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Ramadan Bounty: Morocco's Markets Abundantly Stocked with Varied Offerings

In a reassuring announcement, the Directorate of Competition, Prices, and Compensation, under the auspices of the Ministry of Economy, has declared that Morocco's national markets have been abundantly supplied with a diverse array of goods throughout the first weeks of the holy month of Ramadan,......

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......

Nezha Hayat Secures Third Term as Chair of MENA Financial Market Regulators

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......

Bitcoin Surges Beyond $45,000 in Crypto Resurgence

Bitcoin has surged past the $45,000 mark for the first time since January 12th, buoyed by renewed confidence in the cryptocurrency market. This recent rally comes amidst a growing lack of trust in regional American banks following last year's banking crisis. Investors disillusioned with traditional......

Morocco Forges Strategic Tourism Partnerships to Attract Iberian and Latin American Travelers

The Moroccan National Tourism Office (ONMT) recently solidified several significant partnerships with top Spanish, Portuguese, and Latin American travel companies during the 44th International Tourism Fair in Madrid. These new alliances are poised to significantly enhance tourist arrivals from key markets......

Fuel Prices Drop Again, Bringing Relief for Moroccan Drivers

Moroccan motorists received encouraging news at the pump this week as fuel prices continued their downward trend. Reports from major cities across the country confirm that the cost of diesel and gasoline experienced a decline on Tuesday, offering additional relief for drivers grappling with high fuel......

US Agricultural Leaders Forge Lasting Bonds on Groundbreaking Morocco Trade Mission

A delegation of prominent figures from the American agricultural sector has embarked on a historic trade mission to Morocco, spearheaded by Ted McKinney, CEO of the National Association of State Departments of Agriculture (NASDA). Their objective is to lay the groundwork for a potentially fruitful farming......

Food Prices Witness a Significant Drop: Global Costs Decline by 13.7% in 2023

Over the past year, food prices worldwide have experienced a substantial decline, offering much-needed relief to consumers and marking a departure from the soaring costs witnessed in 2022. According to data released on Friday by the United Nations' Food and Agriculture Organization (FAO), the global......