Keywords: Banque


Morocco's Economic Resilience Tested: Mixed Sector Performance in Q2 2024

Morocco's economy faced a challenging landscape in the second quarter of 2024, with growth slowing to 2.4%, down from 2.5% in the same period last year. This slight deceleration masks significant shifts across various sectors, painting a complex picture of the nation's economic health. Primary......

MENA Youth Employment Summit 2024: Bridging Skills Gaps in a Changing Economy

Casablanca is set to host a crucial gathering aimed at tackling one of the Middle East and North Africa (MENA) region's most pressing issues: youth unemployment. The MENA YES! (Youth Employment Summit), organized by Education For Employment (EFE), will bring together over 200 participants from diverse......

Climate Change Threatens Morocco's Coastal Tourism: World Bank Warns of Significant Job Losses

Morocco's coastal tourism sector, a vital component of its blue economy, faces a stark challenge as climate change threatens to erode up to 32% of jobs by 2035, according to a recent World Bank report. The study, "Climate Change Impacts on the Blue Economy in Morocco: Prospects for Jobs in Coastal......

Morocco's Bank Al-Maghrib: A Bold Move to Cap Electronic Transaction Fees

In a significant development, Morocco's central bank, Bank Al-Maghrib, has taken a decisive step to regulate the fees charged for electronic transactions, setting a cap at 0.65% of the transaction value. This move, announced recently, aims to foster a more inclusive and accessible financial ecosystem,......

Morocco's Central Bank Maintains Interest Rates: A Balancing Act for Economic Recovery

In a strategic move to support the nation's economic recovery, Morocco's central bank, Bank Al-Maghrib (BAM), has decided to hold its key interest rate steady at 2.75%. This decision, announced on September 25, 2024, reflects a delicate balance between managing inflation and fostering economic......

Morocco's Economic Outlook: A Balanced Approach to Growth and Resilience

Morocco's economic trajectory is set to navigate a delicate path in the coming year, with the Bank Al-Maghrib (BAM) projecting a modest growth rate of 2.8% for 2024. This forecast, while indicating a slowdown from previous years, reflects a strategic approach to managing economic challenges and positioning......

Banker's Best Friend: Pet Therapy Pays Off in Unlikely Settlement

In a heartwarming turn of events, a British court has ruled in favor of a banker's claim that his beloved pet Jack Russell, named 'Buddy', played a pivotal role in his recovery from a debilitating leg injury and subsequent depression. The ruling, which has sparked both curiosity and controversy,......

Egypt's Soaring Interest Rates: A Double-Edged Sword for Economic Growth

Egypt currently holds the distinction of having the highest interest rates among all Arab nations, with a staggering 27.25% set by its central bank. This monetary policy decision reflects Egypt's aggressive strategy to attract foreign investment in treasury bonds and bills, particularly in response......

Israeli Military's Controversial Actions: A Disturbing Incident Unveiled

An investigation has been launched by Israel's military authorities following the emergence of a disturbing video depicting its soldiers engaged in an appalling act during a raid in the occupied West Bank. The footage, captured in the town of Qabatiya, near Jenin, shows the bodies of three deceased......