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Morocco sees sharp rise in bank cards but cash still dominates

The number of bank cards in circulation in Morocco rose to 22.6 million in 2024, marking a 12% increase compared to the previous year, according to the latest annual banking supervision report released by Bank Al-Maghrib. Despite this significant growth, cash withdrawals remain the main use of these......

Debunking the myth: Spain's cash withdrawal regulations explained

Viral social media posts have sparked a wave of misinformation regarding cash withdrawals in Spain, claiming that individuals will be fined as much as €150,000 for withdrawing €3,000 or more from an ATM. This sensational narrative has gained traction on platforms like X and Facebook, with some......

Spain's blackout prompts surge in demand for candles and radios

Local residents in Spain are increasingly turning to candles, cash, and battery-powered radios as they adapt to the lessons learned from a recent nationwide blackout. Following a massive power cut that affected the entire country, Madrid residents returned to work with a renewed awareness of the importance......

Morocco’s strides in social protection showcased at World Bank, IMF meetings

Morocco's advancements in social protection took center stage on Wednesday during the "MENA Social Protection Roundtable," a pivotal event at the World Bank and International Monetary Fund (IMF) Spring Meetings. Wafaa Jamali, Director General of Morocco’s National Agency for Social......

Marcom Edge shines at Impériales Week 2025 with bold achievements

During Les Impériales Week 2025, held from January 27 to February 2 in Casablanca, Marcom Edge once again showcased its prominence in Morocco’s communication and marketing sector. The event, themed "The Paradigm Shift – Business. People. Tech.", highlighted the transformative......

Morocco's Treasury Executes Strategic MAD 8.4 Billion Investment Plan

The Moroccan Treasury and External Finance Department (DTFE) has implemented a series of sophisticated financial operations, deploying MAD 8.4 billion ($820 million) in cash surplus investments on Friday. This strategic financial move, executed under the Ministry of Economy and Finance's oversight,......

Morocco's Record-Breaking Tax Amnesty Draws $10 Billion in Undeclared Assets

Morocco's latest tax amnesty program has concluded with exceptional results, attracting declarations of MAD 100 billion ($10 billion) in previously undeclared assets. This historic achievement marks a twentyfold increase compared to the 2020 amnesty results, significantly surpassing the government's......

Legal Battle Over Cash Giveaways: Musk's Controversial Voter Incentives Under Scrutiny

In a recent ruling, a Pennsylvania state judge has allowed Elon Musk to continue his cash giveaways to registered voters, at least for the time being. The billionaire, known for his support of Donald Trump, has been offering substantial cash prizes through his political group, America PAC, to incentivize......

Musk Faces Court Challenge Over $1 Million Election Giveaway Amid Controversy

Elon Musk has been summoned to court to address a lawsuit concerning $1 million payments made by his political campaign group, America PAC, aimed at voters in pivotal battleground states during the upcoming U.S. elections. The Philadelphia District Attorney, Larry Krasner, initiated legal action to halt......