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High Wages: An Asset for Workers, a Challenge for Businesses?

Morocco boasts the third-highest minimum wage among major EU garment suppliers, presenting both opportunities and challenges for the country's vital textile industry. A recent study from the French think tank Evalliance suggests that Moroccan manufacturers may need to adapt pricing and production......

Morocco: A Harmonious Blend of Tradition and Modernity Secures Its Place at the Top Among Africa's Must-Visit Destinations

Amidst the kaleidoscope of Africa's rich offerings, ranging from Kenya's majestic wildlife to the ancient alleys of Morocco's imperial cities, one destination shines prominently on the 2024 travel charts – Morocco. According to Lifestyle Capital's authoritative ranking, Morocco......

Red Sea Attacks Drive Up Asia-Morocco Shipping Costs by 60-100%

A recent surge in attacks on commercial ships transiting the Red Sea has prompted shipping companies to impose substantial surcharges on Asia-Morocco cargo routes over the past three weeks. According to Rachid Tahiri, president of Morocco's Association of Freight Forwarders, rates for a standard......

British MP Urges UK to Recognize Moroccanness of the Sahara for Enhanced Bilateral Ties

A British Member of Parliament (MP), Liam Fox, is advocating for the United Kingdom to align itself with the United States in supporting the full recognition of Moroccan sovereignty over the Sahara. Following his recent visit to Morocco, Fox emphasized in a televised interview on Sunday that the UK has......

Inflation Slowdown Provides Short-Term Relief in Morocco

Morocco's inflation rate saw a welcome decline to 6.1% in 2023, down from the previous year's 6.6%, as reported by the latest data from the country's official statistics agency. This modest deceleration signals a potential respite after two years of steadily rising prices that have strained......

Impact of Prolonged Drought on Morocco's Agriculture Sector in 2023

Morocco's crucial agriculture industry faced severe setbacks in 2023 due to an enduring drought that persisted throughout the year, according to new data. A report from the Higher Commission for Planning (HCP) reveals the devastating consequences of the prolonged water shortage, with the agriculture......

Morocco's Vigilant Monitoring of Seismic Activities Following a Devastating Earthquake

Morocco remains steadfast in its commitment to closely monitor seismic activities within its borders through an extensive network of advanced sensors, according to Nasser Jebbour, the head of the National Geophysics Institute's National Center for Scientific and Technical Radio. The implementation......

Realizing Housing Dreams: Nearly 8,000 Moroccans Benefit from New Government Initiative

In response to a novel government initiative providing direct housing support, an overwhelming wave of enthusiasm has emerged, as evidenced by the submission of over 8,000 applications within the initial days of its launch. According to data released by the Ministry of National Planning, Urban Planning,......

Morocco Allocates Excess Cash into Short-Term Investments

In a strategic move, the Moroccan government is actively deploying its surplus funds, committing over 3 billion Moroccan dirhams (equivalent to over $300 million) into short-term debt instruments this week. On Friday, the Treasury and External Finance Department, a division within the Ministry of Economy......