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......
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......
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......
The recent decision by the Court of Justice of the European Union (CJEU) to annul trade agreements between the EU and Morocco has sent shockwaves through the Andalusian fishing industry. The regional government of Andalusia, Spain, has raised concerns that this ruling will have severe repercussions for......
The MASI Index Drops by 1.8%, Reflecting Market Volatility The Moroccan dirham maintained its stability against the euro but experienced a 1.17% depreciation against the US dollar between September 26 and October 2. This fluctuation underscores the ongoing dynamics in the global currency market and......
The European Union's latest banking regulations, initially designed to address post-Brexit financial concerns, have inadvertently raised alarms in Morocco. These new rules threaten to disrupt a crucial economic lifeline for the North African nation – remittances from its diaspora in Europe. In......
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