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Spain’s unique approach to migration and its economic success

From Madrid to Barcelona, Spain’s vibrant economy is evident in bustling restaurants, packed hotels, and a thriving service sector. Recognized by The Economist as the world’s best-performing economy in 2024, Spain’s success is attributed in part to a distinctive migration policy that......

Inflation surges to a peak not seen in nearly a year: official data reveals

Inflation has seen a surprising surge, reaching its highest point in almost a year, according to official data. The latest report from the Office for National Statistics (ONS) reveals that inflation has spiked to 3% in January, up from 2.5% the previous month. Economists had anticipated a smaller increase......

Morocco deepens financial markets with interbank forward market launch

Bank Al-Maghrib (BAM), Morocco’s central bank, has officially launched an interbank forward market for foreign exchange swaps and overnight index swaps (OIS) tied to the Moroccan Overnight Index Average (MONIA). This initiative, which began operations on February 19, marks a significant step in......

India faces economic strain as Trump’s tariffs complicate recovery

As Indian Prime Minister Narendra Modi prepared for his visit to the White House, U.S. President Donald Trump announced new reciprocal tariffs on key trading partners, adding pressure to India’s already struggling economy. During a joint press conference, Trump revealed that India would purchase......

6 Million Moroccans Embrace Cryptocurrencies Despite Strict Regulations

Morocco is witnessing a significant rise in cryptocurrency adoption, despite stringent restrictions imposed by the central bank on digital asset transactions. A recent report by the financial services platform "HelloSafe" highlights the increasing number of Moroccans engaging with cryptocurrencies,......

Morocco's currency market update: Daily dirham exchange rates

Bank Al-Maghrib has released the latest foreign exchange rates against the Moroccan dirham for Thursday, February 13, 2025. The rates include both buying and selling prices for major global currencies. The euro is trading between 9.8029 and 11.3925 dirhams, while the US dollar ranges from 9.3996 to......

Moroccan export support programs expand to reach broader business spectrum

The Moroccan Agency for Investment and Export Development (AMDIE) has broadened access to its flagship export support initiatives, working alongside the Ministry of Industry and Trade and the Moroccan Confederation of Exporters (ASMEX). The expansion introduces an open application system, creating new......

Visual arts contest spotlights youth creativity and environmental challenges

The Fondation Attijariwafa bank has announced the launch of the second edition of its national visual arts contest, #ImagineTaVille. This initiative underscores the foundation's commitment to supporting art and youth, aiming to foster emerging talent and encourage creative exploration of pressing......

Tanger Med posts record revenue of 4 billion dirhams in 2024

The Tanger Med port complex continues to experience strong growth, achieving a record revenue of 4 billion dirhams in 2024, marking a 10% increase year-on-year. In the fourth quarter alone, the port generated 1.016 billion dirhams, reflecting a 9% growth compared to the same period in 2023. The year......