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Keywords: Finance
The autonomous city of Ceuta faces severe financial instability due to mounting costs associated with caring for unaccompanied migrant minors, according to government spokesperson Alejandro Ramírez. The Mediterranean enclave's administration describes its current financial situation as "practically......
In a landmark achievement for Morocco's financial landscape, Lamia Merzouki, Deputy CEO of Casablanca Finance City (CFC), has been elected President of the World Alliance of International Financial Centres (WAIFC). This significant development was announced during the WAIFC's Annual General Meeting......
Morocco's tourism sector is experiencing a remarkable resurgence, with the country welcoming 11.8 million tourists by the end of August 2024. This impressive figure represents a 16% increase compared to the same period last year, according to data released by the Directorate of Financial Studies......
In a stunning turn of events, New York City Mayor Eric Adams finds himself at the center of a federal indictment, accused of engaging in a bribery scheme and illegal campaign financing practices. The indictment, unsealed on Thursday, alleges a web of corruption involving foreign sources and the misuse......
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,......
In a move poised to have a significant impact on the lives of millions of people across Africa, Morocco's leading phosphate producer, OCP Group, has secured a €100 million loan from the International Finance Corporation (IFC) to combat water scarcity and food insecurity on the continent. This......
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......
In a significant development that has sent shockwaves through Israeli society, nine soldiers stand accused of severely mistreating a Palestinian detainee, igniting a fierce debate about military conduct and accountability. The incident, which occurred at the Sde Teiman detention facility, has thrust......