Breaking 12:45 Love Brand 2025 | Maroc Telecom among the most appreciated national brands by consumers in Morocco 12:30 Norway increases defence budget by $12 billion through 2036 12:15 German Chancellor Merz to meet Syrian President Chareh in Berlin 12:10 Hezbollah launches 600 projectiles at Israel in 24 hours, a record doubled 12:00 Cuba seeks Vatican help to ease U.S. oil embargo 11:45 BASF opens largest-ever China plant amid overcapacity concerns 11:45 TSX futures fall as Trump extends Hormuz deadline amid market uncertainty 11:30 SoftBank secures $40 billion loan to boost OpenAI investments 11:20 Tesla gains fade amid delivery worries despite Europe rebound 11:15 Mercosur and Canada edge closer to free-trade deal with April negotiations 11:08 Morocco shines in Budapest with "Résonances francophones" recital 11:00 TotalEnergies drops 2050 carbon neutrality goal over slow global transition 11:00 Austria to ban social media for children under 14 10:45 Guerguerat authorities seize 20 Kg of cocaine, arrest Moroccan truck driver 10:40 Musk plans 30% retail allocation for SpaceX IPO 10:30 Euro Zone consumers lower inflation expectations before Iran conflict, ECB survey finds 10:20 Iran conflict triggers mass tourism cancellations in eastern Mediterranean 10:15 Indonesia to limit social media for under-16s amid safety concerns 10:02 Iran claims one million fighters ready for U.S. ground invasion 10:00 Morocco-Nigeria pipeline: Europe eyes atlantic corridor amid energy uncertainty 09:45 Foreign investors pull record funds from India as oil shock hits rupee 09:40 Five Eyes agencies warn of rising cyber threats to LEO satellites 09:30 Bank of England lowers cost of on-demand liquidity facility 09:20 Rapid7 uncovers Chinese 'dormant cells' in telecom networks 09:15 Poland and Switzerland strengthen defense cooperation through joint talks 09:00 China demands stronger response from Japan after embassy incident 08:55 Nvidia shares drop amid TurboQuant fears and lawsuit pressure 08:45 Myanmar military signals leadership shift ahead of presidential process 08:40 Food fortification could triple its impact on nutrient gaps 08:30 Cyclone disrupts major LNG production sites in Australia 08:20 NASA satellite uncovers origins of 2025 Kamchatka tsunami 08:15 Mexico launches search for missing aid boats bound for Cuba 08:00 South Korea seeks greater military autonomy with wartime command push 07:50 Studies pinpoint Sun's magnetic engine deep below surface 07:45 Japan to ease coal plant restrictions amid energy crisis 07:30 UAE signals readiness to join multinational effort to reopen Strait of Hormuz 07:15 Vietnam cuts fuel prices after suspending environmental tax 07:00 UN security council holds closed-door meeting on Iran at Moscow’s request 17:35 Central banks worldwide raise inflation forecasts amid Iran war energy shock 17:20 Australia and Germany agree to build joint space early-warning system 16:50 Markets plunge as Pentagon eyes decisive strike on Iran 16:30 Visa and Switch Al Maghrib partner to boost payment security in Morocco 16:20 Dollar holds steady as Iran conflict reshapes Fed rate outlook 16:00 Pakistan confirms role in US-Iran indirect talks 15:55 OpenAI expands ChatGPT ads and tests dedicated Ads Manager 15:40 Morocco and Côte d'Ivoire boost economic partnership 15:30 Africa Feed & Food raises 850 million dirhams in minority stake deal with RMBV and Proparco 15:21 Bayer Crop Science North Africa drives growth through innovation and sustainability 15:20 Iran earns $139 million a day from oil as Hormuz crisis boosts revenue 15:12 FIFA opens last-minute World Cup 2026 ticket sales on April 1 15:00 Al Jaber calls Iran's Strait of Hormuz blockade "economic terrorism" during U.S. tour 14:05 Freeport LNG CEO warns Iran war risks delaying US export projects 14:00 Commodity ETFs see record $11 billion outflows in March 13:50 EBRD warns Iran war may cut growth by 0.4 points 13:43 AGR cuts Maroc Telecom target price as investment cycle pressures dividends 13:40 Kyushu researchers exceed solar cell efficiency limit with 130% quantum yield 13:37 Manal Benchlikha balances stardom and motherhood with bold authenticity 13:23 Othman Benjelloun: Building trust drop by drop in African banking 13:20 Used EV sales surge across Europe as Iran war spikes fuel prices 13:12 Nadia Fettah Alaoui: Morocco's steady hand at the finance helm

Daily Press Review - Wednesday, March 20, 2024

Wednesday 20 March 2024 - 09:35
Daily Press Review - Wednesday, March 20, 2024

Gitex Africa Morocco: 200 Moroccan Startups for the 2nd Edition

In preparation for the 2nd edition of Gitex Africa Morocco, taking place from May 29th to 31st in Marrakech, a call for applications has been launched to select 200 national startups.

Dedicated to new technologies, this event will provide selected startups with the opportunity to showcase their innovative projects and ideas to a broad audience of investors, entrepreneurs, and industry professionals.

The objective is to highlight the potential and expertise of Moroccan startups and provide them with opportunities for growth and internationalization.

Selected startups will receive personalized support through roadshows and boot camps conducted by experts.

Source: Les Inspirations Eco

Avocado Season: Record Production and Strong Exports

The 2023-2024 season for Moroccan avocados concluded on a highly positive note, with a national record production of 65,000 tons, marking a 62.5% increase compared to the previous season.

Despite the water crisis affecting the country, the sector managed to sustain its growth, with exports reaching 57,000 tons, an unprecedented volume.

Major export markets for Moroccan avocados include Europe (Spain, France, the Netherlands, Italy, Germany, etc.) and the Gulf region (United Arab Emirates, Saudi Arabia).

Source: L'Economiste

Casablanca: New Underground Parking with 520 Spaces in Maârif

The Maârif district of Casablanca will soon have a new underground parking facility with 520 spaces, built on the site of the former Ibn Tofail college.

This project, part of the city's development plan, aims to address the increasing demand for parking in this bustling commercial district.

Spanning an area of 18,000 square meters across two levels, the parking will be accessible from Normandie and Kadi Iass streets and will feature surface landscaping (green spaces, parking spots, pedestrian walkways, etc.).

Casa-Transports has already issued two calls for tenders for the project's implementation.

Source: L'Economiste

French Tourists Lead Arrivals to Morocco in 2023

Morocco continues to attract tourists from around the world, with a 14% increase in arrivals at border posts during the first two months of 2023.

France remains the leading source market, with 307,000 French tourists visiting the Kingdom, marking an 11% increase compared to the same period the previous year.

Spain and the United Kingdom follow, with 189,000 and 130,000 tourists respectively.

Arrivals from the Italian and German markets have also increased by 11% and 38% respectively.

Source: Aujourd'hui le Maroc

Social Dialogue: Unions Await Resumption on March 26

Social dialogue will resume on Tuesday, March 26th, under the presidency of Prime Minister Aziz Akhannouch.

This round of talks is eagerly anticipated by unions, who hope to address crucial issues such as salary increases, tax revision, and labor code reform.

However, the agenda has not yet been communicated, raising concerns among the unions.

For instance, UMT refuses to engage in "dialogue for the sake of dialogue" and demands concrete discussions on specific points.

Source: Le Matin du Sahara

Unemployment in Morocco: 51.2% of Unemployed Have Never Worked

Morocco continues to grapple with persistent unemployment, particularly among youth and graduates, according to the latest data from the High Commission for Planning (HCP).

In 2023, the unemployment rate reached 13%, marking a 1.2-point increase compared to 2022. This rise is more pronounced in urban areas (+1 point) and among women (+1.1 points).

Even more concerning, 51.2% of the unemployed have never worked. Among them, 75.7% are under 35 years old, and 82.6% are graduates.

Youth unemployment has worsened, rising from 32.7% to 35.8%. This age group represents the most affected, with over a third of young people unemployed.

Source: Al Bayane

Aïd Al-Adha 2024: ONSSA Launches Operation to Identify Sheep and Goats

The National Office for Food Safety (ONSSA) has initiated the operation to identify sheep and goats destined for Aïd Al-Adha 1445 (2024).

This initiative, conducted in collaboration with the National Ovine and Caprine Association (ANOC) and under the auspices of the Ministry of Agriculture, aims to ensure the traceability of animals sacrificed during this religious festival.

The identification operation is part of ONSSA's ongoing efforts to guarantee food safety and protect consumer health.

Source: Al Bayane

Larache: INDH Boosts Social and Solidarity Economy with Herbanord Cooperative

The National Initiative for Human Development (INDH) has committed to promoting the social and solidarity economy (SSE) in the Larache province as an essential pillar of local development.

This commitment has enabled numerous project leaders, such as the Herbanord cooperative, to launch their initiatives and contribute to the socio-economic dynamics of the region.

Situated in Ksar El Kébir, the Herbanord cooperative specializes in the production of natural cosmetic products based on aromatic and medicinal plants.

Source: Aujourd'hui le Maroc

Beneficial Rains for Autumn and Spring Crops in Fès-Meknès Region

Recent precipitation in the Fès-Meknès region is a boon for farmers after a long period of drought.

According to the Regional Directorate of Agriculture (DRA), these rains will have a positive impact on major autumn crops and promote the establishment of spring crops.

Additionally, they will benefit pastures, livestock, and replenish the groundwater.

Regarding the autumn crop rotation program, the DRA of Fès-Meknès indicates that 656,860 hectares have been seeded with autumn cereals, including 163,750 hectares of durum wheat and 314,320 hectares of soft wheat.

Source: Aujourd'hui le Maroc

Wastewater Treatment at Tamesna Prison: Administration Responds to Allegations

The administration of Tamesna local prison has refuted allegations circulated in a video on an online platform regarding the treatment of wastewater at the facility.

It asserts that wastewater is treated in accordance with prevailing standards at a dedicated treatment plant constructed for this purpose.

As the prison is not connected to the public sewage network, the treatment plant employs advanced techniques to ensure the quality of treated water.

Regular laboratory analyses confirm that the treated water meets prevailing standards.

Source: Liberation

Towards Easing the Judicial Machinery: New Code of Criminal Procedure Soon to Be Revealed

After months of preparation and consultations with all concerned stakeholders, Minister of Justice, Abdellatif Ouahbi, is set to unveil the reform of the Code of Criminal Procedure.

This text, eagerly awaited by lawyers and legal professionals, promises numerous changes and aims to redefine the balance of power between the defense and the prosecution.

Police interrogations, custody regime, pre-trial detention, alternative sentences, judicial inquiry... the areas of evolution are manifold and aim to streamline the judicial machinery.

Source: L'Opinion

Morocco-France: €1.42 Billion AFD Loan to Support Education System Reform

The Ministry of Economy and Finance and the French Development Agency (AFD) have signed a financing program totaling €134.7 million (1.42 billion MAD) to support the reform of the national education system. This program includes a €130 million loan and a €4.7 million technical assistance grant.

The first convention, valued at €130 million (1.42 billion MAD), comprises a credit aimed at financing the roadmap support program for the education system reform, with the AFD aiming to achieve three objectives:

- Ensuring the quality of learning to double the rate of primary students mastering fundamentals.
- Enforcing compulsory education to reduce school dropout by a third.
- Promoting personal development and civics, and doubling the rate of students benefiting from extracurricular activities.

The second convention, worth €4.7 million (approximately 50 million MAD), takes the form of a grant to mobilize technical support to accompany the implementation of planned educational reforms, as explained by the AFD in a statement.

Source: L'Opinion

MREs Contribute 115 Billion MAD to National Economy in 2023

Moroccans residing abroad (MREs) contributed 115 billion Moroccan dirhams (MAD) to the national economy in 2023 through money transfers, according to a publication by OMEGA Center for Economy & Geopolitics Researchs (OCEGS).

This figure confirms the crucial role played by MREs in Morocco's development.

In addition to their financial contributions, MREs have also brought significant added value to the national economy through:

- Active participation in the tourism sector.
- Investment in various domains.
- Transfer of skills and expertise.

Source: Les Inspirations Eco

 


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