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A New Chapter for Moroccan Tourism: Achraf Fayda Takes the Helm of ONMT

On Monday, November 25, 2024, Achraf Fayda was officially appointed as the new Director General of the Moroccan National Tourist Office (ONMT) during a ceremony held in Rabat. This appointment, following his designation at the most recent Government Council, marks a pivotal moment in the leadership of......

Strengthening Ties: Morocco's Strategic Partnership with the United States

In a recent interview with the esteemed magazine 'Leaders', Morocco's Ambassador to the United States, Youssef Amrani, provided an insightful overview of the evolving Moroccan-American relations, highlighting the remarkable ascent of what he describes as an "exceptional partnership characterized......

Rachel Reeves Sets the Stage for Economic Transformation

In a pivotal moment for the UK, Chancellor Rachel Reeves is poised to unveil a Budget that promises significant tax increases, substantial borrowing, and ambitious spending initiatives. This Budget is not just a financial statement; it is a declaration of intent that aims to reshape the political landscape......

Morocco Unveils $735 Million Highway Expansion Plan Ahead of 2030 World Cup

Morocco is set to dramatically expand its motorway infrastructure through a comprehensive MAD 7.74 billion ($735 million) investment plan spanning 2025-2027. The initiative aims to add 1,000 kilometers of new highways to the nation's transportation network, strengthening its position as home to Africa's......

World Bank Strengthens $8 Billion Development Partnership with Morocco

The World Bank has reinforced its commitment to Morocco's development agenda, highlighting a robust partnership that encompasses 27 active projects valued at $8 billion. This announcement comes one year after the landmark 2023 Annual Meetings held in Marrakech. The institution's renewed dedication......

Women-Led SMEs Take Center Stage at ECA's North African Economic Forum

The Economic Commission for Africa (ECA) has concluded a significant policy dialogue in Rabat, Morocco, focusing on empowering women-led small and medium enterprises (SMEs) across North Africa. The two-day high-level meeting marked the culmination of a comprehensive two-year initiative aimed at strengthening......

Morocco's Economic Progress: Significant Gains in Global Inequality Rankings Amid Persistent Challenges

Morocco has achieved a remarkable improvement in its global inequality standings, advancing 30 positions to secure the 73rd spot among 164 nations in the 2024 Commitment to Reducing Inequality Index, according to a joint report by Oxfam and Development Finance International (DFI). The North African......

Morocco's Strategic Health Tax Reform: Balancing Public Wellness with Economic Growth

Morocco's parliament is taking bold steps toward modernizing its tax system through a comprehensive Finance Bill that targets consumable goods with significant public health implications. The proposed legislation, discussed in a recent ministerial council session led by King Mohammad VI, aims to......

Morocco's Economic Trajectory: IMF Projects Steady Growth Through 2025

Morocco's economy is set for a calculated upswing, with the International Monetary Fund (IMF) forecasting growth rates of 2.8% in 2024 and 3.6% in 2025, signaling a gradual but promising recovery for the North African nation. The latest "World Economic Outlook" report presents an encouraging......