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Moroccan Parliament Advances Controversial 2024 Budget Bill

On Wednesday, Morocco's Lower House took a pivotal step in the approval process for the 2024 Finance Bill, amidst heated discussions on proposed tax reforms. In a narrow decision, lawmakers pushed the budgetary legislation forward in a second reading, garnering support from 87 members of parliament,......

Moroccan Navy Rescues 56 Migrants Bound for the Canary Islands

In a commendable humanitarian effort, the Royal Moroccan Navy intercepted an overcrowded boat carrying 56 migrants off the coast of Morocco this week. The vessel, bound for the Spanish Canary Islands, held 54 sub-Saharan Africans and 2 Bangladeshi nationals, highlighting the persistent challenges faced......

Cultural Renaissance: The Moroccan Forum of Cultural and Creative Industries

The Moroccan cultural scene is gearing up for a creative surge with the inaugural edition of the Moroccan Forum of Cultural and Creative Industries (CCI). Supported by the Hiba Foundation, the European Union, the French Institute of Morocco, and the Ministry of Youth, Culture, and Communication, this......

Morocco's Strategic Move: $195 Million Boost Through Short-Term Investments

The Moroccan government is making a bold play in the realm of short-term investments to invigorate economic growth. In a recent move, the nation's Treasury and External Finance Department injected a substantial sum of 1.9 billion Moroccan dirhams (equivalent to almost $195 million) into overnight......

Morocco Maximizes Fiscal Gains with Budget Surplus Investment

Morocco's Treasury capitalizes on a favorable budget surplus this year, signaling a positive turn in the nation's economic landscape. On Tuesday, the Treasury and External Finance Department (DTFE) under the Ministry of Economy and Finance unveiled plans for a strategic investment, injecting......

Fueling Compliance in Morocco's Oil Industry

The Moroccan Competition Council has issued a stern warning to the behemoths of the oil industry, emphasizing the consequences of failing to honor their commitments. Council President Ahmed Rahhou, in a recent interview, shed light on the persistent scrutiny of the country's diesel and gasoline markets,......

OCP Group's Strategic Move: Securing 5 Billion MAD through Perpetual Subordinated Bond Issue

In a strategic move to fortify its financial structure, OCP Group, the giant phosphate producer, has obtained approval from the Moroccan Capital Market Authority (AMMC) for a perpetual subordinated bond issuance. This issuance, valued at 5 billion Moroccan Dirhams (MAD), includes options for early repayment......