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EBRD and partners extend €65 million green financing to BMCI

BMCI is set to become the first bank in Morocco to receive a comprehensive €65 million Green Economy Financing Facility (GEFF) Plus package, marking the EBRD’s fifth partnership with the institution since Morocco became an investee economy in 2012. The European Bank for Reconstruction and......

Canada's plan to decrease economic dependence on the U.S.

Canadian Prime Minister Mark Carney has pledged to lower income taxes and increase infrastructure spending to reduce the country's economic reliance on the United States. In an electoral platform revealed on Saturday, the Liberal Party of Canada (LPC) promised to allocate 35 billion Canadian dollars......

Canada Ends Era of Close Ties With the US Amid Auto Tariffs

Canadian Prime Minister Mark Carney declared the end of the historically close economic, security, and military relationship between Canada and the United States following the announcement of new auto tariffs by President Donald Trump. Trump’s decision to impose a 25% tariff on vehicle imports......

Trump imposes 25% tariffs on cars, escalating trade conflict

U.S. President Donald Trump has introduced a 25% tariff on imported cars and automotive parts, marking a significant escalation in the ongoing trade war. During his announcement at the White House, Trump framed the tariffs as a necessary action to reclaim economic losses from foreign nations that have......

Canada: Prime minister Mark Carney to call early elections

Canada is facing a period of intense political turmoil, and Prime Minister Mark Carney is set to announce early elections on Sunday, scheduled for April 28. This comes against the backdrop of a trade war and escalating tensions with U.S. President Donald Trump. The political crisis in Canada has been......

Canada’s economy faces recession amid rising tariffs

Canada's economy is poised to enter a recession this summer due to tariffs imposed by the United States, according to a recent report from the Desjardins financial services group. Economists at Desjardins warned that the cumulative impact of these tariffs could trigger a recession as early as the......

King Mohammed VI congratulates Canadian Prime Minister Mark Carney

King Mohammed VI has sent a congratulatory message to Mark Carney following his appointment as Prime Minister of Canada. In his message, the Moroccan monarch extends his warmest congratulations and best wishes for success in Carney’s new role. The King highlights the longstanding friendship between......

Canada reassesses the purchase of American fighter jets

Canadian Prime Minister Mark Carney has called for a review of the planned acquisition of a fleet of U.S. fighter jets, according to the Ministry of Defense. The agreement made with Lockheed Martin and the U.S. government involves the purchase of 88 F-35 aircraft, costing approximately $85 million each. The......

Rachel Bendayan, a Canadian of Moroccan descent, appointed Minister of Immigration in Canada

In the recent Canadian cabinet reshuffle, Rachel Bendayan, a Canadian politician of Moroccan descent, has been appointed as the new Minister of Immigration, Refugees, and Citizenship. This significant appointment underscores her long-standing political career and highlights her prominent role within......