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Chile deepens ties with Morocco as Andean support strengthens

A delegation led by Chilean Senate President Manuel José Ossandón met with Mohamed Ould Errachid, President of Morocco’s House of Councilors, in Laayoune on Thursday. This high-level meeting occurred during the Andean Parliament’s historic session in Morocco and focused on expanding......

Morocco as a model for international reform initiatives

Morocco is increasingly recognized as a "true model" for other nations, driven by a series of robust reform programs, according to Rebeca Grynspan, the Secretary-General of the United Nations Conference on Trade and Development (UNCTAD). During a press conference in Geneva, Grynspan emphasized......

U.S. Tariff Increase highlights urgent need to boost intra-African trade

African economies find themselves at a critical crossroads, faced with the dual pressures of American protectionism and the pressing need for strategic economic realignment. The recent announcement from the U.S. government regarding tariffs reaching up to 50% on imports from 185 countries—51 of......

IMF approves $4.5 billion flexible credit line for Morocco

The Executive Board of the International Monetary Fund (IMF) has granted a new two-year agreement for Morocco under the Flexible Credit Line (FCL), amounting to approximately $4.5 billion, or 386% of the country's quota. According to a statement released on the IMF's official website, this agreement......

Spain-Morocco undersea tunnel set to cost €15 billion

The ambitious Spain-Morocco undersea tunnel project, designed to connect Morocco’s Tangier with Spain’s Algeciras through the Strait of Gibraltar, is estimated to carry a hefty price tag of €15 billion, as reported by Spanish newspaper La Razón. This monumental initiative is......

Spaniards’ purchasing power stagnates despite economic growth

Recent data from Eurostat reveals that despite Spain's ongoing economic growth, the purchasing power of its residents remains as low as it was 25 years ago. Spaniards now find themselves eight points below the EU average income level, a stark reminder that macroeconomic indicators do not always reflect......

Morocco’s Economic Growth Slows to 3.7% in Late 2024

Morocco's economy recorded a growth rate of 3.7% in the final quarter of 2024, a decline from the 4.2% achieved in the same period last year. This slowdown, reported by the High Commission for Planning (HCP), is attributed primarily to a downturn in agricultural output, while non-agricultural sectors......

South Korea, China, and Japan strengthen regional trade cooperation amid U.S. tariffs

South Korea, China, and Japan held their first economic dialogue in five years on Sunday, aiming to boost regional trade amid the looming threat of U.S. President Donald Trump's tariffs. During the meeting, the three nations' trade ministers agreed to collaborate closely on high-level discussions......

GITEX Africa 2025: Exploring the Future of Fintech in Africa

GITEX Africa 2025 returns to Marrakech, showcasing the rapid transformation of the continent's financial landscape through innovative technologies and financial solutions. This year's event, taking place from April 14 to 16, is poised to illuminate Africa's fintech revolution and its implications......