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Volkswagen Reportedly Chooses Morocco not Algiers

It seems that Morocco has won another battle against its neighbouring arch-rival Algeria, member of the OPEC cartel. After months of secret negotiations with the two countries, German automaker Volkswagen is believed to have finally picked Morocco to install its new plant following suit of French groups Renault and Peugeot-Citroen. According to sources close to […]

Morocco’s stable Dirham, a competitive advantage or an export handicap?

Morocco’s dirham has maintained remarkable stability over the past decade while currencies of competitors Turkey and Egypt collapsed, creating apparent price advantages for those nations’ exports. However, exchange rate dynamics reveal far more complexity than nominal depreciation suggests, notes Media 24 news outlet in an analysis. Over 2015-2024, the dirham depreciated just 0.7% against the […]

Morocco’s King bestows decoration on Olympic Champion Soufiane El Bakkali

King Mohammed VI received this Wednesday at the Royal Palace in Tetouan the athlete Soufiane El Bakkali, gold medallist in the men’s 3,000 m steeplechase at the Summer Olympic Games (Paris 2024). On this occasion, the Sovereign decorated Soufiane El Bakkali with the Al Arch Wissam of the Commander’s Order. This audience reflects the King’s […]