Bank Al Maghrib’s (BAM) decision to raise the key interest rate to 3% (by 50 basis points) will take effect from March 23, 2023, the central bank said in a statement. At its first 2023 quarterly meeting, the BAM Board of Directors said that this measure aims to prevent the emergence of self-sustaining inflationary spirals…
The Moroccan Foundation for Financial Education (FMEF) and its partners, in collaboration with the Organization for Economic Co-operation and Development (OECD), are gearing up to host the 11th edition of the “Global Money Week” (GMW) in Casablanca from March 20 to April 02, 2023. This year’s event will aim to introduce children and young people…
Youssef Assouik, a skilled Moroccan athlete, has been crowned the World Muay Thai Council (WMC) world champion in the 72.5 kg category, following a thrilling fight against the former champion, Jimmy Vienot, in Nice (France). A proud member of the Moroccan Muay Thai team, Assouik has a track record of exceptional achievements. In fact, he…
Ecuador and Peru are currently in a state of shock and devastation after a deadly 6.8 magnitude earthquake struck the region on Saturday. The quake hit the Guayas province in Ecuador’s coastal area at noon on Saturday, leaving at least 15 people dead and several hundred injured. The disaster has prompted Ecuadorian and Peruvian authorities…
The international symposium entitled “Writing in the Media Context Between Imagination, Literature, and Digital Virtuality” was held on March 18th, 2023, at Ibn Tofail University. The event was a major academic gathering that brought together distinguished professionals in journalism and media studies to pay homage to the influential contributions of Mohammed Al-Qassimi to the field…
Morocco’s security forces arrested, on Wednesday, three extremists affiliated with the terrorist organization “Daech”, for their alleged involvement in an intentional homicide in the context of a terrorist project of which a policeman on duty was a victim. A statement from the Directorate General of National Security (DGSN) said that the security operations conducted simultaneously…
Hassan II Foundation for Moroccan Expatriates announced the dispatch of a delegation of 144 scholars, preachers, and Quran reciters to 11 countries, as part of the Ramadan 2023 program. The Foundation explained that the dispatch of this delegation aims to provide religious support for Moroccans residing abroad (MRA) during Ramadan 1444 AH. The Foundation explained…
A recent study carried out by the National Federation of Consumer Associations (FNAC), in partnership with the Ministry of Industry and Commerce, shows that Moroccans are willing to consume locally produced products. But, not at any price.“Moroccans are ready to consume locally provided that the product is in an acceptable quality/price ratio”, points out this…
Aeronautics manufacturer Hutchinson has extended its production facility in Casablanca as part of an industrial investment of €12 million. The extension is a 4.0 production facility specializing in the manufacturing of composite aeronautics parts and cabin insulation solutions. The facility covers an area of 18,700 m2 and is dedicated to the production of aeronautic insulating…
The Biden administration, brushing aside pressure from environmentalists, on Monday approved a controversial oil drilling project on Alaska’s North Slope. The Interior Department gave the green light to US energy giant ConocoPhillips to drill for oil at three sites in the federally owned National Petroleum Reserve in Alaska’s pristine western Arctic. During the 2020 presidential…
