Economy
Bitcoin, which has been soaring to record highs in recent weeks, experienced a significant decline, losing approximately $8,000 in value. This drop follows key decisions by the U.S. Federal Reserve, led by Chair Jerome Powell, that unsettled investors. Interest rate cuts spark concerns On December......
The Federal Reserve is poised to announce a quarter-point reduction in its benchmark interest rate, lowering it from approximately 4.6% to around 4.3%. While this marks a continuation of recent cuts, the pace of rate reductions is expected to slow in 2025, signaling a shift in the central bank's......
The Bitcoin market is currently experiencing a period of mixed signals, as the cryptocurrency undergoes dramatic fluctuations. After crossing the symbolic threshold of $100,000 in early December 2024, Bitcoin has since retreated to around $95,000 ($95,478.63 at the time of writing). This price swing......
Lockheed Martin has significantly strengthened its presence in Morocco as part of its ongoing efforts to boost defense partnerships in the North African region. This year marks a milestone for the company, celebrating 50 years of collaboration with Morocco, beginning with the delivery of the first C-130H......
The dollar-dirham exchange rate depreciated by 0.57% during the week of November 25 to 29, falling from 10.06 to 10. This marks a significant drop after the pair remained above the 10 dirham threshold earlier in the week, according to a report from Attijari Global Research (AGR). The decline was primarily......
As Donald Trump appears poised to reclaim the presidency, financial markets are experiencing significant shifts, with the US dollar and Bitcoin reaching new heights. The dollar surged approximately 1.5% against major currencies, including the British pound, euro, and Japanese yen, reflecting traders'......
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......
In an increasingly interconnected global economy, a growing number of nations are questioning the current international order and seeking alternatives to U.S. dollar dominance. This shift in perspective is not merely about economic policy; it represents a fundamental challenge to the existing power structures......
The United States Ambassador to Morocco, Bonnet Talwar, has highlighted the significance of Morocco's free trade agreements with Europe and the United States, positioning the country as a vital bridge between continents and an attractive destination for foreign investment. During a statement made......
In a notable development within the global energy market, Morocco and Egypt have emerged as the leading recipients of American thermal coal exports to Africa, collectively accounting for an impressive 98% of the total shipments to the continent. Recent data from the U.S. Energy Information Administration,......
Morocco Emerges as a Key Market for American Agricultural Products The United States has witnessed a substantial surge in its agricultural exports to Morocco, with the total value reaching an impressive $610.17 million in 2023, as reported by the U.S. Department of Agriculture (USDA). Reflecting on......
In a significant move that could reshape Morocco's economic landscape, Bank Al-Maghrib (BAM), the country's central bank, is expected to implement additional cuts to its policy rates during the latter half of 2024. This forecast, put forth by Fitch Solutions, suggests a continuation of the monetary......
