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Keywords: Economic


Moroccan Dirham Holds Steady Against Euro, Dips Against US Dollar

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......

Morocco Takes Center Stage at Francophonie Summit: PM Akhannouch Represents King Mohammed VI

Morocco's Prime Minister Aziz Akhannouch is representing His Majesty King Mohammed VI at the 19th Francophonie Summit in Paris, underscoring the nation's commitment to cultural exchange and economic cooperation among French-speaking countries. The two-day event, themed "Create, innovate,......

Morocco's Diplomatic Tightrope: Navigating Economic Ties with Russia Amid Ukraine Conflict

In a complex geopolitical landscape, Morocco finds itself delicately balancing its significant economic relationships with Russia against mounting pressure from Western allies over the ongoing conflict in Ukraine. This intricate diplomatic maneuvering has been highlighted in a recent report by the Carnegie......

France Reaffirms Support for Morocco's Sahara Plans Despite EU Court Ruling

In a bold move that underscores the complex dynamics of European-African relations, France has declared its continued backing of Morocco's development efforts in Sahara. This stance comes in the wake of a recent European Court of Justice (ECJ) ruling that challenges the legality of trade agreements......

Cross-Border Workers Appeal to Spanish Government for Legal and Economic Support

In a significant development, approximately 200 Moroccan cross-border workers have reached out to the Spanish government, seeking assistance in regularizing their legal status and accessing their rightful economic benefits. These individuals, who have worked in the Spanish autonomous cities of Ceuta......

EU Court Invalidates Morocco Trade Agreements: Implications for European-African Commerce

The Court of Justice of the European Union (CJEU) has delivered a ruling that could significantly impact trade relations between the European Union and Morocco. The court has definitively annulled the agricultural and fisheries trade agreements between the two parties, citing that these accords were......

Rabat's Retail Renaissance: Carrousel Mall Ushers in New Era of Shopping and Entertainment

Rabat, Morocco's capital, has entered a new phase of retail development with the grand opening of Le Carrousel mall. This state-of-the-art shopping complex, representing an investment of over 600 million Moroccan dirhams (approximately $61.45 million), promises to transform the city's commercial......

New Horizons: Morocco Appoints Abdessamad Tajerramt as Consul General in Toronto

The Embassy of the Kingdom of Morocco in Ottawa has officially welcomed Mr. Abdessamad Tajerramt as the new Consul General in Toronto. This appointment is significant as it marks a new chapter in diplomatic relations between Morocco and Canada, particularly in the vibrant city of Toronto, which serves......

Morocco's Economic Resilience: S&P Forecasts Sustained Growth Amid Reforms

Morocco's economy is poised for sustained growth, according to a recent report by S&P Global Rating. The international credit rating agency has highlighted ongoing economic reforms in the North African kingdom, predicting that these measures will foster more inclusive and resilient economic expansion......

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