jouahri boussaid

Morocco: Central Bank raises rates to 2.5 % & expects growth to reach 3pc in 2023

Morocco’s central bank has decided to raise its key rate by 50 basis points to 2.5pc due to inflation upward trends and external pressures that spread to non-tradable goods and services and to the implementation of the subsidy system reform starting 2024. During last quarterly meeting held Tuesday in Rabat, the Board of Bank Al-Maghrib […]

Sahara: El Salvador reiterates support for Morocco’s sovereignty over its Southern Provinces

Visiting Vice President of El Salvador, Felix Ulloa, said on Monday in Rabat that his country has always backed the Kingdom’s sovereignty over its southern provinces. He reiterated El Salvador’s support to Morocco’s territorial integrity and to the autonomy plan as the “only solution” to the Sahara regional dispute. Ulloa told the media that during […]

MP Industry Group joins Morocco’s growing automotive ecosystem

MP Industry Group, a subsidiary of the Romanian MEN Industry Group—has inaugurated its first plant in Tangier Automotive City, Northern Morocco. The plant, built over a 35,000 m2 area, will produce automotive plastic components using advanced injection molding techniques. Nearly $40 million has been invested in this facility which comes to enhance further Morocco’s position […]