UAE and Morocco Sign Agreements to Strengthen Banking Cooperation

The Central Bank of the United Arab Emirates and Bank Al-Maghrib have signed two memoranda of understanding aimed at deepening cooperation between the two countries’ financial sectors.

The agreements cover banking supervision and Islamic finance, establishing a basis for closer coordination between the central banks in these areas.

They also seek to connect payment systems and financial messaging networks, with the aim of improving the efficiency of cross-border financial transactions between the UAE and Morocco.

Together, the memoranda are intended to reinforce bilateral cooperation while supporting closer links between the two countries’ banking and payment infrastructure.