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Morocco's Path to Embracing a Flexible Dirham Exchange Rate Amid Economic Stability

Morocco is on the brink of a significant transition, with its central bank, Bank Al-Maghrib (BAM), preparing to adopt a fully floating dirham exchange rate. This pivotal move is fueled by the nation's strengthening macroeconomic stability, supported by a reduced current account deficit, robust foreign......

Morocco Unveils Comprehensive Water Management Strategy to Combat Escalating Scarcity Crisis

In response to growing concerns regarding water scarcity, the Moroccan government has revealed a comprehensive strategy aimed at addressing the nation's escalating water crisis. Speaking on Thursday, spokesperson Mustapha Baitas assured citizens of the government's unwavering commitment to implementing......

Bank of Africa and Royal Air Maroc Introduce New Era of Travel Rewards

Bank of Africa (BOA) and Royal Air Maroc (RAM) have made a significant stride in reshaping the banking and travel landscapes with the launch of the innovative "Pay & Fly" rewards program. This groundbreaking initiative, unveiled this week, introduces three new co-branded Visa cards - Opale,......

Remittances to Morocco Reaches $910 Million in January 2024

In January 2024, data from the Office d'Échange, Morocco's foreign exchange regulator, revealed that Moroccan expatriate remittances stood at $910 million USD. While this indicates a slight 2.6% decrease compared to the same period last year, these inflows continue to surpass the five-year......

Unlocking Mile-High Rewards: Royal Air Maroc and Visa Soar with New Co-Branded Bank Cards

Royal Air Maroc passengers are about to embark on a journey filled with unparalleled benefits for their future travels. In a groundbreaking move, Morocco's leading airline has joined forces with Visa to introduce the nation's inaugural co-branded credit and debit cards, presenting an exclusive......

Moroccan Dirham's Stability Against Dollar, Euro Fluctuates Amid Central Bank's Weekly Auctions

The Moroccan dirham displayed a mixed performance against major foreign currencies last week, as per the latest data released by Bank Al-Maghrib (BAM), the country's central bank. While the dirham maintained its value against the U.S. dollar, it experienced a decline of 0.91% when measured against......

Enhancing Morocco's Water Sector with a €400 Million Investment

Morocco, facing its most severe drought in decades, is set to receive a substantial financial boost from the European Bank for Reconstruction and Development (EBRD). This article discusses the implications of the EBRD's €400 million investment in upgrading Morocco's water infrastructure......

Mosaic Communication: Double Accolades for Creative Campaigns and Event Excellence

Casablanca, Morocco - Mosaic Communication, a leading communications agency, received dual honors, clinching two prestigious "Etoiles" at the 7th edition of "Les Impériales", an esteemed annual awards gala uniting Morocco's advertising and marketing sectors. The agency's......

Challenges Persist for Morocco's Economic Growth Amidst High Inflation and Unemployment

Morocco's economic outlook remains moderate, but the nation grapples with persistent challenges of inflation and unemployment, hindering its socioeconomic progress, as noted by analysts. According to the Africa Development Bank, GDP growth is expected to increase from an estimated 3% this year to......