Morocco unveils reforms for freer capital movement

(Reuters) - Morocco will make it easier for local businesses to hold assets in foreign currencies and lend money to export clients from next month, as part of long-term plans to integrate its strengthening economy into world markets.

Finance Minister Fathallah Oualalou said the government would allow companies to hold 50 percent of their export income in foreign currencies, up from 20 percent previously, reducing their currency risks and foreign exchange costs.


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Morocco's largest fund CDG 2006 profit up 50 pct

(Reuters) - Morocco's largest fund Caisse de Depot et de Gestion (CDG) posted a 50 percent increase in net profit for last year, its managing director said on Tuesday.

Net profit rose to 2.48 billion dirhams in 2006 from 1.66 billion in 2005, Mustapha Bakkoury told a news conference.


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