's involvement offers two key benefits: risk management, by diversifying Arrawaj's funding sources, and knowledge transfer, through a technical assistance program covering product development, risk management, internal skills, and strategic planning. This program is designed to prepare Arrawaj for its expansion into the very small enterprise segment and adaptation to the new regulatory framework. Beyond its direct impact on Arrawaj and its clients, the IFC anticipates positive effects on the broader Moroccan microfinance sector, including enhanced market discipline, a wider range of financial products, and improved overall sector efficiency. Founded in 1996 as "Fondep," Arrawaj is a leading microfinance institution in Mor