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Keywords: Economy
In a historic move, Morocco has officially become a member of the Integrated Industrial Coalition for Sustainable Economic Development, aligning itself with regional powerhouses such as the United Arab Emirates, Jordan, Egypt, and Bahrain. The coalition is strategically designed to spur regional economic......
Azura Group, a global leader in the fruit & vegetable and aquaculture sectors, has entered into a strategic partnership with Suez, a leading provider of circular economy solutions for waste. The collaboration involves the signing of two 6-year contracts for the management of organic waste from Azura’s......
Morocco's Treasury is confidently steering the nation towards sustained financial prosperity. In a strategic move this week, the Treasury and External Finance Department (TEFD) allocated an impressive 2.32 billion Moroccan dirhams ($239 million) from cash surpluses to short-term operations. This......
In the face of a nuanced economic landscape, Morocco demonstrates promising signs of growth, particularly in household consumption, despite encountering various challenges. A recent report from the High Commission for Planning (HCP) projects a 1.2% expansion in household spending during the first quarter......
In a strategic move, the Moroccan government is actively deploying its surplus funds, committing over 3 billion Moroccan dirhams (equivalent to over $300 million) into short-term debt instruments this week. On Friday, the Treasury and External Finance Department, a division within the Ministry of Economy......
A recent government report has quantified the substantial socio-economic benefits of expanding access to early childhood education in Morocco. According to the results-based, gender-sensitive budget report from the Ministry of Economy and Finance, universalizing preschool for 4-5 year-olds could create......
In a promising outlook for the Moroccan economy, Bank Al-Maghrib (BAM), the country's central bank, has projected a growth rate of 2.7% for the year 2023, with further improvements anticipated in the following years. The latest quarterly meeting of BAM has illuminated the positive trajectory, indicating......
The Moroccan Treasury is currently experiencing a surplus of funds, as announced by the Treasury and External Finance Department (DTFE) under the Ministry of Economy and Finance on Wednesday. A noteworthy influx of nearly 5 billion Moroccan dirham (approximately $500 million) in new short-term investments......
CAIRO - Egyptian President Abdel Fattah al-Sissi has secured a commanding win in the recent election, clinching an impressive 89.6% of votes amidst severe economic challenges and regional turbulence affecting the Arab world's most populous nation. The electoral commission officially declared the......
