Europe Headlines International Morocco

European ambassadors commend King’s vision for further democratization of public access to Morocco’s rich cultural heritage

European Ambassadors accredited to Morocco commended the vision of King Mohammed VI for the continued democratization of public access to Moroccan and international culture. This came during a working luncheon hosted for the European Union Heads of Mission by the Italian Ambassador in Rabat, Armando Barucco, and the Ambassador of the EU, Patricia Llombart Cussac. […]

Business Emerging Markets Headlines International Morocco

Aeronautics: Pratt and Whitney to build new facility in Morocco

Morocco has attracted a new heavyweight investor to its burgeoning aerospace ecosystem thanks to its political stability, geostrategic position, modern infrastructures, skilled manpower, tax incentives and free-market economy. On Tuesday, Pratt & Whitney, an American aerospace manufacturer with global service operations, announced at Paris airshow that it will build a facility in Casablanca to manufacture […]

Business Europe Headlines International Maghreb Morocco

Morocco-EU Farming Agreement: Pro-polisario farmers’ union dismissed by French Justice

The Court of Tarascon issued a judgment condemning la Confédération Paysanne (Peasant Confederation), a French trade union organization used in the judicial harassment of the Morocco-EU farming agreement, which constitutes a new judicial setback for the “polisario” and its relays in France. This latest French judicial disallowance comes just a few weeks after the one […]

Emerging Markets Finance Headlines Morocco

Morocco’s Central Bank keeps rates unchanged amid persisting inflation

Morocco’s Central Bank has decided to keep its key interest rates unchanged at 3 pc due to persistent inflation fueled by soaring food prices and the war in Ukraine which continues to affect global economy. The decision was made Tuesday by the Board of Bank Al Maghrib during its second quarterly meeting held to discuss […]

Americas Emerging Markets Headlines International Morocco

Marrakesh among seven great cities offering great walks, New York Times

The large-circulation daily in the USA has ranked Marrakesh among seven great cities in the world that offer great walks and the pleasures of strolling through their urban landscape. In an article entitled “In 7 Great Cities, 7 Great Walks”, the newspaper said that they asked writers in cities around the world to suggest routes […]

Finance Headlines International Morocco

WB helps Morocco improve access to quality healthcare for all with $450Mln loan

The Board of Directors of the World Bank approved a $450 million Program-for-Results loan to support the Government of Morocco in implementing an ambitious health reform to improve access to quality public health services for all. Morocco is currently implementing “one of the most ambitious and comprehensive health system reforms in the world, demonstrating its […]

Emerging Markets Finance Headlines International Morocco

Moroccan central bank urges caution in dealing with CBDCs

Morocco’s central bank governor Abdellatif Jouahri advocated a cautious approach in adopting central bank digital currencies (CBDCs), recalling that the bank set up a working group to look at the matter in 2021. Speaking to a conference attended by IMF chief Kristina Georgieva, Jouahri underscored the urgent character of examining CBDCs which have a role […]

Emerging Markets Finance Headlines International Morocco

IMF chief lauds Morocco’s reform, says Marrakech ‘ideal’ place for annual meetings

Visiting IMF managing director Kristina Georgieva praised Morocco for its economic reforms while saying the country was the ideal place for holding the IMF-WB annual meetings next October. Following talks with head of Moroccan government Aziz Akhannouch in Rabat, Georgieva said Morocco knew how to navigate the post-covid crisis thanks to targeted government actions. She […]

Business Columns Europe Headlines International Maghreb Morocco

Spain wants a new EU-Morocco fisheries deal

Spain has urged the European commission to work together with Morocco in view of securing a new fisheries deal as soon as possible. The deal expires on July 17 and there seems little enthusiasm for its renewal in Morocco after a European Court annulled it in 2021 because it covers Sahara waters. Spain’s agriculture minister […]

Community Emerging Markets Headlines Morocco

Morocco: Strides towards elimination of child labor by 2030

The integrated action plan of the national roadmap for the eradication of child labor in Morocco by 2030, was adopted, Monday in Rabat, during a national tripartite seminar organized under the chairmanship of the Minister of Economic Inclusion, Younes Sekkouri. The action plan, adopted as part of the Kingdom’s commitment to achieving target 8.7 of […]