Recent rainfall gives Moroccan farmers hope after prolonged drought

The recent rainfall that blessed most Moroccan fertile lands gave farmers hope after a prolonged drought compromised this year’s harvest. The rainfall coupled with snow in the mountains improved the dam filling rate to 30% on March 10, from 26% last year. While the rain could have a limited impact on grains, spring crops will […]

Morocco condemns burning of Quran in Copenhagen

Morocco has condemned in the strongest terms the burning of a copy of the Holy Quran in the Danish capital of Copenhagen in front of the police. “Although this heinous act was committed in front of the diplomatic representation of another Muslim country, the Kingdom of Morocco considers it a provocative act that also concerns […]

Casablanca stock exchange nears historic record following benchmark rate cut

Casablanca Stock Exchange approached its highest historical level, buoyed by the unexpected announcement from Bank Al-Maghrib to lower its key interest rate to 2.25%. The MASI, the benchmark index, closed up 2.10% at 17,193 points, touching its all-time high. The volume of transactions on the central market reached 1.1 billion dirhams. Attijariwafa Bank led the […]