King Mohammed VI received, Friday in Rabat, the President of the World Bank Group, Ajay Banga, and the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva. The audience took place just after the speech delivered by the Sovereign at the opening of the Fall session of the Parliament, to which the chiefs of […]
Mohamed Sajid, the mayor of Casablanca, was elected new Secretary General of the Constitutional Union Party (UC) by an overwhelming majority of the 964 members of the party’s national council last Saturday. Sajid, a 66-year old wealthy businessman, gleaned 825 votes while the distant second, Anwar Zyne, won 25 votes only. The two other contenders, […]
Morocco’s treasury has gained an additional 600 million dollars (6 billion dirhams) following a tax amnesty program that expired on Dec 31, 2024. At least 127 billion dirhams ($12.7 billion) has been injected in the Moroccan banking system thanks to the tax amnesty, which allowed cash-holders to pay a reduced 5% tax on their deposits, […]
