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 - Thursday, April 18, 2024

Thursday 18 April 2024 - 08:08
Daily Press Review - Thursday, April 18, 2024

Toward a Label for Sustainable Tourism in Morocco (Aujourd'hui le Maroc)

As part of the acceleration of the Blue Economy project in Morocco, a call for expressions of interest has been launched for the labeling of activities related to sustainable tourism.

This project aims to promote collaborative governance for the Blue Economy and to integrate climate action into fishing and coastal tourism.

The Project Management Unit for the Acceleration of the Blue Economy in Morocco, established within the Ministry of Economy and Finance, is responsible for monitoring the execution of this project.

The labeling program, to be completed in 9 months, is part of the deployment of the Accelerated Development Project for the Blue Economy in the Kingdom.

Funded by the Problue Trust Fund, this project will serve as parallel financing to the Program for Results (PPR) Blue Economy (EB) and provide technical support to the Moroccan government.

Nouvelair Connects Casablanca to Tunis with 3 Weekly Flights (Aujourd'hui le Maroc)

Nouvelair has announced the launch of its new air route connecting Casablanca and Tunis, starting April 13, 2024. This new service is part of the company's development plan for 2024.

The route links Casablanca's Mohammed V International Airport to Tunis-Carthage International Airport with three weekly frequencies (Tuesday, Thursday, and Saturday).

Nouvelair offers a promotional fare for the round-trip ticket starting from 1,399 dirhams.

"After launching 15 new routes in 2023, Casablanca-Tunis is one of the five routes on which the company will focus its development in 2024," said Chokri Zarrad, CEO of Nouvelair.

"We are convinced that this new route will further strengthen relations between the two countries and open up new prospects for economic, commercial, and tourist cooperation, bringing Tunisia even closer to our dear brothers in Morocco and facilitating travel for Tunisians residing in Morocco to Tunisia and vice versa," he added.

This new air route is expected to contribute to boosting commercial and tourist exchanges between Morocco and Tunisia.

Morocco Shines for the Second Time at the Milan Furniture Fair (Aujourd'hui le Maroc)

For the second consecutive year, Morocco is strongly represented at the Milan Furniture Fair, a major event in design and furniture. A significant delegation, led by the Minister of Tourism, Crafts, and the Social and Solidarity Economy, Fatim-Zahra Ammor, is participating in the fair from April 16 to 21, 2024.

"The Milan Furniture Fair is a very selective and prestigious event, known as the global summit of design and furniture. We are delighted to be able to showcase Moroccan craftsmanship, which is generating great interest," said the minister.

The objective of this participation is to provide selected Moroccan artisans access to renowned distributors and buyers present at the fair, so they can showcase their work and establish commercial partnerships.

Ten Moroccan brands specializing in furniture, decoration, carpets, and flooring are exhibiting their creations in a specially arranged 200-square-meter pavilion.

Africa: World Bank Aims to Electrify 250 Million People by 2030 (L'Economiste)

The World Bank announced on Wednesday, April 17, 2024, the launch of an ambitious program to connect 250 million Africans to electricity by 2030.

This major initiative will significantly reduce the number of people without access to electricity in Africa, a continent where over 568 million inhabitants still lack this vital energy source.

The program mainly targets sub-Saharan African countries, which have the majority of the world's population without electricity. Among these countries are Ethiopia, Mauritania, Angola, Nigeria, Liberia, Sierra Leone, Niger, the DRC, Burkina Faso, the Central African Republic, Malawi, Burundi, Chad, and South Sudan.

This large-scale project aligns with the World Bank's commitment to promoting sustainable development in Africa. Indeed, access to electricity is a key factor for economic growth, poverty reduction, and improving the quality of life for populations.

Nadia Fettah Calls for Proactive and Innovative Risk Management in Insurance (L'Economiste)

During the 10th edition of the Casablanca Insurance Rendez-vous, held on Wednesday, April 17, Nadia Fettah, Minister of Economy and Finance, urged the sector to adopt a proactive and innovative approach to risk management.

According to the minister, this approach is essential to meet the constantly evolving needs of populations and complement the actions of public authorities in priority areas such as social protection, financial inclusion, and coverage of catastrophic risks.

Indeed, the impact of climate change, which exacerbates the frequency and intensity of weather phenomena, is pushing the insurance sector into an era of uncertainty where traditional forecasting methods are no longer sufficient.

Moreover, disruptive technological advancements are transforming usage, habits, and behaviors, continually inducing new, more personalized and complex needs and expectations in terms of coverage and support.

Dakhla-Oued Eddahab Highlights its Economic Potential in Madrid (Al Bayane)

A high-level economic forum was held on Tuesday in Madrid to present the business opportunities offered by the Dakhla-Oued Eddahab region. The event brought together around a hundred businessmen, representatives of large companies, and diplomats accredited in Spain.

Organized by the Madrid Chamber of Commerce in partnership with the Moroccan Embassy in Spain, this forum showcased the favorable business climate and numerous investment opportunities in the region.

Speakers included the President of the Regional Council, El Khattat Yanja, the Moroccan Ambassador to Spain, Karima Benyaich, and the Vice President of the Madrid Chamber of Commerce, Augusto de Castaneda.

Discussions focused on the business climate and investment opportunities in the Dakhla region, sectoral strategies for Morocco-Dakhla Region, and the presentation of the new Dakhla Atlantic Port.

Morocco Captivates Americans in Washington (Al Bayane)

The Moroccan National Tourist Office (ONMT) launched the second stage of its roadshow in the United States on Tuesday in Washington. The objective is to present the diversity and richness of Morocco's tourist and hotel offerings and to consolidate its share in the lucrative American market.

An evening in an authentically Moroccan setting was organized for this occasion, attended by the Moroccan Ambassador to Washington, Youssef Amrani, American personalities, tourist operators, and media.

Mr. Amrani emphasized that Morocco, with its millennia-old culture and ancestral heritage, is a unique destination offering a "mosaic" of authenticity and modernity.

The diplomat also highlighted the vast potential of the Kingdom as a premier tourist destination, with its historical treasures, rich cultural heritage, stunning natural beauty, legendary hospitality, modern infrastructure, and commitment to sustainable tourism.

For her part, Siham Fettouhi, Director of ONMT for North America, stated that this roadshow aims to improve the visibility of the Moroccan destination and achieve ambitious goals set for the American market.

Increase in Tuition Fees in Private Schools: Towards a New Rise for the 2024-2025 Academic Year? (Le Matin du Sahara)

The issue of tuition fees in private schools in Morocco resurfaces as the 2024-2025 academic year approaches. Information circulating on social networks and testimonies from parents indicate a possible increase in fees in several establishments.

While no collective decision has been made yet, several schools seem to be considering this option, citing inflation and rising costs. This situation has sparked concern and anger among parents, already facing a difficult economic situation.

Testimonials from parents:

Amal, a mother of a child enrolled in a private school in Casablanca, claims to have been informed of an increase in tuition fees for the next year. "I find it unfair!" she exclaims. "The administrator did not justify these increases, and the only reason he mentioned was the impact of inflation on the direct and indirect costs borne by the school."

Adil, a father of two children enrolled in another private school, also expresses his dissatisfaction. "My children's school informed me of an increase in tuition fees for next year. I tried to negotiate, but in vain," he regrets. "If the services and courses remain the same, what would justify an increase in monthly fees?" he wonders.

Contacted by the press, Kamal Daissaoui, president of the FEP, stated that there is no collective decision made by private schools regarding an increase in tuition fees. He reiterated that "price freedom within the bounds of the law" is the prevailing rule in the private education sector.


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