- 14:36Maroc Telecom launches the 21st edition of the beach festival
- 14:05Dongfeng enters Morocco’s passenger car market with five new models
- 13:30Lebanese army shuts down smuggling routes in Qaa to bolster border security
- 13:04EU and South Korea seek urgent trade deals to avoid Trump’s looming tariffs
- 12:30 Explosion in Qom not linked to Israeli attack, Iranian media reports
- 12:04European stock markets stumble amid new US tariffs
- 11:30President Aoun urges UN support for the human academy for dialogue and encounter
- 11:02French TV icon Thierry Ardisson dies at 76 after battle with cancer
- 10:38Chelsea crowned club World Cup champions after dominant 3-0 win over PSG
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Economy
In a significant move aimed at enhancing cooperation in the social insurance sector, Morocco’s state-owned financial institution, Caisse de Dépôt et de Gestion (CDG), has entered into a Memorandum of Understanding (MoU) with Saudi Arabia’s General Organization for Social Insurance......
Minister of Economy Nadia Fettah Alaoui assured Moroccan citizens on Tuesday that the government's tax overhaul for 2024 will not diminish their purchasing power. Addressing concerns raised by the Supreme Audit Board before parliament, Nadia Fettah Alaoui confidently stated that the proposed VAT......
Morocco's automotive industry is experiencing rapid acceleration, evidenced by a remarkable 27% surge in exports in 2023, reaching $13.9 billion, as reported by the nation's foreign trade regulator. The North African kingdom has firmly established itself as a continental leader in car manufacturing,......
In 2023, remittances from Moroccan expatriates reached an all-time high of nearly 115.15 billion Moroccan dirhams ($11.5 billion), as reported by the country's Foreign Exchange Office. This figure marks a notable 4% increase compared to the previous year, underscoring the robust economic ties between......
Morocco's trade deficit, a longstanding concern, is displaying promising signs of improvement as the nation experiences a convergence of factors including a decrease in energy and food prices alongside an increase in export values. According to a recent report from Morocco's Office des Changes,......
In a move set to turbocharge Morocco's industrial sector, the Moroccan Agency for Investment and Export Development (AMDIE) has forged a groundbreaking partnership with the International Finance Corporation (IFC). This collaboration, aimed at enticing foreign investments and bolstering Moroccan companies'......
The Asia Pacific Group on Money Laundering (APG) is set to convene its annual meeting in Abu Dhabi, UAE, marking the first time the UAE will host this significant gathering. Scheduled from September 22 to 27, 2024, the event is anticipated to draw more than 400 officials and experts specializing in anti-money......
In a significant move towards sustainability, Morocco is charting a green course with its central bank spearheading the effort. Abdellatif Jouahri, the governor of Bank Al-Maghrib, Morocco's central bank, announced on Friday the ambitious goal of increasing the allocation of foreign currency reserves......
Morocco is solidifying its position as a leader in renewable energy with the imminent commencement of operations at its new wind turbine blade production facility. In a significant milestone, Chinese manufacturer Aeolon recently inaugurated the facility in the city of Nador, marking a monumental investment......
The enduring conflict between Morocco's largest transportation unions and the Ministry of Transport and Logistics persists, with the unions adamantly opposing proposed reforms to the regulations governing commercial road freight. Central to the disagreement are new stipulations outlined in a pending......
The Tangier Med port complex surged ahead in 2023, achieving a milestone by handling 8.6 million containers, equivalent to 95% of its designated capacity, as reported by Hassan Abkari, Managing Director of the Tangier Med Port Authority (TMPA), on Thursday. Abkari highlighted the remarkable feat, stating,......
The International Finance Corporation (IFC) is making a significant investment in Morocco's economic future, injecting $100 million into Crédit du Maroc to drive small business expansion and facilitate the country's shift towards renewable energy. This financial infusion, equivalent to......
The Moroccan government has received over 41,000 requests for financial assistance to buy homes since launching its housing support program on January 1st, spokesperson Mustapha Baitas announced today. Speaking at a press conference after the weekly Government Council meeting, Baitas revealed......