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Keywords: Economy


Trump fires labor official after weak jobs report, escalates investigations into opponents

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 drops slightly to 12.8% but challenges persist

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......

Casablanca Stock Exchange ends the week on a positive note

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,......

Key indicators from BAM: Dirham trends, market liquidity, and stock performance

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 emerges as Africa’s top mining investment destination

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 reports 27% profit growth in 2024, reaching MAD 6.46 billion

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......

Beirut Port handles 100,000 containers in July, a record since 2019

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......

U.S. job market slows as unemployment rises to 4.2%

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 slows cash circulation growth in 2024

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......