First Independent Mena Newspaper
Morocco’s unemployment rate surged to 13.1% on the back of persisting drought in the first half this year, compared with 12.4% the same period last year. Youth unemployment, in particular, soared to 36%, with 19% reported among degree holders, the high commission for planning HCP said. The total number of the unemployed in Morocco grew […]
The Moroccan government is preparing the 2025 appropriation bill based on a forecast of 4.6% growth rate, from an estimated 3.3% this year, the finance minister said. The government will press ahead with its social project, which includes generalization of safety nets and financial assistance to the needy, in addition to investing in infrastructure and […]
African ministers of trade attending the 21st African Growth and Opportunity Act (AGOA) Forum held in Washington D.C. last week have urged the US government to do away with the AGOA’s annual reviews and expressed the importance of an expeditious renewal of the legislation by the end of 2024. With AGOA expiring in 14 months, […]
Twenty-five years of King Mohammed VI’s rule transformed the country’s economy. The tourism sector, in particular, made major leaps forward turning the country into Africa’s most popular tourist destination and one of the most competitive in the mediterranean region. Building on a centuries-old history, unique architecture, rich traditions, colorful landscapes, world-renowned cuisine, imperial cities, hospitality […]
Morocco’s central bank is expected to take more monetary easing steps in the second half of this year by cutting the benchmark rate to 2.25% from 2.75% currently, Fitch Solutions said. “We forecast that BAM will cut its policy rate in another two steps of 25bps in September and December 2024, to 2.25% by end-year […]
King Mohammed VI, accompanied by Crown Prince Moulay El Hassan and Prince Moulay Rachid, received, on Monday at the Royal Palace in Tetouan, Abdellatif Jouahri, Governor of the Central Bank (Bank Al-Maghrib), who presented to the Sovereign the Bank’s annual report on the economic, monetary, and financial situation for the 2023 financial year. In his […]
The French magazine Conflicts, specializing in geopolitical issues, extensively published an analysis on “Morocco’s success in the field of infrastructure over the past 25 years, after considering the role of this element in various international documents as fundamental to economic development.” In what constitutes a “French acknowledgment” of Morocco’s infrastructure Renaissance, the Geopolitics magazine confirmed […]
King Mohammed VI stands as a champion of intra-African solidarity, matching words with action through the launch of initiatives that aimed at spurring African economic integration, protecting the rights of Africans, promoting religious tolerance, and safeguarding peace and stability. Integration With more than 50 visits paid to different African countries during 25 years of his […]
Italian ferry company Grandi Navi Veloci (GNV) has inaugurated this week a new bureau in Nador, its second in Morocco after that of Tangiers. This expansion in the North African kingdom falls in the frame of the Marhaba 2024 operation, meant to facilitate Moroccan expatriates’ journey for holidaying in their mother country. “Following extensive renovation […]
Turkish energy minister said his country is planning to conduct offshore explorations in Libyan waters in search of oil and gas. Ankara and Tripoli are close to reaching an agreement to launch the explorations, energy minister Alparslan Bayraktar told Sabah newspaper. Bayraktar said that, while Turkey invests in explorations in the Mediterranean, it also attaches […]