fayyad

Morocco’s foreign reserves hit historic peak on tourism and investment boom

Morocco’s foreign exchange reserves reached a historic level in 2025, rising to 443.27 billion dirhams or 49 billion USD, an 18% year-on-year increase, according to the central bank. The increase was driven mainly by the strong rebound in tourism revenues and a sustained recovery in foreign direct investment (FDI), supported by higher goods exports and […]

Respect for territorial integrity, salient theme in Russia-Arab cooperation forum

The Russia-Arab cooperation forum in Marrakech urged full respect of the sovereignty and territorial integrity of states and urged non-interference in domestic issues. This came in the final statement of the forum, attended by Russian Foreign Minister Sergei Lavrov and hosted by his Moroccan peer Nasser Boourita. Several states in the region struggle with the […]

Ivory Coast: bean shortage pushes cocoa exporters on verge of default

Cocoa exporters in Ivory Coast are on the verge of defaulting on their contracts due to a lack of beans and urgently need up to 150,000 tonnes to honor their commitments, according to industry sources. As the world’s top producer heads towards the end of its October-to-March main harvest, cocoa bean supply is tight, with […]