Keywords: Exchange
The Chinese group "Jong Wei," a specialist in battery materials production, has announced a slowdown in its expansion across Asia, suspending a project in South Korea and postponing two others in Indonesia. However, the company reaffirmed its commitment to strengthening investments in Morocco,......
Following the successful public debut of irrigation company CMGP, Morocco has unveiled plans to triple the number of companies listed on the Casablanca Stock Exchange by 2035. CMGP's December 2024 initial public offering (IPO) saw its stock value surge 75% post-listing, drawing unprecedented investor......
The Moroccan dirham experienced a minor depreciation of 0.2% against both the Euro and US dollar during the period of January 30 to February 5, according to Bank Al-Maghrib (BAM). This modest decline follows a period of exchange rate stability in the previous week. The central bank's weekly bulletin......
Hamas has released three Israeli hostages as part of the ongoing ceasefire agreement established with Israel last month. The International Committee of the Red Cross (ICRC) facilitated the transfer of Eli Sharabi, 52, Or Levy, 34, and Ohad Ben Ami, 56, in Deir el-Balah, central Gaza. The exchange took......
Global gold demand is set to reach unprecedented levels in 2024, driven by a mix of economic uncertainties, increasing geopolitical tensions, and a surge in gold purchases by central banks. According to the World Gold Council’s annual report, total gold demand is expected to hit 4,974 tons in 2024,......
Remittances from Morocco's diaspora reached MAD 117.7 billion ($11.7 billion) in 2024, marking a 2.1% increase from the previous year's MAD 115.26 billion ($11.4 billion), according to data from the Moroccan Exchange Office. The significant financial inflow maintains Morocco's position as......
Morocco's tourism sector has achieved remarkable success, with travel revenues soaring to MAD 112.5 billion ($11.1 billion) in 2024, marking a 7.5% increase from the previous year, according to data released by the Exchange Office. The surge in tourism activity is reflected in both revenue and visitor......
A groundbreaking agreement on mutual recognition of driving licenses between Morocco and Italy took center stage at Thursday's Government Council meeting in Rabat. The accord, signed on March 27, 2024, in Rome, was presented alongside Bill 38.24 for ratification. Foreign Affairs Minister Nasser......
Israeli Prime Minister Benjamin Netanyahu has postponed the second round of Hamas-Israel hostage release negotiations, originally scheduled for Monday in Qatar, to first consult with US President Donald Trump in Washington on Tuesday. The delay comes after Netanyahu unexpectedly canceled a Saturday......
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