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Keywords: Economy


Cryptocurrencies and Tax Obligations in 2024: What You Need to Know to Properly Declare Your Gains

Bitcoin reached new highs in March 2024, surpassing $72,000. While this performance is excellent news for cryptocurrency investors, it also raises questions about the tax obligations associated with these digital assets. With the recent evolution of legislation governing the management of crypto-assets,......

Inflation in Morocco Hits Lowest Level in Eleven Quarters

According to the High Commission for Planning (HCP), inflation would have continued its downward trend to reach its lowest level in eleven quarters, standing at +1.1% in the first quarter of 2024, which is 2.7 points lower than the previous quarter. This easing of prices would have resulted from a marked......

U.S. Treasury Bond Yields Rise After Strong Jobs Report

U.S. Treasury bond yields rose on Friday after March employment data exceeded expectations. The yield on 10-year Treasury bonds increased by 7 basis points to 4.378%, while that of 2-year bonds rose to 4.715%. The U.S. economy added 303,000 nonfarm jobs last March, well above expectations, according......

Aziz Akhannouch to Present Midterm Government Balance

Prime Minister Aziz Akhannouch will present the midterm balance of his government after the opening of the spring session of Parliament, which is scheduled for this Friday, April 12. This was announced by the majority parties during a meeting held on Thursday in Rabat. The majority parties met on Thursday,......

Abdel Fattah Al-Sissi Begins Third Presidential Term in Egypt

Egyptian President Abdel Fattah Al-Sissi was sworn in Tuesday before Parliament for a third six-year term. Al-Sissi, who was first elected in 2014 and reelected in 2018, begins his third term as president of Egypt after winning the presidential elections in December with 89.6% of the votes. In a speech......

Baltimore Port Set to Reopen Following Bridge Collapse

The reopening of the Baltimore port, currently shut down following the collapse of the Francis Scott Key Bridge, will take place "as quickly as possible," assured Maryland Governor Wes Moore, as clearance operations have commenced. "It's not just about Maryland. It's about our......

Morocco Unveils Visionary Plan to Expand LNG Infrastructure

In a significant stride towards enhancing its energy landscape, Morocco has introduced an ambitious program aimed at strengthening its Liquefied Natural Gas (LNG) infrastructure. The Sustainable Gas Infrastructure Development Program, delineated in a Memorandum of Understanding (MoU) signed by five governmental......

Ramadan Bounty: Morocco's Markets Abundantly Stocked with Varied Offerings

In a reassuring announcement, the Directorate of Competition, Prices, and Compensation, under the auspices of the Ministry of Economy, has declared that Morocco's national markets have been abundantly supplied with a diverse array of goods throughout the first weeks of the holy month of Ramadan,......

Addressing Persistent Inflation Amidst Soaring Food Prices in Morocco

In January 2024, consumer prices in Morocco surged by 2.3%, driven primarily by a notable 4.2% increase in the food price index compared to the same period last year, as reported by the High Commission for Planning (HCP). Despite a 0.6% month-on-month decline in the overall consumer price index (CPI)......

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