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Keywords: Reserves
The Moroccan dirham experienced a minor depreciation of 0.2% against both the Euro and US dollar during the period of January 30 to February 5, according to Bank Al-Maghrib (BAM). This modest decline follows a period of exchange rate stability in the previous week. The central bank's weekly bulletin......
The Moroccan dirham demonstrated varied performance in foreign exchange markets during January 16-22, appreciating 0.6% against the US dollar while declining 0.5% against the euro, according to Bank Al-Maghrib (BAM). During this period, BAM reported no currency auction operations in the foreign exchange......
Iraq has announced the discovery of over two billion barrels of oil reserves located to the east of Baghdad. The announcement was made by the country’s state-run Central Oil Company. This new find is part of Iraq's ongoing efforts to boost its oil production capacity. Earlier last year, Iraq......
Morocco’s agricultural dams currently hold 3.71 billion cubic meters of water, representing a 26% filling rate, according to Ahmed El Bouari, the country’s Minister of Agriculture. The update was provided during a recent parliamentary session, where El Bouari highlighted the government’s......
Pakistan has unveiled a significant gold discovery in the Attock district, with reserves estimated at 32.64 tons valued at approximately 800 billion Pakistani rupees (USD 2.87 billion). The announcement came from former Punjab Mining Minister Ibrahim Hasan Murad, following extensive geological surveys......
The Moroccan financial landscape showcased mixed signals in the final days of 2024 and early 2025, with the dirham experiencing a modest decline while foreign reserves demonstrated notable strength. The national currency recorded a 0.5% depreciation against the US dollar and a 0.6% decline against the......
Morocco's water situation has taken a positive turn as dam reserves across the country reached a filling rate of 28.44% as of January 2, 2025, according to recent data from the Ministry of Equipment and Water. This marks a notable improvement from the 23.27% recorded during the same period last year. The......
The International Monetary Fund (IMF) has approved the second review of Sri Lanka's $2.9 billion bailout package, marking a crucial step for the island nation’s recovery. Despite signs of stabilization, the global lender cautioned that Sri Lanka’s economic outlook remains fragile and......
In a significant development for the energy sector, SDX Energy has announced its plans to embark on an ambitious exploration journey in Morocco. The company, known for its expertise in the field, is set to unlock the country's hidden energy reserves, offering a glimpse into a promising future for......