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Morocco's Tax Program Nets MAD 6 Billion in Treasury Funds

Morocco's voluntary asset disclosure initiative has generated MAD 6 billion for the public treasury from declared assets totaling MAD 127 billion, according to government spokesperson Mustapha Baitas during a Thursday press conference. The program has successfully strengthened relationships between......

Morocco's Industrial Sector Shows Modest Growth as Producer Prices Edge Up in November 2024

Morocco's industrial sector demonstrated subtle economic shifts in November 2024, with the Industrial Producer Price Index Excluding Petroleum Refining recording a modest 0.1% increase, according to recent data from the High Commission for Planning (HCP). The food industry emerged as the strongest......

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......

Moroccan Business Outlook: Over 30% Anticipate Growth in Upcoming Quarter

In a glimpse into the Moroccan market's future, a recent survey conducted by Bank Al-Maghrib, the country's central bank, reveals that more than one-third of business owners (34%) are optimistic about improved market conditions in the next three months. This survey, conducted in November, provides......