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Keywords: Economy
In a significant move, the Moroccan Treasury and External Finance Department, operating under the Ministry of Economy and Finance, has executed three substantial cash surplus investments totaling MAD 13.2 billion. The first transaction involved a repo investment valued at MAD 11 billion, spread over......
Morocco is witnessing a significant boost in its economic landscape, fueled by a remarkable increase in foreign direct investment (FDI). Recent data from the Exchange Office under the Ministry of Economy and Finance highlights this upward trajectory. In the first half of the fiscal year, net FDI inflows......
Despite facing a tapestry of challenges, Morocco's economy demonstrated resilience in 2023, achieving a 3.4% growth rate. This was detailed in the Bank Al-Maghrib's annual report, presented to King Mohammed VI on Monday. The report from Morocco’s central bank provided a comprehensive overview......
Morocco's economic landscape in 2023 painted a picture of resilience and adaptability, as the nation navigated through a complex web of global and domestic challenges. The World Bank's latest report sheds light on the country's economic performance, revealing a commendable 3.4% increase in......
In a landmark decision on Monday, the International Centre for Settlement of Investment Disputes (ICSID) dismissed the majority of claims brought by Corral Morocco Holding against the Moroccan state concerning the SAMIR oil refinery case. The ICSID awarded Corral a modest $150 million in compensation,......
In a testament to its economic resilience, Morocco is poised to witness a notable uptick in growth, with forecasts indicating a 3.2% expansion in the third quarter of 2024. This projection, an increase from the 2.9% growth recorded in the preceding quarter, underscores the nation's ongoing economic......
In a dawn address filled with hope and determination, Keir Starmer, the Prime Minister-elect of the United Kingdom, pledged to usher in an era of "national renewal" after his Labour Party's resounding victory ended 14 years of Conservative rule. With a commanding majority in the House of......
In its comprehensive assessment of the nation's economic performance during the first quarter of 2024, the High Commission for Planning (HCP) revealed a moderation in the growth rate of the national economy, which stood at 2.5% compared to 3.9% during the same period the previous year. Despite this......
In a significant move to bolster economic development across North Africa, the European Bank for Reconstruction and Development (EBRD) has announced a substantial $40 million investment in the newly established SPE REF III fund. This strategic financial injection, revealed on Thursday, underscores the......