Keywords: Economy


Moroccan Mobile Market Mania: A Tale of Staggering Growth and Domestic Stagnation

Morocco's telecommunications industry is undergoing a significant transformation as the nation's mobile market experiences remarkable growth. By the end of 2023, mobile connections had soared to 55.9 million, according to a report from the Ministry of Economy and Finance. This represents a 5.6%......

The Moroccan Minister of Economy and Finance Leads Kingdom's Delegation at IDA Summit in Nairobi

In a testament to Morocco's dedication to advancing international development, Minister of Economy and Finance, Nadia Fettah Alaoui, is representing His Majesty King Mohammed VI at the 21st Summit of the International Development Association (IDA 21) in Nairobi, Kenya. The summit, jointly organized......

Morocco Primes for Next Phase of Exchange Rate Flexibility

In a move poised to further liberalize Morocco's economy, Finance and Economy Minister Nadia Fettah Alaoui has signaled the nation's readiness to advance to the next stage of its flexible exchange rate regime. In an interview with SkyNewsArabia on Monday, Alaoui spoke optimistically about the......

Cryptocurrencies and Tax Obligations in 2024: What You Need to Know to Properly Declare Your Gains

Bitcoin reached new highs in March 2024, surpassing $72,000. While this performance is excellent news for cryptocurrency investors, it also raises questions about the tax obligations associated with these digital assets. With the recent evolution of legislation governing the management of crypto-assets,......

Inflation in Morocco Hits Lowest Level in Eleven Quarters

According to the High Commission for Planning (HCP), inflation would have continued its downward trend to reach its lowest level in eleven quarters, standing at +1.1% in the first quarter of 2024, which is 2.7 points lower than the previous quarter. This easing of prices would have resulted from a marked......

U.S. Treasury Bond Yields Rise After Strong Jobs Report

U.S. Treasury bond yields rose on Friday after March employment data exceeded expectations. The yield on 10-year Treasury bonds increased by 7 basis points to 4.378%, while that of 2-year bonds rose to 4.715%. The U.S. economy added 303,000 nonfarm jobs last March, well above expectations, according......

Aziz Akhannouch to Present Midterm Government Balance

Prime Minister Aziz Akhannouch will present the midterm balance of his government after the opening of the spring session of Parliament, which is scheduled for this Friday, April 12. This was announced by the majority parties during a meeting held on Thursday in Rabat. The majority parties met on Thursday,......

Abdel Fattah Al-Sissi Begins Third Presidential Term in Egypt

Egyptian President Abdel Fattah Al-Sissi was sworn in Tuesday before Parliament for a third six-year term. Al-Sissi, who was first elected in 2014 and reelected in 2018, begins his third term as president of Egypt after winning the presidential elections in December with 89.6% of the votes. In a speech......

Baltimore Port Set to Reopen Following Bridge Collapse

The reopening of the Baltimore port, currently shut down following the collapse of the Francis Scott Key Bridge, will take place "as quickly as possible," assured Maryland Governor Wes Moore, as clearance operations have commenced. "It's not just about Maryland. It's about our......