Economy
Morocco's top diplomat in the U.S., Ambassador Youssef Amrani, has emphasized his country's unwavering commitment to fostering development throughout Africa. Addressing a roundtable event in Washington D.C. on Monday, Ambassador Amrani lauded Morocco's robust economic ties with the U.S. while......
Moroccan households grappled with financial challenges throughout 2023, as inflation took a toll on their budgets. According to a recent report by the High Commission for Planning (HCP), the annual average consumer price index (CPI) witnessed a significant 6.1% surge compared to the previous year. This......
France's financial fraud watchdog has taken action against banking giant Societe Generale, imposing a €4.5 million fine for engaging in deceptive practices that resulted in customers being unfairly charged fees. The penalties stem from an extensive investigation conducted by The General Directorate......
Morocco welcomed positive economic news this week as the country's inflation rate declined to 6.1% in 2023, marking a decrease from the previous year's 6.6%. The reduction was disclosed in a report published on Monday by Morocco's High Commission for Planning (HCP). The drop in inflation......
French drivers are demonstrating a strong appetite for affordable electric vehicles, as evidenced by Stellantis, the automaker, receiving over 20,000 social leasing orders for its EV models within weeks of the government incentives' launch. Dealerships are grappling with an influx of potential buyers......
Morocco's Minister Delegate for Investment, Mohcine Jazouli, initiated a comprehensive tour of the country's Oriental region this week, aligning with the government's strategic efforts to stimulate private investment and foster job creation nationwide. The primary objective of this visit......
Moroccan Minister of Economy and Finance, Nadia Fettah Alaoui, delivered a compelling message at the World Economic Forum in Davos, emphasizing the critical need for economic diversification with a strategic focus on industry and tourism to foster growth. In an exclusive interview with CNBC Arabia,......
The European Union is ushering in a significant change that demands attention from Moroccan travelers and business professionals. The era of unrestricted cash payments is drawing to a close, compelling adaptation from Moroccans venturing to Europe and engaging in cross-border business transactions. Failure......
In the midst of a turbulent 2022, Netflix has emerged triumphant as the reigning champion in the streaming industry, as declared by the Bank of America. For an extended period, Netflix comfortably held its dominion over the streaming landscape. However, formidable challengers such as Prime Video, Disney+,......
The Mohammed VI Investment Fund (FM6I) has recently unveiled its preselection of 17 private equity firms tasked with managing specialized sectoral and thematic funds. This initiative forms a pivotal component of a comprehensive strategy designed to expedite investment and foster job creation throughout......
MSA Safety, a renowned manufacturer of safety equipment, solidifies its presence in Morocco this week through the inauguration of an expanded production facility in the North African nation. In an official press release, the Pennsylvania-based company positions the facility as a pivotal component of......
In a significant milestone for the cement sector, the Association Professionnelle des Cimentiers (APC) proudly announces the addition of NOVACIM as its newest member. This prestigious decision was officially ratified during the APC's General Assembly on December 18th, solidifying the inclusion of......
Esteemed economists and policymakers from the Middle East and North Africa convened in Cairo this week to formulate plans aimed at promoting inclusive development within the region. This high-level seminar sought to build upon the momentum generated during last fall's "Call for Action,"......
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