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Spain phases out certain €50 banknotes due to counterfeiting concerns

The Bank of Spain has declared that starting in April, specific €50 banknotes will no longer be accepted as legal tender across the nation. While €50 and €20 notes remain widely used in Spain, this decision affects only those €50 banknotes that exhibit visible signs of tampering......

Casablanca Stock Exchange's MASI Surges Over 20% in Q1 2025

The Casablanca Stock Exchange's main index, the MASI (Moroccan All Shares Index), experienced a remarkable surge of 20.19% in the first quarter of 2025, concluding at 17,756.02 points. This impressive performance is a continuation of a strong start to the year, marked by a 2.13% rise on the very......

Israeli finance minister smotrich resigns from netanyahu's government

Israeli Finance Minister, Bezalel Smotrich, submitted his resignation on Monday through a letter addressed to Prime Minister Benjamin Netanyahu. A spokesperson for Smotrich confirmed that the resignation was a protest against the request by Itamar Ben Gvir, leader of the far-right Jewish Power party,......

Morocco enhances water security with new desalination plant in Sidi Ifni

The National Office of Electricity and Drinking Water (ONEE) has officially launched a new seawater desalination plant aimed at bolstering the drinking water supply for Sidi Ifni and surrounding areas. With an estimated 85,000 residents benefiting from this initiative, the plant is expected to alleviate......

Improving customer service in Moroccan banking: BAM and GPBM join forces

Bank Al-Maghrib (BAM), Morocco’s central bank, has initiated a collaboration with the Moroccan Professional Group of Banks (GPBM) aimed at enhancing customer satisfaction within the banking sector. This decision stems from a noticeable increase in complaints regarding service quality at bank branches......

Morocco successfully issues €2 billion bond in international markets

Morocco has successfully executed an international bond issuance totaling €2 billion, marking its first such move since 2020. Sources close to the Ministry of Finance indicate that officials were still on site as initial details of the operation began to surface. To lead this issuance, Morocco......

Addressing Potential Conflicts of Interest in Mark Carney's Role Amid Allegations

Mark Carney, former board chair of Brookfield Asset Management, faces scrutiny over potential conflicts of interest regarding his financial holdings, particularly stock options in Brookfield, worth millions. Conservative Leader Pierre Poilievre recently raised concerns about Carney’s ties to China,......

Morocco's economic growth forecast: 3.6% in 2025

Morocco's economy is set to grow by 3.6% in 2025, an increase from 3.2% in 2024, according to the World Bank's latest economic report titled "Prioritizing reforms to boost the business environment." This optimistic projection comes despite the adverse impact of droughts on agricultural......

Mastercard's vision: Africa’s digital payments could reach $1.5 trillion by 2030

Africa's digital payments landscape is poised for remarkable growth, with projections indicating a surge to $1.5 trillion by 2030, as highlighted in a recent report commissioned by Mastercard and released by Genesis Analytics. Mastercard is spearheading initiatives aimed at enhancing digital adoption......