Keywords: BANQUE


Ethiopia’s Bold Move: Ending 50 Years of Currency Control

In a historic shift, Ethiopia has ended its half-century-long control over the birr, its national currency. Driven by unmanageable debts and dwindling foreign reserves, this decision marks a significant turning point for the Horn of Africa nation. In July 2023, Ethiopia liberalized its exchange rate......

Transformative Desalination Efforts: Energy Recovery Secures $27.5 Million for Moroccan Water Projects

In a strategic move to address Morocco's pressing water scarcity, Energy Recovery, a US-based innovator in energy-efficient technologies, has secured $27.5 million in contracts for new desalination projects. These initiatives align with Morocco's ambitious plans to source half of its drinking......

Palestinian Fatality Resulting from Israeli Settler Attacks in the Occupied West Bank

In a distressing escalation of violence, the occupied West Bank witnessed a tragic incident as Israeli settlers launched a series of attacks on Palestinian villages, resulting in one death and several injuries. The event has ignited widespread condemnation and renewed calls for action to address the......

Digital Currency Dilemmas: Will Morocco’s E-Dirham Defy Global Trends?

As the world increasingly leans towards digital solutions, the concept of Central Bank Digital Currencies (CBDCs) has gained momentum. Yet, while some nations have ventured into this realm, success stories remain elusive. With Morocco poised to introduce the e-Dirham, questions arise about its potential......

Navigating the Path to Prosperity: Morocco’s Strategic Transition to High-Income Status

Morocco stands at a pivotal crossroads as it seeks to transition to high-income status. The World Bank’s 2024 World Development Report, titled “The Middle Income Trap,” outlines a comprehensive roadmap for over 100 middle-income nations, including Morocco, to achieve this ambitious......

Tensions Escalate as Israeli Crowds Enter Al-Aqsa Compound and West Bank Villages During Jewish Holiday

In recent developments that have heightened regional tensions, large groups of Israelis entered the Al-Aqsa Mosque compound in occupied East Jerusalem and several villages in the occupied West Bank during the Jewish holiday of Tisha B'Av. These incidents have sparked concerns about the delicate status......

Paris 2024: How the Olympics Energized France’s Economy

According to a Bank of France survey, the Paris 2024 Olympics are set to boost the country’s economic growth. The curtain fell on the Olympics this Sunday, August 11, 2024, with a grand closing ceremony at the Stade de France. Over 17 days, the global sports event captivated audiences, culminating......

Moroccan Firms Shine in Forbes Middle East 2024 Rankings

Morocco's corporate landscape has made a remarkable impact in the Forbes Middle East 2024 rankings, with four companies earning prestigious spots among the top 100 listed firms. Attijariwafa Bank Group: A Financial Powerhouse Attijariwafa Bank Group, under the leadership of Chairman and CEO Mohamed......

Urgent Reforms Needed for Morocco's Pension System Stability

In a recent critical assessment, the Financial Stability Report highlights pressing issues within Morocco's pension sector, necessitating urgent reforms to ensure its future viability. The report, a collaborative effort by Morocco’s central bank Bank Al-Maghrib (BAM), the Moroccan Capital Market......