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Economy



Morocco's Economic Ascent: Navigating Reforms for Future Growth

Morocco is charting a promising path toward growth and stability, propelled by strategic reforms and key sectors such as automotive and tourism, according to a recent report by Geopolitical Intelligence Services (GIS). These efforts, alongside hosting the 2030 World Cup, are set to enhance Morocco's......

US-Morocco Free Trade Agreement: 20 Years On, Economic Gains Fall Short of Expectations

Two decades after the United States and Morocco inked their Free Trade Agreement (FTA), the economic landscape presents a mixed picture. While bilateral trade has surged from $1.3 billion in 2006 to $5.5 billion in 2023, the anticipated economic windfall for Morocco remains elusive, according to a recent......

Harris Advocates for Tax on Unrealized Stock Gains for Ultra-Wealthy

Vice President Kamala Harris has recently endorsed a Biden administration plan that includes a tax on unrealized stock gains, sparking debate among conservative pundits and Trump supporters who argue that the proposal amounts to socialism or communism. The plan aims to impose a tax on stock holdings......

Canada Implements 100% Tariff on Chinese-Made Electric Vehicles, Aligning with U.S. Policy  

Canada has announced a 100% tariff on imports of Chinese-made electric vehicles, aligning with the United States’ stance. The move follows concerns from Western governments regarding China’s subsidies, which they argue provide an unfair advantage to Chinese industries.   This decision......

Debate Ignites Over Federal Price-Gouging Ban as States Lead the Way

In a heated exchange that has captured national attention, former President Donald Trump has denounced Vice President Kamala Harris' proposal for a federal ban on food price gouging, labeling it as "communist" price controls. However, experts argue that this characterization misses the......

Economic Pulse of America: Trump's Struggles and Harris's Fresh Approach in the 2024 Presidential Race

The 2024 U.S. presidential race has taken an unexpected turn, dramatically shifting the political landscape. Donald Trump, the Republican frontrunner, finds himself grappling with a changing narrative, while Kamala Harris, newly thrust into the spotlight as the Democratic candidate, brings a fresh dynamic......

Kamala Harris's Economic Tightrope: Navigating Challenges as Presidential Contender

As Kamala Harris gains momentum in the United States presidential race, surpassing Republican opponent Donald Trump in polls across five crucial swing states, economic experts are raising concerns about the potential hurdles she may encounter in implementing her fiscal agenda. The year 2025 looms as......

Starbucks Chief Executive Resigns Amidst Declining Sales and Rising Boycotts

In a significant shake-up at the helm of one of the world's most recognizable coffee chains, Starbucks has announced the departure of its Chief Executive Officer after less than two years in the position. This sudden change comes amid a backdrop of declining sales and a global customer boycott linked......

Inflation’s Toll: How Rising Costs Impact Moroccan Women’s Health

Morocco is grappling with a severe cost-of-living crisis, deeply affecting hunger and anemia rates among young women. Despite post-COVID economic growth, inflation has strained middle and lower-income families, leading to increased food insecurity. Economic Struggles and Food Scarcity The UN’s......

Enhancing Morocco's Financial Landscape: Key to Attracting Global Investors

Morocco must revitalize its financial sector to enhance its appeal as a business hub, according to the Milken Institute's 2024 Global Opportunity Index (GOI). Despite efforts to improve business allure, Morocco ranks 80th out of 129 countries in business infrastructure. The GOI evaluates countries......

Morocco's Aerospace Sector Soars: Exports Projected to Hit $4 Billion by 2030

Morocco's aerospace industry is experiencing a remarkable ascent, with exports reaching $1.3 billion in the first half of 2024. This achievement positions the sector as the country's leading export performer. In an exclusive discussion with Asharq Business, Hamid El Andaloussi, president of......

US Agricultural Exports to Morocco Soar to $610 Million in 2023

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......

Moroccan American Network Prepares Grand Celebration for 8th Annual Morocco Day in Washington D.C.

The Moroccan American Network is set to host a spectacular commemoration of the 8th annual Morocco Day in Washington D.C. on June 30, promising an event that will showcase the rich cultural tapestry and enduring diplomatic ties between Morocco and the United States. Founded in 2013 by Moroccan entrepreneur......

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