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- 13:55High hotel prices push Moroccan expats to vacation in Spain and Portugal
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Keywords: Treasury
In a stark financial revelation, Morocco's Treasury has reported a staggering budget deficit of MAD 21.1 billion ($2.1 billion) for February 2025. This figure marks a considerable increase from the MAD 3.8 billion ($0.38 billion) deficit recorded during the same period last year, highlighting a deteriorating......
Morocco’s treasury reports that customs revenues have demonstrated resilience in the early months of 2025, with net receipts reaching MAD 14.735 billion ($1.47 billion) by the end of February. This figure marks a 1.3% increase compared to the same period last year, showcasing the stability of Morocco’s......
Billionaire Elon Musk has rapidly expanded his influence within the U.S. government, triggering concerns among constitutional scholars and Democratic leaders. Since the inauguration of President Donald Trump, Musk, now leading the Department of Government Efficiency (DOGE), has implemented sweeping changes......
The Trump administration has introduced a plan offering financial incentives to two million full-time civilian federal employees to encourage voluntary resignation, aiming to significantly reduce the size of the U.S. government. Under the "deferred resignation program," eligible employees......
The Moroccan Treasury and External Finance Department (DTFE) has implemented a series of sophisticated financial operations, deploying MAD 8.4 billion ($820 million) in cash surplus investments on Friday. This strategic financial move, executed under the Ministry of Economy and Finance's oversight,......
The U.S. Department of Defense has added several prominent Chinese companies to its list of entities allegedly connected to China’s military. These include Tencent, the leading gaming and social media company, and CATL, the largest global electric vehicle battery manufacturer. Other companies listed......
Morocco's Treasury demonstrated remarkable market strength in its first auction of 2025, successfully raising over 700 million USD (MAD 7 billion), marking the most substantial issuance since February 2024. The January auction exceeded expectations, drawing more than 1.2 billion USD in total demand......
A recent cybersecurity breach targeting the U.S. Treasury Department has raised significant concerns, as officials attribute the attack to Chinese state-sponsored hackers. The breach, described by the department as a “major incident,” involved unauthorized access to unclassified documents......
U.S. President-elect Donald Trump has selected billionaire investor and hedge fund manager Scott Bessent to serve as Treasury Secretary, marking a critical appointment in shaping his economic agenda. The announcement comes during a wave of high-profile cabinet nominations following a withdrawal by Trump’s......