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Economic crisis deepens in Morocco as 89% of families unable to save

A recent survey by Morocco's High Commission for Planning (HCP) reveals a stark economic reality facing Moroccan households, with only 11.1% expressing optimism about their ability to save in the coming year. The overwhelming majority - 88.9% of families - see no possibility of building savings as......

Morocco's Business Landscape Faces Critical Challenge as 40,000 Companies Face Closure in 2024

The Moroccan business sector is experiencing significant turbulence as an estimated 40,000 businesses are expected to close their doors by the end of 2024, according to recent reports from the Moroccan Confederation of SMEs (CMTPME). This dramatic increase in business closures highlights the ongoing......

German Political Crisis Triggers Early Elections as Parliament Dissolves

The German political landscape faces a significant shift as President Frank-Walter Steinmeier has dissolved parliament and scheduled snap elections for February 23. This decision follows Chancellor Olaf Scholz's loss of a confidence vote on December 16, which left him heading a minority government. The......

16% of Moroccan Construction Firms Face Supply Chain Challenges in 2024

Supply chain pressures risk stalling growth in a recovering industry Morocco's construction sector is grappling with persistent supply chain disruptions, with 16% of firms reporting significant challenges in sourcing raw materials during the third quarter of 2024. This is according to recent data......

King Mohammed VI appoints new cabinet led by Aziz Akhannouch: A strategic shift in Moroccan governance

His Majesty King Mohammed VI has officially appointed the second iteration of Aziz Akhannouch's government, unveiling a cabinet that blends fresh faces with experienced officials. This announcement, made on Wednesday, signifies a pivotal moment in Morocco's political landscape as the nation grapples......

Morocco Braces for Surge in Business Insolvencies: Economic Challenges Ahead

The Moroccan business landscape is set to face significant challenges in the coming years, according to a recent global report by Allianz Trade. The study, titled "Global Insolvency Outlook: The ebb and flow of the insolvency wave," predicts a substantial increase in business insolvencies across......

Moroccan Startups Face Uphill Battle: Only Half Survive Beyond 5 Years

Morocco's business landscape is facing significant challenges, as revealed by a recent joint report from the World Bank and the Moroccan Observatory of Very Small, Small, and Medium Enterprises. The study, titled "Unleashing the Potential of the Moroccan Private Sector: An Analysis of Business......

Morocco's Coalition Government Reaffirms Commitment to Palestinian and Lebanese Causes

In a significant meeting, Morocco’s government coalition expressed strong condemnation of the ongoing violence in Palestine and reaffirmed its support for Lebanon. The council's statement underscored the belief that enduring peace and stability in the region can only be achieved through a two-state......

Morocco's Trade Imbalance Grows: Exports Rise, but Imports Surge Faster

Morocco's trade deficit expanded to 196.85 billion dirhams ($19.3 billion) by the end of August 2024, marking a 3.2% increase from the previous year. This widening gap between imports and exports highlights the ongoing challenges faced by the North African nation in balancing its international trade. The......