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Category: Business
Fitch Ratings highlights Morocco’s resilient liquidity in wake of earthquake
Fitch Ratings has released a note recognizing the impact of the earthquake on Morocco’s fiscal deficit while reassuring remittances from Moroccans abroad and the IMF’s ... Read More
Morocco’s Central Bank pauses monetary tightening as inflation eases
Morocco’s central bank pauses its monetary tightening as inflation is expected to further drop to 2.6% in 2024 from 6% in 2023 amid preparations for ... Read More
AfCFTA to boost remittances by making cross-border transactions cheaper
The African Continental Free Trade Area (AfCFTA) has potential to increase cross-border remittances by migrants, according to a new report by World Bank, even as ... Read More
Central banks of Egypt, UAE ink bilateral currency swap Agreement
The Central bank of Egypt (CBE) and that of the United Arab Emirates (CBUAE) signed Thursday September 28 a Bilateral Currency Swap Agreement between the ... Read More
EBRD expects Morocco’s growth to reach 3.1 % in 2023
The European Bank for Reconstruction & Development expects Morocco’s economic growth to reach 3.1 % up from the 1.3 % recorded in 2022 when a ... Read More
Mauritania extends for six months MoU with Cairo-based Arab Contractor to build tramway in Nouakchott
Mauritania has extended for six months the Memorandum of understanding (MoU) with the Egyptian Arab Contractor company to build a tramway in capital Nouakchott, local ... Read More
Morocco creates agency to oversee reconstruction in quake-hit High Atlas Mountains
Morocco set up the High Atlas Mountains development agency to oversee reconstruction efforts in the earthquake-hit areas. The agency was set up in implementation of ... Read More
Morocco unveils national strategy to take global stage in green hydrogen industry
Morocco has spelled out its national strategy to become a global player in green hydrogen industry as of next year. The kingdom is poised to ... Read More
Morocco’s King calls on government to review family code
King Mohammed VI, Commander of the Faithful, has launched the process of reforming the Family Code to keep pace with the changes taking place in ... Read More
Morocco’s Central Bank keeps rates unchanged, expects growth to reach 2.9 % in 2023 & 3.2 % in 2024
Morocco’s central bank has decided to keep its key rate unchanged at 3 percent due to the high degree of uncertainty surrounding the international developments ... Read More