The depreciation of all domestic currencies in the East African region over the past year has not led — in a defiance of conventional economic theory and expectations of regional economists — to the improvement in trade balances, putting more pressure on foreign exchange rates. The depreciation of a country’s currency is supposed to make […]
King Mohammed VI of Morocco who started on Wednesday an official visit to China signed with his host President Xi Jinping a joint statement on establishing strategic partnership between the two countries. The strategic partnership will be a milestone for the development of bilateral ties and will open new opportunities for bilateral cooperation in all […]
Morocco’s government will implement a significant increase in the parafiscal solidarity tax on insurance contracts, raising the rate from 1 percent to 1.5 percent. The amendment, scheduled for approval by decree at this Thursday’s Council meeting, aims to strengthen the nation’s disaster response capabilities following recent catastrophic events. The additional revenue will flow directly into […]
