Economy
In a noteworthy development for Morocco's economy, travel revenues reached 87.1 billion dirhams by the end of September 2024, marking an impressive 8.4% increase compared to the previous year and a remarkable 44.7% rise from the same period in 2019. This information was shared by Prime Minister Aziz......
As the United States gears up for its presidential elections today, the dollar has experienced a notable decline. This drop comes amid heightened anticipation surrounding a closely contested race between Republican candidate Donald Trump and Democratic contender Kamala Harris. On Tuesday, the dollar......
Boeing workers have ended a seven-week strike after approving a new contract offering significant wage increases and bonuses. The International Association of Machinists and Aerospace Workers (IAM) announced that 59% of its members voted to accept the agreement, which will return approximately 33,000......
The U.S. labor market showed signs of weakness in October, with payroll growth significantly affected by a combination of adverse weather conditions and labor strikes. Economists are interpreting these fluctuations as temporary setbacks rather than indicative of a broader economic downturn. Recent reports......
In a significant announcement during his visit to Rabat, French President Emmanuel Macron emphasized the continuation of public investments in Morocco, including the Sahara region. Speaking at the conclusion of the "Morocco-France Entrepreneurial Meeting," Macron highlighted Morocco's status......
In a pivotal moment for the UK, Chancellor Rachel Reeves is poised to unveil a Budget that promises significant tax increases, substantial borrowing, and ambitious spending initiatives. This Budget is not just a financial statement; it is a declaration of intent that aims to reshape the political landscape......
A shocking investigation by CBC's The Fifth Estate and Radio-Canada has uncovered a massive breach of taxpayer accounts, with tens of thousands of Canadians' personal data compromised. The Canada Revenue Agency (CRA) has admitted to underreporting cyberattacks against taxpayers, with over 31,000......
Maroc Telecom, Morocco's premier telecommunications provider, has reported a substantial increase in its subscriber base, reaching 79.7 million users by September 2024. This 6.1% growth over the past year is driven by the company’s expansion in African markets and the rising demand for postpaid......
Morocco is set to dramatically expand its motorway infrastructure through a comprehensive MAD 7.74 billion ($735 million) investment plan spanning 2025-2027. The initiative aims to add 1,000 kilometers of new highways to the nation's transportation network, strengthening its position as home to Africa's......
The World Bank has reinforced its commitment to Morocco's development agenda, highlighting a robust partnership that encompasses 27 active projects valued at $8 billion. This announcement comes one year after the landmark 2023 Annual Meetings held in Marrakech. The institution's renewed dedication......
The ongoing BRICS summit in Kazan, Russia has brought to light significant diplomatic tensions as South Africa firmly opposes Morocco's potential inclusion in the expanding economic bloc. The three-day gathering, which commenced on October 22, 2024, has placed the controversial topic of membership......
Morocco's government has appointed new Secretaries of State to address pressing challenges across vital sectors, from maritime resources to social integration, marking a strategic shift in the nation's administrative approach to economic and social development. The appointments come at a crucial......
Morocco's state phosphate company OCP has announced an ambitious MAD 139 billion ($14 billion) investment plan spanning 2025 to 2027, marking a significant expansion of its operations and sustainability initiatives. According to a recent report from the Ministry of Economy, the investment will be......
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