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17:50
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Economy
In its comprehensive assessment of the nation's economic performance during the first quarter of 2024, the High Commission for Planning (HCP) revealed a moderation in the growth rate of the national economy, which stood at 2.5% compared to 3.9% during the same period the previous year. Despite this......
In a significant development for the Moroccan investment landscape, the Moroccan Association of Capital Investors (AMIC) has appointed a new Board of Directors (CA) that unanimously elected Hassan Laaziri as its president, succeeding Hatim Ben Ahmed. This appointment marks a pivotal moment for the organization......
In a significant move to enhance trade and investment across Africa, the Attijariwafa Bank Group and the African Continental Free Trade Area (AfCFTA) Secretariat have signed a memorandum of understanding (MoU). This agreement, inked during the 2024 Africa Development International Forum, promises to......
Both nations emphasize the importance of enhancing cooperation across various sectors, including security and energy. In a groundbreaking move to bolster renewable energy efforts, Morocco and Germany have announced a strategic "energy alliance." This partnership, unveiled during a visit to......
In a significant development that underscores the changing dynamics of the African banking sector, Morocco's Competition Council has given the green light for Saham Finances to acquire a controlling stake in Societe Generale Marocaine de Banques. This move, valued at over 8 billion Moroccan dirhams......
In a striking display of economic resilience, trade between Israel and Morocco has experienced a remarkable surge, defying regional political tensions and public sentiment. Recent data from the Abraham Accords Institute reveals a 64% increase in bilateral trade during the first five months of 2024, reaching......
In a promising forecast for Morocco's economic landscape, Bank Al-Maghrib (BAM), the country's central bank, has unveiled projections that paint a picture of robust growth across multiple sectors. The standout prediction: remittances are expected to reach an unprecedented MAD 123.7 billion ($12......
In a decisive press conference on Tuesday, Bank Al-Maghrib Governor Abdellatif Jouahri delivered a sobering assessment of Morocco's readiness to transition to a flexible exchange rate regime. Despite notable macroeconomic progress, Jouahri emphasized that the nation's economic landscape, particularly......
In a significant move to bolster economic development across North Africa, the European Bank for Reconstruction and Development (EBRD) has announced a substantial $40 million investment in the newly established SPE REF III fund. This strategic financial injection, revealed on Thursday, underscores the......
In a candid assessment, the athletic apparel titan Nike has braced investors for a turbulent journey ahead, forecasting a 10% sales decline in its current quarter as it grapples with an intricate tapestry of challenges spanning sluggish consumer trends, a faltering Chinese market, and the arduous task......
The Moroccan fruit and vegetable season has drawn to a close, marking the end of a remarkably turbulent period. This season has been defined by increasingly unpredictable and chaotic conditions that have tested Moroccan exporters to their limits. A complex panorama unfolds. Producers and exporters have......
In a significant move aimed at bolstering their economic and strategic ties, Morocco and Turkey have signed two pivotal agreements focusing on energy, earth sciences, and mining. The signing ceremony took place on Thursday in Rabat and featured Morocco’s Minister of Energy Transition and Sustainable......
The Halal Morocco Forum explores the country's potential for significant growth in the global halal market. In a bid to bolster its position in the burgeoning global halal market, Morocco recently hosted the sixth edition of the Halal Morocco Forum in Casablanca. Abderrahim Taibi, director of the......
