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Keywords: Economy
President Donald Trump dismissed Erika McEntarfer, the Bureau of Labor Statistics (BLS) commissioner, following a disappointing July jobs report showing only 73,000 new jobs created. The move, which has sparked criticism from economists and political analysts, comes amid a broader wave of investigations......
Morocco’s unemployment rate fell to 12.8% in the second quarter of 2025, down from 13.1% during the same period last year, according to figures released by the High Commission for Planning (HCP). This marks the first decline after several quarters of rising unemployment, driven largely by job creation......
The Casablanca Stock Exchange recorded a positive performance for the week of July 28 to August 1, 2025. The MASI, the market’s main index, rose by 0.85% to close at 19,570.63 points. The MASI 20, which reflects the performance of the 20 most liquid stocks, gained 0.92% to 1,609.11 points. Meanwhile,......
During the period from July 24 to 29, 2025, the Moroccan dirham appreciated by 0.6% against the euro and depreciated by 1% against the US dollar, according to Bank Al-Maghrib (BAM). In its latest weekly indicators bulletin, BAM reported that no foreign exchange auctions were conducted during this time.......
Morocco has solidified its position as a leading destination for mining investment, ranking first in Africa and 18th globally in the 2024 Annual Survey of Mining Companies by Canada’s Fraser Institute. This ranking underscores Morocco’s competitive edge in mineral potential and government......
Bank Al-Maghrib (BAM), Morocco’s central bank, concluded 2024 as one of its most profitable years, recording a net profit of MAD 6.46 billion. This marks a 27% increase compared to the MAD 5.1 billion reported in 2023, despite rising operational expenses and economic challenges. Key drivers of......
The Port of Beirut recorded a major milestone in July 2025 by handling nearly 100,000 standard containers (TEUs), marking its highest monthly activity since 2019. This achievement highlights a notable rebound in port operations after years of disruption due to Lebanon’s economic crisis and the......
The U.S. labor market showed clear signs of weakening in July, with the unemployment rate rising to 4.2%, according to official figures released on Friday. This marks a concerning development for the world's largest economy, as job creation has slowed significantly in recent months. Only 73,000......
Morocco’s tax amnesty program significantly slowed the growth of cash in circulation in 2024, according to Bank Al-Maghrib’s (BAM) annual financial report. The initiative, launched by the General Directorate of Taxes, reduced the growth rate of banknotes and coins in circulation to 8%, down......