First Independent Mena Newspaper
Sudan’s Cabinet approved on 30 December an emergency draft budget for the 2026 fiscal year, projecting 9% economic growth despite the ongoing conflict since 15 April 2023. The budget was endorsed during a session in Port Sudan, chaired by Prime Minister Kamil Idris, who described the plan as exceptional under the prevailing circumstances. The fiscal […]
The Organization for Economic Co-operation and Development (OECD) has commended Morocco for its progress in transparency and sound tax practices, confirming the Kingdom’s full compliance with international standards on the exchange of information related to tax rulings under the BEPS framework. In its latest peer review report on harmful tax practices, the Paris-based institution states […]
Morocco has fundamentally transformed its regulatory approach to collective investment schemes, replacing three-decade-old legislation with Law 03.25, which establishes enhanced transparency, supervision, and investor protection aligned with international standards. The 1993 founding legislation served Morocco’s emerging financial market adequately during an era of limited actors and relatively simple financial instruments. However, as markets became more […]
Morocco’s financial system continues strengthening its fundamentals, with banking and insurance sectors demonstrating robust performance, according to the Committee for Coordination and Supervision of Systemic Risks following its twenty-second session Tuesday at Bank Al-Maghrib headquarters. The banking sector recorded substantial profitability gains alongside reinforced solvency. Net income on a standalone basis increased 25% year-on-year through […]
The Central Bank of Egypt (CBE), on Thursday, 25 December, announced a 100-basis-point reduction in its key interest rates, marking its fifth rate cut this year as policymakers respond to easing inflationary pressures. In a statement, the CBE said its Monetary Policy Committee lowered the deposit rate to 20 percent, the lending rate to 21 […]
As 2025 draws to a close, Algeria faces one of the most challenging years in its modern history, marked by diplomatic setbacks, economic vulnerability, and existential questions about its national identity. The adoption of UN Security Council Resolution 2797 in 2025, affirming the preeminence of Morocco’s autonomy plan for the Sahara, dealt a crushing blow […]
Morocco’s central bank detailed in a recent report its efforts to reduce reliance on cash- which has been dominating the economy- and promoting mobile payments to boost financial inclusion. In its 2024 annual report on financial market infrastructure and payment systems, Bank Al-Maghrib outlined regulatory and operational measures aimed to address entrenched habits relying on […]
The World Bank’s Board of Directors has approved a $4 million grant from the Livable Planet Fund (LPF) to Morocco to provide additional funding for the Transforming Agri-food Systems Program. The program aims to strengthen Morocco’s agri-food system against climate change while improving food safety and quality, the international financial institution said in a press […]
The total value of projects funded by Bayt Mal Al-Qods Acharif Agency in 2025 reached eight million dollars, Mohamed Salem Cherkaoui, the Agency’s Managing Director, said, emphasizing that Morocco remains the Agency’s sole funder. Cherkaoui, who was presenting this week in Rabat the Agency’s 2025 activity report and its 2026 action plan, said that the […]
Morocco’s consumer price index registered negative 0.3 percent year-over-year deflation in November, driven primarily by falling food prices, according to High Commission for Planning data. This development reflects food product index decline of 1.2 percent offset partially by non-food product increases of 0.4 percent. Non-food product variations ranged from 1.5 percent decreases in transportation to […]