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Morocco and EIB Sign $532 Million Deal for Al Haouz Earthquake Recovery

Morocco has secured a vital agreement with the European Investment Bank (EIB) to finance the recovery efforts for the regions affected by the Al Haouz earthquake. The Ministry of Economy and Finance, represented by Minister Delegate Fouzi Lekjaa, and EIB Vice President Ioannis Tsakiris, signed the deal......

Morocco's Tourism Boom: 13.1 Million Visitors Signal Strong Economic Recovery

Morocco's tourism sector is experiencing a remarkable resurgence, with visitor numbers soaring to 13.1 million by the end of September 2024. This impressive figure represents a substantial increase of approximately two million tourists compared to the same period in 2023, according to recent data......

Morocco's Q3 2024 Economic Pulse: Industrial Boom Offsets Agricultural Decline

Morocco's economy showed resilience in the third quarter of 2024, with growth reaching 2.8%, up from the 2.4% average recorded in the first half of the year. This uptick, reported by the High Commission for Planning (HCP), stems from a continued recovery in domestic demand and a robust increase in......

Morocco's Economic Resilience: S&P Forecasts Sustained Growth Amid Reforms

Morocco's economy is poised for sustained growth, according to a recent report by S&P Global Rating. The international credit rating agency has highlighted ongoing economic reforms in the North African kingdom, predicting that these measures will foster more inclusive and resilient economic expansion......

Hurricane Helene Devastates Southeastern U.S.: A Human Toll of 93 Lives Lost

Hurricane Helene has wreaked havoc across the southeastern United States, resulting in at least 93 confirmed fatalities and leaving millions without power. The storm has particularly impacted the states of North Carolina, South Carolina, Georgia, Florida, Virginia, and Tennessee, where authorities are......

Real Madrid's Brahim Diaz Sets Sights on Triumphant Return from Injury

Real Madrid midfielder Brahim Diaz has vowed to come back stronger following a significant injury that has sidelined him for an estimated two to three months. Speaking at the Forbes 30 Under 30 Festival in Madrid, Diaz shared his determination to overcome this setback and return to the pitch with renewed......

Morocco's Tourism Surge: 11.8 Million Visitors Signal Strong Recovery in 2024

Morocco's tourism sector is experiencing a remarkable resurgence, with the country welcoming 11.8 million tourists by the end of August 2024. This impressive figure represents a 16% increase compared to the same period last year, according to data released by the Directorate of Financial Studies......

Morocco Unveils $258 Million Flood Recovery Plan: A Lifeline for Devastated Regions

In the wake of catastrophic floods that ravaged several Moroccan provinces, the government has announced a comprehensive rehabilitation program with a budget of 2.5 billion Moroccan dirhams (approximately $258 million). This initiative, launched under royal directive, aims to rebuild and revitalize areas......

Japan's Political Shake-up: A New Era for the LDP and the Nation

In a pivotal moment for Japan's political landscape, the ruling Liberal Democratic Party (LDP) has elected Shigeru Ishiba as its new leader, setting the stage for a potential shift in the nation's direction. The leadership contest, which saw nine candidates vie for the top spot, was a battle......