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Economy


Morocco's Railway System Set for Climate-Resilient Upgrade with EIB Partnership

In a significant move towards sustainable transportation, the European Investment Bank (EIB) and Morocco's Office of Railways (ONCF) have joined forces to enhance the climate resilience of Morocco's railway network. This partnership, formalized through a technical assistance agreement, aims to......

EPIK Consulting Spearheads Global Dialogue on Human Capital Evolution in Casablanca Summit

In a groundbreaking event that brought together 140 human resources leaders and general managers from diverse sectors, EPIK Consulting orchestrated a pivotal meeting on Human Capital Transformation in Casablanca. The gathering, held at the Barceló Anfa Hotel, served as a crucible for exchanging......

Morocco's Economic Resilience Showcased at IMF-World Bank Anniversary Event

Washington D.C. witnessed a celebration of the enduring partnership between Morocco and the International Monetary Fund (IMF) and World Bank Group on Wednesday evening. The event, hosted by the Moroccan Embassy, marked the first anniversary of the prestigious annual meetings held in Marrakech last year. Addressing......

African Nations Convene in Tangier to Harness Ocean's Potential for Sustainable Growth

The coastal city of Tangier, Morocco, recently played host to a groundbreaking event that brought together African nations to explore the vast potential of the ocean economy. The inaugural African Ocean Week, held in conjunction with the 3rd High-Level Ministerial Conference on the Blue Belt Initiative......

Morocco's Court of Auditors Takes Helm of Global Audit Organization JURISAI

In a significant development for international financial oversight, Morocco's Court of Auditors has been elected to lead the Secretariat of the International Organization of Supreme Audit Institutions with Jurisdictional Competence (JURISAI). This appointment, made during JURISAI's founding General......

Economic Concerns Linger Despite Declining Inflation Rates

As inflation rates show signs of easing from the pandemic's peak, American consumers grapple with the enduring impact of elevated prices on everyday goods and services. The latest projections suggest that the pace of consumer price growth remained stable in September, according to estimates from......

EU Allocates €35 Billion Loan to Ukraine Utilizing Frozen Russian Assets

In a significant move, European Union envoys have reached an agreement to provide Ukraine with up to €35 billion (approximately $38 billion) as part of a broader financial package aimed at supporting the nation amidst ongoing conflict. This loan, which is backed by immobilized assets from the Russian......

Green Hydrogen Ambitions: Morocco's Path to Renewable Energy Leadership

Morocco has unveiled a transformative initiative aimed at generating 30,000 jobs in the burgeoning green hydrogen sector, marking a significant step in the country's renewable energy strategy. During the World Power-to-X Summit in Marrakech, Younes Sekkouri, Minister of Economic Inclusion, Small......

Morocco's Q3 2024 Economic Pulse: Industrial Boom Offsets Agricultural Decline

Morocco's economy showed resilience in the third quarter of 2024, with growth reaching 2.8%, up from the 2.4% average recorded in the first half of the year. This uptick, reported by the High Commission for Planning (HCP), stems from a continued recovery in domestic demand and a robust increase in......

PepsiCo's Financial Outlook: A Slump in Sales and a Shift in Consumer Behaviour

PepsiCo's recent financial report has revealed a concerning trend, with the company's sales performance falling short of expectations for the second consecutive quarter. This has prompted a revision of its full-year outlook, indicating a potential slowdown in the snack and beverage giant's......

German and Chinese Firms Secure Crucial Contracts for Morocco's High-Speed Rail Project

Morocco's national railway operator, ONCF, has awarded significant contracts to German and Chinese companies for the supply of essential components in the country's ambitious high-speed rail expansion project. This development marks a major step forward in enhancing Morocco's transportation......

Morocco's Central Bank Enhances Security and Identity Verification with Innovative Digital Partnership

In a significant move to bolster security and streamline operations, Bank Al-Maghrib, Morocco's central bank, has entered into a groundbreaking partnership with the General Directorate of National Security (DGST). This collaboration, formalized through a protocol signed in Rabat, marks a pivotal......

Andalusian Fishing Fleet Faces Uncertainty as EU-Morocco Trade Deals Annulled

The recent decision by the Court of Justice of the European Union (CJEU) to annul trade agreements between the EU and Morocco has sent shockwaves through the Andalusian fishing industry. The regional government of Andalusia, Spain, has raised concerns that this ruling will have severe repercussions for......