Mauritanian businessman Mohamed Ould bouamatou

Morocco’s King asks citizens to abstain from performing rite of sheep slaughtering on Eid Al Adha

King Mohammed VI, in his capacity as Commander of the Faithful, asked Moroccans to abstain from performing the rite of slaughtering on Eid Al Adha this year in a context of “climatic and economic challenges.” In an address read on his behalf by Religious Affairs Minister Ahmed Taoufiq, the King highlighted the significance of Eid […]

Morocco needs more industrial jobs to bolster labor added value

Morocco needs to create conditions propitious for the emergence of medium sized industries that are well-integrated in the domestic market in order to bolster the value added of the job market and absorb job seekers leaving the primary sector, head of Morocco’s planning agency HCP said. Speaking at the presentation of a recent study on […]

Morocco to treat IMF credit line as precautionary

Morocco will continue to consider the IMF flexible credit line of $5 billion as precautionary and would only draw on it in case of external shocks like the Covid-19 pandemic, Morocco’s finance ministry said. The credit line is only granted to countries with sound macroeconomic and financial fundamentals and would add to Morocco’s credibility in […]