Ghassan-Salame

Morocco’s Touissit Mining Company banks on copper and gold for recovery

Morocco’s Compagnie Minière de Touissit (CMT) appears to be stabilizing after a turbulent 2024 marked by legal disputes and exceptional financial losses, with analysts projecting a potential recovery driven by new deposits and strategic refocusing on critical metals. BMCE Capital Global Research forecasts encouraging prospects for 2025, with revenues expected to rise 4.1% to 610 […]

COVID-19: Morocco to bolster mask production capacity to 3.3 million daily

Morocco aims to bolster its mask production capacity from 2.35 million units currently to 3.3 million amid a global trend towards generalizing masks to counter the coronavirus outbreak, Moroccan media reported. The Moroccan government has not yet recommended wearing masks for ordinary citizens in line with WHO guidance, which was reverted recently to recommending masks […]

IMF commends Morocco for mitigating economic impact of external shocks

The IMF highlighted on Jan 24 the “very strong policy response” that Morocco took to mitigate the social and economic impact of the recent negative shocks fueled by the repercussions of the war in Ukraine. At the end of its Article IV consultations, the IMF said Morocco’s economy will bounce back to 4% in 2023 […]