First Independent Mena Newspaper
Egypt’s Government has announced a ceiling of EGP 1.16 trillion for public investments in the 2025/2026 fiscal year, which began on 1 July 2025. Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat made the announcement on Sunday, 28 September 2025, during a high-level meeting with World Bank Group officials. The move is part […]
The Standard & Poors agency has raised Morocco’s sovereign credit rating from ‘BB+/B’ to ‘BBB-/A-3’ with stable outlook thanks to the resilience shown by the country’s economy in the face of consecutive economic shocks, including the one triggered by the instability in global trade because of U.S. trade tariffs. Economic growth prospects are solid, with […]
Morocco’s economic growth is expected to reach 4.2 % in 2025 and 4 % in 2026, driven by public investment, according to the projections of the European Bank for Reconstruction & Development. In its latest report on regional economic prospects, the Bank said inflation in Morocco fell to an average of 1.2 % in the […]
British fintech giant Revolut is in advanced negotiations with Bank Al-Maghrib as it seeks to establish a strategic foothold in Morocco, potentially positioning the country as its continental base for expansion across Africa. Speaking to reporters, governor of Morocco’s central bank Abdellatif Jouahri said the institution held technical meetings with Revolut’s representatives in June and […]
Banking deposits in Morocco have experienced consistent growth over the past decade, reaching 1.271 trillion dirhams ($120 billion) in 2024 compared to 740 billion dirhams in 2014, representing a remarkable 72% increase. Bank Al-Maghrib monetary statistics confirm this robust upward trajectory, with deposits surpassing the one trillion-dirham milestone in 2020. The growth pattern demonstrates strong […]
Morocco’s central bank will begin implementing inflation targeting in January 2027, marking a major shift in its monetary policy framework, while maintaining its current exchange rate regime for the time being, Bank Al-Maghrib Governor Abdellatif Jouahri said. Speaking after the bank’s quarterly board meeting in Rabat Monday, Jouahri said the Moroccan economy is not yet […]
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 […]
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. […]
In Morocco’s rural heartland, Crédit Agricole du Maroc demonstrates how banking can transcend financial transactions to become a catalyst for community transformation. Two farmers’ stories, relayed by le360 news outlet, illustrate the institution’s profound impact on agricultural development and rural empowerment across the kingdom. Rahma Khalfaoui, a widow from Douar Aourach near Khénifra, has rebuilt […]
Morocco’s comprehensive pension system reform may face postponement beyond the 2026 legislative elections, as government officials acknowledge the complexity of achieving social consensus on the politically sensitive restructuring. In an interview with le360 news outlet, Economist Zakaria Ferano argues that “an electoral year is inappropriate for this type of undertaking,” given the technical, social, and […]