Breaking 17:15 Vodafone idea reports surprise quarterly profit in India 17:00 United Kingdom: Wes Streeting announces bid to succeed Keir Starmer 16:45 Cannes Film ‘Gentle Monster’ explores taboo issues without easy answers, says director 16:30 China prepares to launch new crewed space mission to Tiangong station 16:15 India reports first seizure of Captagon worth 19 millions dollars 16:00 Tesla raises prices of Model Y cars in the United States for the first time in two years 15:45 Latvia: Opposition conservative figure tasked with forming new government 15:30 Sony mocked over AI photo editing that makes images look worse 15:15 Morocco accelerates energy transition with new 90 MW solar project 15:00 Train collision in Bangkok leaves at least eight dead 14:45 Long Island Rail Road strike disrupts New York’s busiest commuter line 14:30 Erdogan accuses Israel of fueling regional tensions for strategic ambitions 14:15 Harvey Weinstein rape retrial ends without a verdict 14:00 New Israeli strikes hit southern Lebanon despite extended truce 13:45 HRH Princess Lalla Meryem chairs meeting of the Royal Armed Forces social services council 13:30 Agdal district in Fez uses local culture to reinvent urban space 13:15 Rising diesel costs from Iran war strain U.S. school budgets 13:00 Trump returns from China with stability and strategic stalemate 12:45 Jeanine Hennis-Plasschaert appointed head of United Nations safety and security 12:30 Middle East conflict triggers diet Coke shortage in India 12:15 Palestinian flag unfurled on the Eiffel Tower, six people detained 12:00 The “Ninjas” who swap out Eurovision Song Contest sets in 48 seconds 11:48 African nations seek financing alternatives as Iran war fuels inflation surge 11:45 Ukraine says it received bodies of 528 fallen soldiers from Russia 11:39 Mercedes benz chief signals readiness for defense production shift 11:30 Over 500 candidates elected unopposed ahead of South Korea local elections 11:23 Musk backs orbital data centers as AI energy warnings grow 11:15 Latvian President holds coalition talks after prime minister resigns 11:08 Subaru delays electric vehicle rollout and shifts to hybrids 11:03 Authentic Monet painting labeled as AI fools online critics 11:00 Dutch government plans to vaccinate laying hens against bird flu 10:55 OpenAI seals deal in Malta to give all Maltese access to ChatGPT Plus 10:50 Webook.com sells 35,000 match tickets in under two hours, setting an African record 10:45 Raï: Nations are not preserved by arms 10:33 Marrakech Comedy Festival unveils its first edition lineup celebrating emerging comic talent 10:30 Samsung Electronics and Union to resume wage talks amid labor tensions in South Korea 10:19 Morocco's Saïdia hosts fourth international beach rugby tournament with historic women's debut 10:15 French health authorities say no evidence of new Hantavirus variant 10:10 Lamacom launches Trineo, a Morocco-made cookware line built on triple-layer steel 10:00 Head of Harvard’s endowment plans retirement, reports say 09:56 Morocco strengthens role in global forest governance talks 09:45 NextEra and Dominion discuss major merger to create energy Giant in the United States 09:42 Casablanca fashion show gains global recognition in 2026 edition 09:32 Morocco and Syria restore ties amid Sahara regional realignment 09:30 Japanese restaurants face labor shortages after foreign worker visa freeze 09:15 Islamic State Leader killed in joint U.S.-Nigeria operation, Trump says 09:13 CNDH engages youth in debate on death penalty abolition in Morocco 09:00 Vladimir Putin to visit China days after Donald Trump’s trip 08:51 French court gives Saad Lamjarred a second rape conviction 08:45 Man in critical condition after shark attack in Australia 08:37 Morocco prepares $2 billion budget increase to contain price pressures 08:30 Taiwan reaffirms its independent status after Trump’s warning 08:30 Morocco turns argan waste into sustainable building insulation materials 08:16 Morocco’s national security expands modernization drive at 70th anniversary 08:15 Chinese officials meet Citigroup and Goldman sachs executives in Beijing 08:01 Morocco opens month long voter registration drive before September election 08:00 FIFA and Iranian Football officials to hold talks over 2026 World Cup participation

Keywords: Foreign exchange


Morocco's Currency Market: Dirham Shows Mixed Performance as Foreign Reserves Grow

The Moroccan Dirham demonstrated varied performance in foreign exchange markets during the week of December 19-24, recording a 0.7% depreciation against the US dollar while strengthening by 0.29% against the euro, according to the latest Bank Al-Maghrib (BAM) report. The nation's financial position......

Morocco's Aerospace Sector Soars: Exports Projected to Hit $4 Billion by 2030

Morocco's aerospace industry is experiencing a remarkable ascent, with exports reaching $1.3 billion in the first half of 2024. This achievement positions the sector as the country's leading export performer. In an exclusive discussion with Asharq Business, Hamid El Andaloussi, president of......

Morocco’s Aeronautical Sector Sees Impressive Growth in 2024

In the first half of 2024, Morocco’s aeronautical sector experienced a significant surge in exports, surpassing MAD 12.97 billion ($1.3 billion), marking a 16.5% increase from the previous year, according to the Office of Foreign Exchange. This remarkable growth is largely attributed to a substantial......

Morocco's Economic Crossroads: Central Bank Urges Caution on Flexible Exchange Rate Transition

In a decisive press conference on Tuesday, Bank Al-Maghrib Governor Abdellatif Jouahri delivered a sobering assessment of Morocco's readiness to transition to a flexible exchange rate regime. Despite notable macroeconomic progress, Jouahri emphasized that the nation's economic landscape, particularly......

Phosphate Trade Surges as Morocco's Export Powerhouse Fuels Growth

Morocco's economic prowess shines brightly through its flourishing phosphate sector, propelling the nation's export figures to unprecedented heights. Recent data from the Foreign Exchange Office vividly illustrates the remarkable growth of this industry, with phosphate and its derivative products......

Moroccan Dirham's Stability Against Dollar, Euro Fluctuates Amid Central Bank's Weekly Auctions

The Moroccan dirham displayed a mixed performance against major foreign currencies last week, as per the latest data released by Bank Al-Maghrib (BAM), the country's central bank. While the dirham maintained its value against the U.S. dollar, it experienced a decline of 0.91% when measured against......

Moroccan Expat Remittances Surge to $11.5 Billion in 2023

In 2023, remittances from Moroccan expatriates reached an all-time high of nearly 115.15 billion Moroccan dirhams ($11.5 billion), as reported by the country's Foreign Exchange Office. This figure marks a notable 4% increase compared to the previous year, underscoring the robust economic ties between......

Morocco Implements Sweeping Changes to Liberalize Foreign Exchange Rules and Stimulate Business Growth

Rabat - In a significant move, the Moroccan government has enacted comprehensive reforms aimed at removing constraints on foreign exchange transactions and enhancing the efficiency of international business operations. Effective from January 2nd, the new General Instruction on Foreign Exchange Operations......

Moroccan Trade Deficit Shrinks: Imports Decline, Exports Hold Steady

Morocco's trade deficit witnessed a substantial reduction during the first 11 months of 2022, decreasing by 21.5 billion Moroccan dirhams (DH) compared to the same period last year, according to the country's Foreign Exchange Office. In the midst of global economic challenges, exports demonstrated......

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