Spending as part of the compensation fund subsidizing the prices of fuel, wheat, sugar, and butane gas more than halved to 4.5 billion dirhams in the first quarter this year, auguring well for state finances, according to the finance ministry. Subsidies including cash handouts to transport professionals stood at 44 billion dirhams last year due […]
Moroccan and US forces have recovered the body of one of two American soldiers who went missing during the multinational African Lion 2026 military exercise, The Royal Armed Forces said. The body was located and retrieved on May 9 at around 08:55 am near a cliff at Cap Draa, south of Tan-Tan, following intensive search […]
Moroccan expatriates’ remittances reached 108.67 billion dirhams through November 2024, showing a 2.8% annual increase, according to the latest foreign exchange statistics. The Office des Changes reports that remittances growth maintains its upward trajectory, marking a substantial 77% increase compared to November 2020 levels of 61.25 billion dirhams. The previous year closed at 115 billion […]
