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Morocco reforms traffic accident compensation system with 54% payment increase

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Morocco’s government has introduced comprehensive reforms to its traffic accident compensation system, addressing longstanding criticism regarding complexity and processing delays. Justice Minister Abdellatif Ouahbi’s proposed legislation modernizes protection mechanisms for accident victims through expanded beneficiary categories and improved calculation methods. Current statistics highlight reform urgency: 2024 recorded approximately 655,360 declared accidents with insurance companies, including […]
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Algeria’s budget revenues plunge, raising alarms over fiscal sustainability

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Algeria’s public finances are under mounting pressure after a dramatic drop in budget revenues in 2024, driven by falling hydrocarbon income and sluggish non-oil tax collection, according to the Bank of Algeria’s. Total budget revenues fell by 22.66% year-on-year, with hydrocarbon revenues plunging by 31.13% and non-hydrocarbon revenues declining by 13.50%, the Bank said in […]
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China redirects trade to Africa as U.S. tariffs fuel export surge

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China’s exports to Africa have soared by 25% in the first eight months of 2025, reaching US$140.8 billion, as Beijing redirects trade flows amid escalating U.S. tariffs under President Trump’s renewed trade war. Faced with U.S. import duties as high as 100% on electric vehicles and 50% on solar products, Chinese firms are finding fertile […]
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Morocco’s Central Bank keeps key interest rate unchanged at 2.25%, expects 4.6% Growth in 2025

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Morocco’s Central bank has decided to maintain its key interest rate unchanged at 2.25 %, while continuing to strengthen the measures aimed at easing financing conditions for businesses, especially very small enterprises (VSEs). The decision was made Tuesday by the Bank’s board after having analyzed national and international economic developments and reviewed medium-term macroeconomic projections. […]
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Morocco-Niger military cooperation reviewed in Rabat

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Military cooperation between Morocco and Niger that covers a range of activities, including training, operational readiness of the forces, military healthcare, and the exchange of visits and expertise, was reviewed at a meeting in Rabat Tuesday between Inspector General of the Royal Armed Forces and Commander of the Southern Zone, Lieutenant General Mohammed Berrid, and […]
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Morocco-Mexico business partnership strengthens through cooperation agreement

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The General Confederation of Moroccan Enterprises (CGEM) and the Confederation of Industrial Chambers of Mexico (CONCAMIN) signed a memorandum of understanding on Monday in Mexico City meant to strengthen economic and industrial cooperation between the two countries and establish a strategic partnership in investment and trade. The agreement, signed by CGEM President Chakib Alj, who […]
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Industrial Drones: Hollyway sets up plant in Morocco

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Hollyway, a Singapore-based company specialized in AI-powered smart drone systems for low-altitude industrial applications, has partnered with Morocco’s XAR Aerospace to establish a high-tech factory for manufacturing industrial drones in the North African Kingdom. The factory will produce autonomous industrial drones, leveraging Hollyway’s AI and automation tech alongside XAR’s “Made in Morocco” prototypes. This high-tech […]
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Morocco, India’s TASL inaugurate armored vehicles plant

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Morocco in partnership with India’s TATA Advanced Systems Limited (TASL) inaugurated  this Tuesday Morocco’s first 8×8 combat armored vehicles plant in Berchid. The plant was opened at high directives of King Mohammed VI, Supreme Commander and Chief of the General Staff of the Royal Armed Forces (FAR). The King had previously urged the setting up […]
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International Business Times: Casablanca Port Complex, Milestone in Morocco’s Royal Atlantic Vision

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King Mohammed VI’s inauguration of the new Casablanca port marks a bold step in Morocco’s Royal Atlantic Vision, positioning the Kingdom as a vital hub for trade, security, and investment between Africa and Europe, said on Monday International Business Times in its UK edition. The new Casablanca port complex marks a significant milestone in the […]
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Morocco, India sign defense cooperation deal

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Morocco and India have signed a memorandum of understanding on defense cooperation this Monday during a meeting between, Morocco’s minister in charge of the administration of national defense, Abdellatif Loudiyi, and Indian Defense Minister Rajnath Singh who is paying a high-level visit to Morocco. The MoU covers cooperation in the fields of training, exercises and […]