Keywords: Finance
Morocco's fiscal situation has undergone a remarkable turnaround, showcasing substantial improvement as the budget deficit shrinks to a mere MAD 1.18 billion (approximately $113 million) by the end of April 2024. This figure marks a significant decline from the MAD 10.58 billion deficit recorded......
SDX Energy, a London-based energy firm, has taken a significant step towards strengthening its presence in Morocco with the receipt of a substantial cash infusion from the sale of its Egyptian assets. An initial $3.5 million from the sale of its West Gharib assets in Egypt has provided a financial boost,......
Morocco's telecommunications industry is undergoing a significant transformation as the nation's mobile market experiences remarkable growth. By the end of 2023, mobile connections had soared to 55.9 million, according to a report from the Ministry of Economy and Finance. This represents a 5.6%......
In a testament to Morocco's dedication to advancing international development, Minister of Economy and Finance, Nadia Fettah Alaoui, is representing His Majesty King Mohammed VI at the 21st Summit of the International Development Association (IDA 21) in Nairobi, Kenya. The summit, jointly organized......
In the dynamic landscape of Nigerian television, a groundbreaking series has emerged, captivating audiences with its bold exploration of financial empowerment. "Smart Money Woman," the Netflix adaptation of Arese Ugwu's bestselling novel, is more than mere entertainment; it's a clarion......
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,......
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......
Morocco's Islamic Affairs Minister, Ahmed Taoufiq, recently stirred controversy with his assertion that not all bank loans violate Islamic principles. During a Royal Ramadan Lecture, he challenged the prevailing consensus among Islamic scholars that charging or paying interest on loans, known as......
Nezha Hayat, the chief of Moroccan Capital Markets, has solidified her standing as a leader in regional financial regulation by securing her reelection as the chair of the Africa and Middle East committee of the International Organization of Securities Commissions (IOSCO). The announcement, made this......
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