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McDonald's Extends Popular $5 Value Meal Amidst Growing Customer Return

McDonald's has decided to extend its successful $5 value meal promotion across most of its U.S. markets, a move that comes in response to the deal's significant impact in drawing diners back to the chain. This decision follows an internal memo sent to the U.S. system and obtained by CNBC on Monday,......

Morocco's Inflation Cools to 2.4% in June 2024, Nearing Central Bank's Target

In a significant economic development, Morocco's inflation rate has shown signs of stabilization, registering an annualized growth of 2.4% at the close of June 2024. This figure marks a substantial improvement from the tumultuous period that began in November 2022, when inflation started an upward......

Navigating Syria's Shifting Political Landscape: A Closer Look at the 2024 Parliamentary Elections

In a political landscape marked by ongoing challenges, Syrians headed to the polls on Monday to elect members of a new parliament. This fourth parliamentary election since the 2011 anti-government protests and subsequent civil war comes amidst an economic crisis that has fueled demonstrations in the......

Morocco's Economic Landscape Shifts as Inflation Halves in Q2 2024

In a significant economic development, Morocco witnessed a dramatic reduction in inflation during the second quarter of 2024, with rates plummeting to 0.7% from 1.2% in the preceding quarter. This remarkable shift, as reported by the High Planning Commission (HCP), paints a nuanced picture of the North......

Bank Al-Maghrib Lowers Interest Rates to 2.75% Amid Inflation Decline

In a significant monetary policy shift, Morocco’s central bank, Bank Al-Maghrib, has announced a 25 basis point reduction in its benchmark interest rate, bringing it down to 2.75%. This move, marking the first rate change in over a year, comes on the heels of a notable decline in inflation pressures......

Morocco’s Core Inflation Sees 2.2% Year-Over-Year Spike in May

Core inflation in Morocco experienced a notable rise of 2.2% in May 2024 compared to the same month last year, as reported by the High Commission for Planning (HCP). This increase underscores persistent inflationary pressures within the Moroccan economy, even as the broader Consumer Price Index (CPI)......

COVID-19 and Inflation Compound Morocco’s Economic Inequalities, HCP Report Reveals

Disparities Deepen as Morocco’s Poor Bear the Brunt of Economic Crises Morocco’s recent economic challenges have disproportionately affected its least affluent citizens, according to a comprehensive report by the High Commission for Planning (HCP). The report highlights how the COVID-19......

Moroccan Government Unveils Strategy to Streamline Agricultural Supply Chain

In a bold move to rein in the soaring prices of agricultural products and protect the purchasing power of Moroccan citizens, the government has unveiled a series of targeted measures aimed at revamping the marketing and distribution of fruits and vegetables. This strategic initiative comes in response......

Economic Outlook in Morocco: A Nation Grapples with Financial Pressure

Survey Attributes Lingering Financial Strain to Post-Pandemic Challenges In a recent survey conducted by the Arab Barometer, only one-third of Moroccans expressed optimism about their country's economic situation. The survey, which took place from December 2023 to January 2024, highlights the enduring......