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Keywords: Treasury


US sanctions target firms tied to Iranian oil sales, citing links to Quds Force

The United States has imposed sanctions on 22 companies based in Hong Kong and Turkey for their alleged roles in facilitating the sale of Iranian oil, according to the US Treasury Department. The measures, announced on Wednesday, aim to disrupt financial networks that support Iran's Islamic Revolutionary......

Trump Softens Stance on Tariffs amid Market Volatility

U.S. President Donald Trump has announced that his upcoming reciprocal tariffs will be lower than those imposed by other countries, aiming to ease concerns in global markets. Speaking at the White House, Trump emphasized that his trade measures, set for announcement on Wednesday, will be “kinder”......

Morocco's budget deficit swells to MAD 21.1 billion amid rising expenses and revenues

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 Customs Revenue Experiences Modest Growth in Early 2025

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......

Elon Musk’s expanding influence raises alarms over government oversight

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......

Trump Proposes Financial Incentives for Federal Employees to Resign

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......

Morocco's Treasury Executes Strategic MAD 8.4 Billion Investment Plan

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,......

US Expands List of Chinese Companies Linked to Military Ties

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 Auction Exceeds Expectations with $700 Million Bond Sale

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......