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Historic Mamounia Hotel Changes Hands: A $173 Million Deal

In a landmark transaction, the Moroccan government has sold its shares in the legendary Mamounia Hotel to the state-owned OCP Group for a sum of 1.7 billion dirhams ($173 million). This move signals a significant shift in ownership for Morocco's oldest and most illustrious hotel, celebrated globally......

Morocco Unveils Stringent Measures to Curb State Vehicle Misuse

In a bold move to enhance fiscal responsibility and public accountability, the Moroccan government is poised to implement sweeping reforms in the management of state-owned vehicles. This initiative, spearheaded by a forthcoming Prime Ministerial decree, aims to address longstanding concerns over the......

Paris Peace Forum Navigates Path for Equitable Global Transitions

The Paris Peace Forum (PPF) concluded its groundbreaking Spring Meeting in Benguerir, Morocco, at the University Mohammed VI Polytechnic (UM6P), marking a historic first as the global governance platform convened outside Europe. This strategic shift in location underscored a central theme of the event:......

Morocco Implements Incremental Price Increase for Butane Cylinders

The Ministry of Economy in Morocco has announced an impending price increase for gas cylinders, aiming to partially reduce the subsidy on butane cylinders for 2024. Effective from May 20, 2024, the cost of a 12 kg gas cylinder will rise by MAD 10, escalating from MAD 40 to MAD 50. Similarly, the price......

The Moroccan Minister of Economy and Finance Leads Kingdom's Delegation at IDA Summit in Nairobi

In a testament to Morocco's dedication to advancing international development, Minister of Economy and Finance, Nadia Fettah Alaoui, is representing His Majesty King Mohammed VI at the 21st Summit of the International Development Association (IDA 21) in Nairobi, Kenya. The summit, jointly organized......

Enhancing Partnership: France and Morocco's Drive towards Green Hydrogen and Electric Vehicles

During a visit to Morocco, French Economy Minister Bruno Le Maire emphasized France's commitment to fostering "very close" cooperation with Morocco across various industrial sectors. Similarly, Morocco expressed its eagerness to cultivate new partnerships. Both nations are steadfast in......

Morocco Primes for Next Phase of Exchange Rate Flexibility

In a move poised to further liberalize Morocco's economy, Finance and Economy Minister Nadia Fettah Alaoui has signaled the nation's readiness to advance to the next stage of its flexible exchange rate regime. In an interview with SkyNewsArabia on Monday, Alaoui spoke optimistically about the......

Pioneering Stock Trading: Casablanca Stock Exchange Unveils Cutting-Edge 'e-Bourse' Platform

The Casablanca Stock Exchange (CSE) is spearheading efforts to enhance financial education and inclusion in Morocco with the introduction of its groundbreaking e-Bourse digital trading platform. In a ceremony attended by senior government officials and financial leaders, the CSE formally unveiled this......

Morocco and World Bank Pledge to Strengthen Financial Cooperation

Morocco's economy and financial sector are poised for further enhancement, as Rabat and the World Bank affirm their dedication to elevating their partnership. During a meeting between Morocco's Finance Minister, Nadia Fettah Alaoui, and World Bank Vice President, Ferid Belhaj, both parties celebrated......