Breaking 15:00 Morocco:BIM nears 1,000 stores and strengthens its international position 14:41 Chichaoua celebrates world theatre day with a vibrant artistic evening 14:17 Stronger fuel oversight in Morocco to protect consumers 13:57 Fes promotes mathematics as a pillar of scientific sovereignty at national event 13:17 Casablanca strengthens its global standing in financial centers ranking 13:00 Europe's energy crisis deepens as Iran war shockwaves spread across three continents 12:50 Hormuz shipping paralysis blocks a third of global fertilizer trade as food crisis deepens 12:40 Xbox's new CEO personally ended the "This is an Xbox" campaign to rebuild brand identity 12:30 FAO warns Iran war is triggering one of the fastest global food disruptions in years 12:20 Thailand secures deal with Iran for safe tanker passage through the Strait of Hormuz 12:10 IEA chief says Iran war energy crisis surpasses the oil shocks of the 1970s 11:50 Leiden scientists 3D-print brainless microrobots that swim and navigate without electronics 11:40 JPMorgan says Bitcoin has outperformed gold as a safe haven during the Iran war 11:30 TikTok pulls "Fruit Love Island" after AI fruit drama series hits 300 million views in 10 days 11:24 South korea and Ukraine coordinate on North Korean prisoners under humanitarian principles 11:20 Europe launches its largest ever venture capital fund of funds at 15 billion euros 11:00 Moroccan dirham strengthens against the us dollar amid stable financial conditions 10:50 Japan's Kikai supervolcano is actively refilling with fresh magma, study finds 10:48 Paris police thwart attempted attack outside bank of america branch 10:45 Kirsten Dunst joins Sydney Sweeney in the sequel to The Housemaid’s Secret 10:30 Paris mayor proposes halving representation allowance and eliminating arrondissement mayor funds 10:27 Microsoft posts worst quarterly drop since 2008 as Big Tech AI spending alarms investors 10:20 Asian airlines slash flights from April as jet‑fuel crisis bites 10:13 US-made landmines found near Shiraz kill civilians in first confirmed deployment in decades 10:04 Polish PM Tusk warns of imminent escalation in Iran war as conflict nears one month 10:00 EU trade commissioner discusses critical minerals and tariffs with US counterpart 10:00 Sony halts memory card orders as global chip shortage squeezes consumer electronics 09:55 HM King Mohammed VI congratulates Greece president on national day 09:50 JPMorgan adopte une position haussière sur le dollar pour la première fois depuis un an 09:49 Drones strike Kuwait airport again, causing major damage to radar system 09:45 Pope leon xiv begins brief visit to Monaco alongside Prince Albert II 09:30 United States migrant hubs: Cambodian migrant repatriated after transfer to Eswatini 09:29 Bank of America agrees to pay 72.5 million dollars to settle Epstein lawsuit 09:20 Young Spanish woman ends life via euthanasia after rape and paralysis 09:00 United States: police thwart attack plot targeting pro-Palestinian activist 08:50 An Italian researcher claims a second Sphinx lies buried beneath the Giza Plateau 08:45 Morocco strengthens oversight of fuel prices amid global market volatility 08:30 Houthis claim first direct attack on Israel amid escalating regional tensions 08:20 Micron shares drop over 20% in six days after Google unveils TurboQuant 08:00 Meningitis still claims over 250,000 lives worldwide each year 07:51 Italian watchdog validates all board nominations at Monte dei Paschi 07:50 Markets weeks from peak panic amid US-Iran conflict, warns Alpine Macro 07:34 India approves purchase of new air defense missiles from Russia 07:14 United States eases restrictions to boost investment in Venezuelan minerals 17:30 Cybersecurity stocks drop after Anthropic AI model leak 17:16 US-Israel strikes hit Iranian residential areas, killing 18 in Qom 17:00 Morocco caps digital campaign spending to ensure electoral fairness 16:50 Francis Jespers named CEO of Allianz Trade Maroc

Daily Press Review - Friday, March 27, 2024

Friday 29 March 2024 - 14:56
Daily Press Review - Friday, March 27, 2024

WHO Launches CoViNet, a Global Network to Combat Coronaviruses

The World Health Organization (WHO) has initiated a new network dedicated to coronaviruses, CoViNet, aiming to better leverage global expertise and capacities, ensuring coordination to swiftly and accurately detect, track, and assess SARS-CoV-2, MERS-CoV, and emerging coronaviruses significant for public health.

CoViNet builds upon WHO's established COVID-19 reference laboratory network formed at the onset of the pandemic. Initially focusing on SARS-CoV-2, the virus causing COVID-19, the network will now extend its scope to encompass a broader range of coronaviruses, including MERS-CoV and potentially novel ones. It constitutes a global network of laboratories specialized in coronavirus surveillance in humans, animals, and the environment.

Currently, the network comprises 36 laboratories from 21 countries across WHO's six regions.

Laboratory representatives convened in Geneva on March 26 and 27 to develop an action plan for 2024-2025, aiming to better equip WHO Member States for early detection, risk assessment, and response to coronavirus-related health issues.

Source: Al Bayane

EBRD and Morocco: A New Strategy for Inclusive and Sustainable Growth

The Board of Directors of the European Bank for Reconstruction and Development (EBRD) has approved its new country strategy for Morocco covering the period 2024-2029.

According to the financial institution, this strategy revolves around three main priorities identified in cooperation with the Moroccan government. It aims to support the transition to a more private sector-driven economy by enhancing competitiveness and promoting Morocco's governance reform agenda. Additionally, the strategy will bolster social cohesion, reduce regional disparities for more inclusive growth, and accelerate Morocco's transition to a green economy through sustainable energy, water resources, and infrastructure.

Source: Al Bayane

Positive Assessment of World Bank's Supervisory Mission for Blue Economy Development in Morocco

The fourth supervisory mission of the World Bank for the "Development of the Blue Economy in Morocco" program (PPR EB) concluded with a positive assessment. The progress made over the past four months was commended by the mission, which also highlighted the government's commitment to sustainable development of coastal and marine areas.

The Ministry of Economy and Finance plays a leading role in coordinating and steering the program. It has announced the upcoming launch of a dedicated web portal for the blue economy.

The PPR EB program encompasses various aspects, including investment and innovation for aquaculture, sustainable management of marine resources, protection and valorization of marine protected areas, blue tourism, monitoring coastal ecosystems and beaches, as well as coastal restoration and conservation.

Source: Aujourd'hui le Maroc 

Over 630,000 Quintals of Subsidized Barley Distributed to Livestock Breeders in Fès-Meknès

The Regional Directorate of Agriculture (DRA) in Fès-Meknès has announced the distribution of over 630,000 quintals (qx) of subsidized barley to breeders in the region. This initiative is part of the Program for Reducing the Impact of Rainfall Deficit and Conjuncture Effects (PRIDPEC 2023) implemented by the government to support farmers facing drought and its effects.

The distribution operation occurred in two phases. The first phase distributed 275,000 qx of subsidized barley to 19,325 breeders, along with 17,390 qx of compound feed to 2,189 dairy cattle breeders. The second phase involved 23,022 breeders receiving 356,818 qx of subsidized barley and 13,690 qx of compound feed for 1,657 dairy cattle breeders.

Source: Aujourd'hui le Maroc

Moroccan Industry Barometer 2022: Strong Economic Performance

The Ministry of Industry and Trade presented the Moroccan Industry Barometer with the main results of the industrial survey for the year 2022 on March 27 in Rabat, during a conference chaired by Ryad Mezzour.

Based on a survey conducted by the ministry among 10,891 companies operating in sectors related to manufacturing industries across the entire national territory, this barometer aims to provide a set of indicators and analyses to evaluate the economic performance of the industrial sector and identify its development prospects. It also aims to create a detailed mapping, both at the sectoral and regional levels, offering more visibility on the contribution of different regions to the overall performance of the industry.

Source: Le Matin du Sahara

Driving Licenses: A Second Chance for Candidates Failed in the Theoretical Test

The Minister of Transport and Logistics, Mohammed Abdeljalil, announced a second chance for candidates who failed the theoretical test of the driving license on the first day of the new system launch. This measure aims to alleviate the difficulties faced by candidates with the reformed exam and is part of a comprehensive strategy to improve road safety in Morocco.

Mr. Abdeljalil noted that the pass rate for the theoretical exam gradually increased after the first day, rising from 35% the following day to 40% on Wednesday. He also estimated that the rate should reach 55% on Thursday and return to normal by the end of the week.

The new examination system is integrated into the reform of the driving education system and revolves around five pillars, including the human element. The goal is to provide more comprehensive training to drivers, focusing not only on knowledge of traffic signs and violations but also on understanding laws and responsibilities related to driving.

Source: Le Matin du Sahara

Moroccan Agriculture Facing the Challenge of Decarbonization

The enforcement of new international green standards and the threat of a carbon border tax from the European Union compel Morocco to urgently reduce the environmental footprint of its agriculture. This transition, far from easy, requires substantial investments, in-depth research, and adaptation of farms to decarbonize a sector still largely traditional.

The challenge of decarbonization involves reducing greenhouse gas emissions (GHGs) from Moroccan agriculture while increasing carbon sequestration in soils. Regenerative agriculture, with its promising practices such as no-till farming, cover cropping, agroforestry, and integrating livestock, offers concrete solutions to meet this challenge.

Source: Les Inspirations Eco

Morocco Celebrates its Gastronomy at the Madrid Gourmets Exhibition

Morocco will be the star of the 37th edition of the Gourmets Exhibition, held in Madrid from April 22 to 25. Under the auspices of Morocco Foodex, affiliated with the Ministry of Agriculture and Marine Fisheries, the Kingdom will showcase the richness and diversity of its traditional cuisine.

A Moroccan pavilion will be specially set up at the exhibition to present visitors with the best local products and culinary specialties of the country. Talented chefs will prepare typical dishes, offering participants a unique and authentic gastronomic experience.

The Gourmets Exhibition will be an opportunity for Morocco to showcase its different regions and their culinary specialties. From refined dishes with intense flavors to sweet and savory treats, visitors will explore the variety and richness of Moroccan gastronomy.

Source: Les Inspirations Eco


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