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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    Posted By Uma Rajagopal

    Posted on October 30, 2024

    Featured image for article about Top Stories

    RABAT (Reuters) – French President Emmanuel Macron told Morocco’s parliament on Tuesday the disputed territory of Western Sahara should be under Moroccan sovereignty, reiterating in person a statement made in July that paved the way for warmer relations with Rabat.

    WHY IT’S IMPORTANT

    France and Morocco have had a difficult relationship over the past three years. Paris, keen to control immigration from North African countries, angered Rabat by drastically reducing visas to its nationals in 2021.

    By backing Morocco on the Western Sahara issue, France is hoping to win Rabat’s goodwill on immigration issues that could impact other European countries – and win lucrative deals for French firms.

    KEY QUOTES

    ON WESTERN SAHARA:

    For France, this territory’s present and future fall under Morocco’s sovereignty,” Macron said to a standing ovation from Moroccan lawmakers. This position is what France will advocate to help Morocco in international organisations.

    This position is hostile to no one,” he added, referring to Algeria, which considers Morocco’s presence in Western Sahara an occupation.

    ON FRANCE’S COLONIAL PAST IN MOROCCO:

    “Our common history also has dark parts. The time came for unequal treaties, when hubris and the mechanical force of European countries imposed themselves around the world, and when, even disguised as a protectorate, Morocco did not escape the ambitions and the violence of colonial history.

    France broke into (Morocco), first through trade and financial deals, then by the treaty of Fez.

    ON IMMIGRATION:

    We can see this is also about mutual trust. Many French people have high expectations on this. We need more results.”

    ON SOCCER:

    There is one issue where we continue to fight. It’s football,” he said to laughter in the audience. Your players are a dream for our championships, they even reconcile (rival French soccer teams) Paris-Saint-Germain and Olympique Marseille.

    (Reporting by Michel Rose; editing by Mark Heinrich)

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