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Morocco’s Fiscal Challenges: Budget Deficit Climbs to MAD 35.2 Billion

Rising Government Spending Overshadows Revenue Gains As of July 2024, Morocco's budget deficit has expanded to MAD 35.2 billion ($3.56 billion), up from MAD 27.7 billion ($2.8 billion) in the same period last year, according to the Treasury General of the Kingdom (TGR). The deficit includes a positive......

US Air Force Faces Critical Challenges: Aging Fleet and Rising Costs Spark Concerns

The United States Air Force is confronting significant challenges that jeopardize its operational readiness and ability to address emerging global threats, especially in potential conflicts such as those with China over Taiwan. Recent reports and analyses, including those from the Mitchell Institute......

Urgent Reforms Needed for Morocco's Pension System Stability

In a recent critical assessment, the Financial Stability Report highlights pressing issues within Morocco's pension sector, necessitating urgent reforms to ensure its future viability. The report, a collaborative effort by Morocco’s central bank Bank Al-Maghrib (BAM), the Moroccan Capital Market......

Moroccan Pilgrims Granted Direct Route to Arafat: New Fatwa Eases Hajj Journey

In a landmark decision, Morocco’s Supreme Scientific Council has issued a fatwa permitting Moroccan pilgrims to bypass Mina and proceed directly to Arafat on the ninth of Dhul-Hijjah, addressing logistical and physical challenges faced during the Hajj pilgrimage. The announcement, made public......

Paris Organizers Cancel Olympic Open Water Swim Training Due to Polluted Seine

In a concerning development for the Paris Olympic Games, organizers have been compelled to cancel open water swimming training in the River Seine due to pollution concerns. This decision, announced early Tuesday, marks the fifth cancellation since the Olympic Games commenced on July 28, casting a shadow......

Intel to Slash Workforce by 15,000 in Strategic Overhaul

In a dramatic pivot, Intel has announced a significant reduction in its workforce, shedding 15,000 jobs, amounting to over 15% of its current employees. In a memo dispatched to employees on Thursday, the tech giant disclosed this substantial workforce cut as part of a broader strategy to reduce expenditures......

Throne Day Milestone: King Mohammed VI’s Commitment to Empowering the Moroccan Diaspora

As Morocco commemorates the 25th anniversary of Throne Day, the spotlight turns to the significant efforts of King Mohammed VI in championing the empowerment of the Moroccan diaspora. The monarch’s dedication to fostering positive reforms and supporting Moroccans abroad has been a recurring theme......

Maroc Telecom Expands Customer Base Amid Market Challenges and Legal Hurdles

Maroc Telecom, Morocco's foremost telecommunications provider, has reported a significant 5.1% increase in its customer base for the first half of 2024, reaching a total of 78.4 million subscribers. This growth comes despite facing stiff competition and legal challenges in its domestic market. The......

Morocco's Ambitious Irrigation Expansion: Cultivating a Sustainable Agricultural Future

In a bold move to address ongoing water scarcity concerns, Morocco has unveiled plans to significantly expand its water-saving irrigation systems. The initiative, announced by Mohamed Sadiki, Minister of Agriculture, Maritime Fisheries, Rural Development, and Water and Forests, aims to cover one million......