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Keywords: Euro


Euro's potential rise amid shifting global economic landscape

European Central Bank President Christine Lagarde recently underscored a significant transformation in the global economic order, one that has relied heavily on the leadership of the United States and the dominance of the US dollar. Speaking at the Hertie School in Berlin, she articulated concerns over......

Morocco successfully issues €2 billion international bond

The Kingdom of Morocco announced on March 26, 2025, the issuance of a €2 billion bond on the international financial market in two tranches, as reported by the Ministry of Economy and Finance. The first tranche, with a maturity of four years, amounted to €900 million and was issued at a spread......

Morocco secures €2 billion in euro bonds for World Cup 2030 preparations

Morocco has successfully raised €2 billion ($2.2 billion) in euro-denominated bonds, marking its first eurobond sale in five years. This significant financial move attracted bids totaling over €6.75 billion, surpassing initial expectations by €500 million. The funds will primarily support......

Morocco eyes €1 billion euro bond sale amid falling yields

Morocco is preparing to tap international debt markets with a new euro-denominated bond issuance, its first since 2023, to help finance an ambitious infrastructure development program ahead of co-hosting the 2030 FIFA World Cup. Finance Minister Nadia Fettah Alaoui emphasized the country's current......

OMODA E5: The All-Electric SUV Arrives in Morocco

CFAO MOBILITY has officially introduced the new OMODA E5, a fully electric SUV, at the Green Impact Expo & Summit 2025 in Casablanca. Designed for environmentally conscious drivers, the OMODA E5 boasts a 430 km range, cutting-edge technology, and a 5-star Euro NCAP safety rating. A Futuristic and......

Morocco emerges as a key partner in EU-Mediterranean dialogue, youth take center stage

In a landmark gathering in Rabat, Morocco has been hailed as a pivotal player in fostering Euro-Mediterranean cooperation, with a strong emphasis on youth-driven solutions to regional challenges. The event, hosted by the European People’s Party (EPP) Youth wing, marked the first time the annual......

Currency market performance: Dirham appreciates against the dollar

From January 16 to January 22, 2025, the dirham appreciated by 0.6% against the US dollar and depreciated by 0.5% against the euro, according to Bank Al-Maghrib (BAM). During this period, no foreign exchange auction operations were carried out, as highlighted in BAM's weekly bulletin. As of January......

UK Rules Out Joining Pan-European Trade Agreement

The UK government has firmly rejected the possibility of joining a pan-European trade agreement. This statement came in response to comments from European Union Trade Commissioner Maros Sefcovic, who suggested that the UK could consider joining the Pan-Euro-Mediterranean Convention (PEM) as part of a......

Appreciation of the Dirham and Market Trends (January 02-08, 2025)

Between January 02 and 08, 2025, the Moroccan dirham showed a positive trend, appreciating by 1.4% against the euro and 0.6% against the US dollar, according to Bank Al-Maghrib (BAM). During this period, no foreign exchange operations were conducted, as highlighted in BAM's weekly report. As of......