Economy
Morocco's capital markets saw a slight decline in fundraising during the first four months of the year, according to data released by the country's markets regulator. Total funds raised from January through April reached 33.09 billion dirhams (US$ 3.3 billion), a decrease of around 450 million......
Morocco's national savings rate reached 28.2% of gross domestic product in 2023, up from 26.7% the previous year, according to data from the High Commission for Planning. This increase came despite higher domestic consumption, which grew 7.6% by value last year compared to 7.7% previously. National......
Moroccan financial institution Tamwilcom and electronics giant Epson have joined forces to bolster the nation's startup sector. In a partnership agreement signed last week at GITEX Africa, the largest tech expo on the continent, the organizations aim to enhance access to cutting-edge technologies......
In a shocking revelation, newly uncovered evidence suggests that a prominent British bank, Standard Chartered, may have facilitated billions of dollars in transactions linked to entities designated by the United States government as funders of terrorist organizations. These explosive allegations have......
In a remarkable display of agricultural prowess, Morocco has solidified its position as the second-largest supplier of peppers to the European Union (EU) market during the first quarter of 2024. According to the specialized website Hortoinfo, which based its analysis on data from the statistical service......
In a bold initiative aimed at strengthening economic ties, a delegation comprising twenty Spanish enterprises is poised to embark on a three-day journey to Morocco from June 4th to 6th. This expedition seeks to unearth opportunities for enhancing commercial and economic relations with Morocco's flourishing......
In a significant stride towards sustainable development, the OCP Group, a leading global fertilizer producer, has secured a €200 million (MAD 2.1 billion) financing agreement from KfW, Germany's esteemed development and investment bank. This substantial investment will fuel the group's unwavering......
Morocco's commitment to sustainable energy receives a significant boost as Tarik Moufaddal assumes the role of Chief Executive Officer at the Moroccan Agency for Sustainable Energy (MASEN). Moufaddal's appointment, endorsed during a ministerial council led by King Mohammed VI in Casablanca, marks......
Colombia finds itself in an unprecedented predicament with a historic decline in tax revenue collection, potentially forcing the government to implement significant spending cuts this year. This concerning revelation emerged on Friday from the Autonomous Committee for Fiscal Rules (Carf), a public entity......
In a bold move, Spanish authorities have imposed fines totaling over 150 million euros on four low-cost airlines for charging passengers for hand baggage, consumer associations announced on Friday. Ryanair, Vueling, EasyJet, and Volotea were also sanctioned for charging fees for seat selection when......
Amidst the vibrant pulse of Marrakech, the second day of GITEX Africa 2024 saw a gathering of forward-thinking minds, united in their mission to propel Africa's burgeoning startup ecosystem to unprecedented heights. The 10X Stage, charged with anticipation, served as the arena for a symphony of insights......
As the Kingdom contends with inflation spurred by an energy crisis compounded by the Russia-Ukraine conflict, which has markedly affected raw material prices in Morocco, the steady uptick in prices has not been met with a corresponding uptrend in wages, leading to a decline in household purchasing power.......
In a turn of events that is leaving consumers' wallets lighter, a fresh surge in prices is sweeping across Morocco's fruit and vegetable markets. This latest bout of inflation is a multifaceted phenomenon, driven by a perfect storm of climatic vagaries, the lifting of import duties by Mauritania,......
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