Breaking 17:00 Moroccan tomato exports to Finland reach record high level 16:45 Masai Ujiri praises Morocco as a continental leader in sports investment 16:30 UK warns firms to prepare for risks from frontier Ai models 16:27 Morocco coastal fishing value rises despite lower catches 16:15 Leftist Sanchez advances to Peru presidential runoff after extended vote count 16:08 Morocco ceramic industry pact aims to restructure sector 16:00 Denmark investigates whether dead whale is Germany’s rescued humpback “Timmy” 15:52 Rabat region health group aims to improve care coordination 15:47 Calls grow for US designation of polisario as terrorist group 15:45 Panama Canal rules out shipping restrictions despite drought concerns for 2026 15:30 Hiscox shares surge on reports of possible acquisition interest 15:25 As Eid al Adha approaches casablanca food prices show mixed movement 15:17 Mehdi Tazi elected to lead Moroccan employers confederation 15:15 Venezuela launches major debt restructuring amid economic challenges 15:00 Prediction markets face growing scrutiny over suspicious trading activity 14:59 BCP Group's private bank launches new brand identity and expands across Morocco 14:45 Tech CEOs called to capitol hill for major senate hearing 14:40 Microsoft cancels Claude Code licenses and shifts developers to Copilot CLI 14:30 Starbucks cuts corporate jobs and restructures regional offices in the United States 14:22 Dongfeng expands presence in Morocco with Casablanca showroom opening 14:15 German Chancellor Merz questions opportunities in the United States 14:10 Gold hits one week low as oil inflation fears weigh on metals 14:00 Private credit funds face pressure amid market uncertainty 13:45 OFPPT board approves the 2026 action plan 13:42 Rachid Ellouah wins Spanish arm wrestling title and targets world stage 13:33 Figure AI robots exceed 24 hours of warehouse operation test 13:30 UAE speeds up pipeline project to bypass the Strait of Hormuz 13:15 India-UK trade deal faces steel dispute before implementation 13:00 Morocco opens voter registration period ahead of 2026 parliamentary elections 12:45 BT revives talks over international business sale 12:30 Putin says measures to support Russian economy are starting to show results 12:15 One dead and two seriously injured in shooting in Nantes 12:00 Ackman’s Pershing Square takes new stake in Microsoft, citing attractive valuation 11:53 Morocco expands 20 billion dirham buffer for budget 2026 11:45 Reliance-Disney’s JioStar launches legal action against Zee over Bollywood film rights 11:30 Ecuador arrests alleged gang leader amid crackdown on organized crime 11:20 Morocco legal reform bill 66.23 sparks parliamentary tensions over lawyers 11:15 Ben Gvir sparks controversy with remarks about settlement plans in southern Lebanon 11:04 A viral video claiming Michael Jackson was spotted on a bus in Brazil is fake 11:00 NamX secures European patent and advances hydrogen industrialization 10:45 Serbia prepares final proposal on NIS takeover by Hungary’s MOL 10:43 X agrees to stricter UK crackdown on hate speech and militant content, regulator says 10:35 At Samsung, the global AI boom fuels strike tensions and internal divisions 10:35 UAE accelerates pipeline project to bypass Strait of Hormuz 10:30 Orban’s media empire weakens after Hungary’s election upset 10:25 Saad Lamjarred tried for rape: verdict expected this Friday 10:20 Ebola outbreak declared in the Democratic Republic of the Congo, says Africa CDC 10:17 Oil surge rattles markets as inflation fears intensify 10:15 TSMC plans major share sale in Vanguard Semiconductor 10:12 Texas carries out its 600th execution since 1982 10:00 Morocco launches mandatory digital VAT declaration platform from June 2026 09:46 Bank of Canada says AI is not causing widespread job losses 09:45 Philippines suspends Senate security chief after Senate shootout and ICC-linked escape 09:44 Authorities intensify livestock supply monitoring ahead of Eid al-Adha 09:39 Six-year program aims to empower 5,000 women through cooperatives in Morocco 09:30 North Korea condemns UK sanctions on children’s camp 09:18 Vivo Energy Maroc promotes inclusion through football tournament with Naybet 09:15 Erdoğan highlights strategic importance of the East-West Middle Corridor 09:04 Morocco overhauls pharmaceutical law to strengthen health sovereignty 09:00 Moroccan government approves new status for territorial administration employees 08:51 Morocco launches digital platform to modernize road transport sector 08:45 Devyani International narrows quarterly loss as KFC and Pizza Hut sales improve in India 08:40 United States eases World Cup 2026 visa rules for supporters 08:30 Centrica to pay millions after investigation into British Gas prepayment meters 08:23 World Cup 2026 halftime show to feature Shakira, Madonna and BTS in New York final 08:15 Gautam Adani expands business empire across energy, infrastructure and artificial intelligence 08:07 Akhannouch launches Rabat regional health authority reform plan 08:00 Bank of Korea official warns of rising inflation concerns amid global uncertainty 07:51 UN demands answers after Taliban detain Afghan journalists 07:45 Australian court strengthens protections for transgender rights in landmark app discrimination case 07:37 Amazon cancels Lord of the Rings MMO after years of setbacks 07:30 German economy faces pressure from Iran conflict and global uncertainty 07:18 NOAA raises El Niño odds as forecasters warn of extreme event 07:15 Xi Jinping gives Donald Trump rare visit to historic Zhongnanhai compound in Beijing 07:03 Chinese AI stocks become nearly impossible to short before July 07:00 Finland suspends flights at Helsinki Airport after drone threat alert

Daily Press Review - Tuesday, April 30, 2024

Tuesday 30 April 2024 - 10:00
Daily Press Review - Tuesday, April 30, 2024

Historic Agreement: 10% Increase in Minimum Wage, 1,000 DH Salary Increase for Some Public Servants, and Tax Relief

Al Bayane

A significant milestone was reached during the April round of social dialogue, with Prime Minister Aziz Akhannouch announcing a historic agreement between the government and key labor unions. This accord, lauded by all parties involved, encompasses concrete measures aimed at enhancing the purchasing power of citizens.

The Minimum Interprofessional Guaranteed Wage (SMIG) will see a 10% increase, providing essential support for low-wage workers. This hike is expected to improve their living conditions and reduce social inequalities.

In addition to the minimum wage increase, the agreement includes a monthly salary increase of 1,000 DH for certain public servants who have not recently benefited from salary revaluation. This measure aims to recognize their contributions and ensure greater fairness within the public sector.

To ease the tax burden on the middle class, the agreement also provides for a monthly reduction in Income Tax (IR) of 400 DH for public servants and employees in this category. This tax relief will allow the affected households to retain more of their income.

 

Morocco and NATO Strengthen Regional Security Cooperation

Al Bayane

Morocco and NATO are set to enhance their partnership in regional security. On April 29, Minister Delegate to the Prime Minister, Abdeltif Loudyi, met with Admiral Rob Bauer, Chairman of the NATO Military Committee, during his visit to Morocco from April 28 to 30. This meeting underscored the commitment to fostering cooperation, particularly in areas of training and capacity building, with the goal of bolstering the Moroccan military's readiness to address security challenges in the Mediterranean region.

Admiral Bauer praised Morocco's multidimensional engagement and its role as a key stabilizing force in the region. He also commended the Kingdom's ongoing reforms and its contributions to peace and stability under the leadership of King Mohammed VI.

Both parties expressed a shared commitment to deepening ties between Morocco and NATO in the future. This strengthened collaboration will enhance their capacity to address common security challenges and contribute to the stability of the Mediterranean region.

 

A Focus on Sustainability: The International Fisheries Industry Forum to Take Place in Casablanca on May 15

Al Bayane

Casablanca is set to host a major event focused on the future of the fisheries industry: the International Fisheries Industry Forum, scheduled for May 15-16. Organized by the National Federation of Processing and Valorization of Fish Products (FENIP) and the Swiss Import Promotion Programme (SIPPO), the event will bring together key stakeholders in the sector to discuss sustainable and responsible fishing practices.

The forum, themed "Collaboration for Sustainability: Cross-Perspectives from Research, Management, and the Private Sector," aligns with King Mohammed VI's vision of making Morocco a leader in the blue economy. It aims to share best practices and innovative solutions for sustainable fisheries management, considering economic, social, and environmental factors.

 

Arab Financial Inclusion Day: National Strategy Achieves 66% Progress

Aujourd'hui Le Maroc

Bank Al-Maghrib launched a pilot project under the World Bank's Green Back program to promote digital fund transfer methods, targeting civil society actors in various rural areas. This initiative, which runs through May 5, was announced during the celebration of Arab Financial Inclusion Day, observed annually on April 27.

The central bank conducted a range of awareness and support activities in different regions of Morocco, including a hackathon in Sidi Bouknadel focused on developing innovative financial education programs. Collaborations with the Moroccan Foundation for Financial Education, GIZ, and ESSEC Africa further enhanced these efforts.

Additionally, Bank Al-Maghrib organized capacity-building workshops for female rural entrepreneurs in Al Haouz, Béni Mellal, Meknès, and Kénitra. The central bank also collaborated with the National Agency for the Fight Against Illiteracy (ANLCA) to offer innovative training sessions to improve access to financial services, with special programs for micro-entrepreneurs and individuals with special needs.

 

Moroccan Dams: Declining Water Levels and Worrying Situations

Aujourd'hui Le Maroc

Despite a slight improvement over last year, the situation of Morocco's dams remains concerning. As of April 29, 2024, the national filling rate stands at 32.62%, compared to 33.07% on the same date in 2023. Total water reserves are estimated at 5.2 billion cubic meters, slightly less than the 5.3 billion cubic meters recorded in 2023.

Some dams show satisfactory levels, like Chefchaouen, Nakhla, and Achraf El Idrissi, all at 100% capacity. However, others are in critical condition, such as Ahmed Al Hanssali (6.35%), Al Massira (1.57%), and Abdelmoumen (6.88%).

The Oum Er Rbia basin is particularly hard-hit, with an overall filling rate of just 6.85%. Al Massira, the country's second-largest dam, is at a critical level of 1.57%, with a volume of just 41.69 million cubic meters.

Given the critical water situation, authorities are urging rational water management and the implementation of urgent measures to tackle the ongoing drought. Public awareness campaigns about water conservation are also crucial.

 

Morocco Historic Rally: A Successful 14th Edition!

Aujourd'hui Le Maroc

The 14th edition of the Morocco Historic Rally concluded on Saturday in Bourrous, Rehamna province, in a festive and friendly atmosphere. This exceptional event, held under the patronage of King Mohammed VI, gathered motorsport enthusiasts from around the world for a journey of over 1,500 km, including 400 km of special stages.

Organized by the Grand Maghreb Mechanical Sports Club, in partnership with the Moroccan Federation of Ancient Vehicles and the Royal Moroccan Automobile Club, the rally aims to revive the spirit of traditional rallies and rediscover forgotten tracks while showcasing remote regions of Morocco. This 14th edition proved to be a resounding success, allowing participants to enjoy a unique and memorable experience.

During the six stages of the rally, competitors tested their driving and navigation skills on diverse terrains, from desert trails to mountain passes. The event also fostered camaraderie among participants and provided opportunities to explore Morocco's rich heritage.

 

Tourism in Morocco: Mixed Outlook for the Rest of the Year

Le Matin du Sahara

Tourism professionals in Morocco are optimistic about the high season, but uncertainty remains about the sector's performance for the rest of the year. Popular destinations like Tanger-Tétouan-Al Hoceïma are expected to see high hotel occupancy rates during the summer, while less frequented regions also enjoy a slight uptick.

Zoubir Bouhoute, a tourism expert, acknowledges the resilience and positive trends of Morocco's tourism sector but cautions about the potential impact of adverse global economic conditions. Tourism stakeholders across Morocco express mixed sentiments, with some, like Ali El Kadiri, president of the Regional Association of the Hotel Industry (ARIH) of Tanger-Tétouan-Al Hoceïma, feeling confident about the summer season, while others remain more cautious.

Despite the promising prospects for the high season, tourism professionals call for significant investments to support long-term growth. Diversifying the tourism offer, promoting lesser-known destinations, and improving service quality are crucial for ensuring the sustainable growth of Morocco's tourism sector.

Electricity Market Reform: Competition Council Calls for Major Overhaul

Le Matin du Sahara

The Competition Council has released a significant report on the electricity market in Morocco, calling for a thorough overhaul of the current model to boost competition and attract investors.

Ahmed Rahhou, the council's president, points out that the current model, heavily reliant on fossil fuel production and long-term supply contracts, is showing signs of strain. This structure not only hampers the market's overall efficiency but also places financial pressure on the National Office of Electricity and Drinking Water (ONEE), the country's historic operator.

The council advocates for a new target model in line with the Royal Directives, aiming to make the electricity market more efficient. This new model, designed for long-term planning (20 to 40 years), will require a reorganization of the sector's existing framework.

Among the key recommendations, the council suggests increasing private sector involvement in electricity production and redefining the role and responsibilities of ONEE. Additionally, the council recommends implementing a pricing mechanism to incentivize renewable energy sources and energy efficiency.

 

DGSN and ANEF Join Forces to Combat Forestry Crimes

Le Matin du Sahara

The General Directorate of National Security (DGSN) and the National Agency for Water and Forests (ANEF) held a study day at the Royal Police Institute (IRP) in Kénitra on Monday to address forestry crimes.

This event, titled "Combating Crimes Against the Forest Domain," is part of a partnership agreement signed on January 12 between DGSN and ANEF. The goal of the agreement is to strengthen cooperation between the two institutions in protecting forest cover and to unify their strategies and working methods to combat violations against forested areas and wildlife.

The partnership includes several key components, such as establishing a regulatory framework for cooperation, promoting training and skill development, coordinating field operations, supporting ANEF agents with national security personnel, and exchanging data related to forestry crimes.

During the study day, representatives from both institutions praised the encouraging results achieved through their cooperation. They highlighted a reduction in forestry crimes and improved apprehension of offenders, demonstrating the effectiveness of their collaborative efforts.

 

E-Appointment and E-Stamps: Improving Consular Services for Moroccans Abroad

Libération

The Ministry of Foreign Affairs, African Cooperation, and Moroccans Abroad has implemented e-appointment and e-stamp systems across all of Morocco's diplomatic missions and consular offices (MDPC) since April 1, 2024. This move aims to offer high-quality consular services to Moroccans residing abroad (MRE).

By adopting international best practices, the e-appointment system addresses the expectations of MRE for modern and efficient consular services. This system allows users to schedule appointments at their convenience, significantly reducing waiting times and enhancing the quality of service and customer experience.

The e-appointment system eliminates the long queues that were a source of frustration for MRE. It also enables the MDPC to optimize its reception area and utilize new communication and information technologies for better service delivery.

Users can choose their preferred time slots and dates for consular services through the system once their service requests are validated. They can also submit their supporting documents online, reducing the need for unnecessary visits to consular offices.

 

Turkish Exports to Morocco on the Rise: Ongoing Trade Imbalance

L'Opinion

Turkish exports to Morocco are continuing to grow, reaching 733 million dollars in the first quarter of 2024, making Rabat the second-largest African client of Ankara. Over the past two decades, trade between the two countries has soared from 700 million dollars to 4.4 billion, with Morocco facing a significant trade deficit.

In 2019, former Minister of Industry Moulay Hafid El Alami called for a comprehensive review of the 2006 Free Trade Agreement (FTA) between Morocco and Turkey. In 2020, Morocco negotiated an agreement with Turkey to reimpose a 90% customs duty on a list of over 1,200 local products affected by Turkish imports, covering 630 tariff lines, including textiles, leather, metallurgy, electricity, wood, and automotive products.

Despite these measures, the trade balance continues to favor Turkey. Anas Abdoun, Senior Analyst for Africa and the Middle East at Stratas Advisors, explains that Turkey's industrial maturity and flexibility, benefiting from European Union expertise without adhering to its legal and wage constraints, give it an edge. This dynamic makes it challenging for Morocco to maintain a competitive advantage in its trade relationships, including with countries like France.


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