Economy
The Kingdom of Morocco has once again distinguished itself in the realm of postal services, securing the title of "postal development champion" in the Arab world for the second year running. This recognition comes from the Universal Postal Union's (UPU) Integrated Index for Postal Development......
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......
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......
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......
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......
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......
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......
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......
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 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 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......
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......
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......
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