- 13:10Morocco's INNOVX Launches ParkX: Pioneering Sustainable Industrial Parks for a Greener Future
- 12:30Music Mogul Sean 'Diddy' Combs Entangled in Escalating Legal Turmoil
- 11:40Morocco Takes Center Stage at Francophonie Summit: PM Akhannouch Represents King Mohammed VI
- 11:09Morocco's Diplomatic Tightrope: Navigating Economic Ties with Russia Amid Ukraine Conflict
- 11:00France Reaffirms Support for Morocco's Sahara Plans Despite EU Court Ruling
- 10:20EU Banking Reforms Spark Concern for Vital Moroccan Remittances
- 10:00Toyota Motor Corp Reassesses DEI Initiatives and Halts LGBTQ Sponsorships
- 09:45Spain Stands Firm: Foreign Minister Reaffirms Sahara Stance Amid EU Court Ruling
- 09:15Moroccan Engineering Students Clinch Second Place at Global Enactus Competition
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Rising Government Spending Overshadows Revenue Gains As of July 2024, Morocco's budget deficit has expanded to MAD 35.2 billion ($3.56 billion), up from MAD 27.7 billion ($2.8 billion) in the same period last year, according to the Treasury General of the Kingdom (TGR). The deficit includes a positive......
In a significant move, the Moroccan Treasury and External Finance Department, operating under the Ministry of Economy and Finance, has executed three substantial cash surplus investments totaling MAD 13.2 billion. The first transaction involved a repo investment valued at MAD 11 billion, spread over......
Morocco's fiscal situation has undergone a remarkable turnaround, showcasing substantial improvement as the budget deficit shrinks to a mere MAD 1.18 billion (approximately $113 million) by the end of April 2024. This figure marks a significant decline from the MAD 10.58 billion deficit recorded......
In response to the longstanding request from Moroccan residents abroad (MRE), the implementation of an online consular service demonstrates the deep concern that His Majesty King Mohammed VI has for the members of the Moroccan community living overseas, aiming to enhance their reception and support at......
In a testament to Morocco's strong economic performance, the Kingdom's General Treasury (TGR) has reported that net customs revenues soared to a remarkable MAD 20 billion ($2 billion) in the first quarter of 2024, marking a 1.8% increase compared to the same period the previous year. According......
U.S. Treasury bond yields rose on Friday after March employment data exceeded expectations. The yield on 10-year Treasury bonds increased by 7 basis points to 4.378%, while that of 2-year bonds rose to 4.715%. The U.S. economy added 303,000 nonfarm jobs last March, well above expectations, according......
In the realm of Moroccan customs, 2023 marked a year of modest progress, with recent data revealing a slight uptick in overall revenues amidst fluctuating streams of income. Despite facing some ups and downs, the total net customs revenues for 2023 reached 84.49 billion dirhams ($8.3 billion), showcasing......
Morocco's Treasury is confidently steering the nation towards sustained financial prosperity. In a strategic move this week, the Treasury and External Finance Department (TEFD) allocated an impressive 2.32 billion Moroccan dirhams ($239 million) from cash surpluses to short-term operations. This......
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......