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Moroccan household purchasing power improves 5.1 Points in 2024 amid moderate inflation
Moroccan household purchasing power improved 5.1 points in 2024 compared to 1.8 points in 2023, according to the High Commission for Planning. The enhancement follows consumer price index evolution of just 0.9 percent reached in 2024, significantly below previous years. Household gross disposable income recorded 6.7 percent growth to reach 1,059.7 billion dirhams in 2024, […]
Libya unveils new oil find as production ambitions rise
Libya’s National Oil Corporation has confirmed a significant oil discovery in the Ghadames Basin, approximately 450 kilometers southwest of Tripoli, marking a fresh milestone in the nation’s energy ambitions. The exploratory well, drilled under the oversight of the Arabian Gulf Oil Company, is estimated to produce 4,675 barrels of crude oil and two million cubic […]
Cape Verde opens embassy in Rabat & to inaugurate consulate in Dakhla
The Republic of Cape Verde opened on Tuesday an embassy in Rabat during a ceremony co-chaired by Foreign minister of this African country Rui Alberto De Figueiredo Soares and his Moroccan peer Nasser Bourita. In a statement to journalists, Mr. Soares said the embassy opens up new era in relations between the two countries and […]



