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Egypt has implemented a significant increase in electricity prices for households, with rates soaring up to 50%, according to government sources. This move is part of a broader strategy to phase out subsidies, aligning with an agreement with the International Monetary Fund (IMF). The electricity ministry......
Projected Spending Cuts and Fiscal Strategies Signal Optimism Amid Challenges Morocco is on a path to reduce its fiscal deficit over the next few years, according to a new report from Fitch Ratings. The credit rating agency forecasts that the North African nation’s fiscal deficit will decrease......
In an era of increasingly unpredictable climate patterns, Morocco's agricultural sector is grappling with the realities of diminished rainfall. According to Mohamed Sadiki, the Minister of Agriculture, Maritime Fisheries, Rural Development, and Water and Forests, the nation's agricultural reservoirs......
In an unprecedented display of global outreach, the Spanish government has emerged as a beacon of financial support, channeling nearly €300 million annually into the coffers of foreign organizations and entities across the world. This monumental initiative, orchestrated by the Spanish Ministry of......
In a move aimed at realigning the nation's energy subsidies, Fouzi Lekjaa, Morocco's Minister Delegate in charge of the budget, has clarified the government's stance on the recent price increase for butane gas cylinders. Speaking with a pragmatic tone, Lekjaa emphasized that the adjustment......
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......
Morocco is bracing for a paradigm shift in consumer spending as the government announces plans for a phased increase in the price of butane gas, coinciding with projected escalations in potato prices over the coming three years. Departing from long-standing subsidy practices towards more targeted aid......
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......
Morocco's organic industry has revealed an ambitious strategic roadmap, aiming to propel significant growth. Maroc Bio, the country's exclusive organic trade group, is intensifying efforts to support farmers transitioning to organic methods, particularly by simplifying access to government subsidies. During......