Morocco to resume plan for flexible exchange rate by 2026, says Central Bank governor

Morocco is planning to loosen its exchange rate regime in 2026, gradually resuming the plan interrupted by the pandemic, Bloomberg News reported, quoting Bank Al-Maghrib Governor Abdellatif Jouahri. While attending the annual meetings of the International Monetary Fund and the World Bank in Washington DC, Jouahri stated that «the move would involve gradually shifting the dirham from its current peg, which is based on a basket of euros and US dollars». «The central bank is

Le Maroc devrait passer à un taux de change flexible en 2026, déclare le gouverneur de la Banque centrale

Le Maroc prévoit d'assouplir son régime de taux de change en 2026, reprenant progressivement le plan interrompu par la pandémie, a rapporté Bloomberg News, citant le gouverneur de Bank Al-Maghrib, Abdellatif Jouahri. Lors des réunions annuelles du Fonds monétaire international et de la Banque mondiale à Washington DC, Jouahri a déclaré que «le mouvement impliquerait de déplacer progressivement le dirham de son ancrage

Polisario : Mohamed Abdelaziz's son promoted to commander of armed militia

Mohamed Abdelaziz's son continues to rise within the Polisario leadership. Brahim Ghali has appointed him as head of the «reserve army», according to media based in the Tindouf camps on Saturday. Lahbib Mohamed Abdelaziz replaces Mohamed Lamine Ould El Bouhali, who initially established the unit in 2017, following his dismissal in January 2016 by Mohamed Abdelaziz from the «Ministry of Defense». Since the 16th Congress held in January 2023 at the «Dakhla

Murcia : Investigation opened into assault of Moroccan citizen by security guard at consulate

The Moroccan Consulate General in Murcia, Spain, responded to a video showing a private security guard assaulting a Moroccan citizen on its premises. Consulate sources expressed «regret» over the incident, describing it as an «isolated» altercation between a guard from a local private security company and a Moroccan citizen. «As soon as it learned of the incident, the consulate contacted the company to express its strong disapproval of the guard's inappropriate

Morocco, Russia eye new Sahara fishing deal Post-EU rulings

Morocco and Russia are preparing the groundwork for a new fishing agreement in the Kingdom's Saharan waters. This is evident from a press release issued by the Russian Embassy in Rabat. «The Russian research vessel Atlantenero, part of the Russian Federal Fisheries Agency's Great African Expedition, has begun a research mission in cooperation with the Moroccan National Institute of Fisheries Research to assess the exploitation of small pelagic fish species in the Kingdom of Morocco's

History : When King Hassan II left the Queen of England waiting for him under the sun

In a visit to Morocco, the Queen of England was angered by King Hassan II's tardiness. In a book by Robert Hardman, the details of this trip that was later named «the tour from hell», were revealed pointing out at a part of the sovereign’s personality.

Spanish Minister visits Rabat to reinforce EU-Morocco ties following CJEU ruling

Following recent rulings from the European Court of Justice (CJEU) annulling Morocco-EU fishing and agricultural agreements, Spanish Minister Luis Planas visited Rabat, emphasizing the importance of moving forward with Morocco despite the decisions. Planas expressed optimism about finding constructive solutions through EU-Morocco cooperation and reaffirmed the strength of their relationship, built on mutual trust and shared goals for the future.

United Airlines operates first direct flight between Marrakech and New York

Starting October 25, 2024, United Airlines will operate a direct route between New York and Marrakech, offering three weekly flights on Tuesdays, Thursdays, and Saturdays. The Boeing 767-300 aircraft used for this route can accommodate up to 167 passengers. The Moroccan National Tourist Office (ONMT) closely followed the inaugural flight as part of its «Light in Action» initiative. This direct route aligns with the ONMT's strategy to attract one million American tourists

Maroc Telecom Group reports 6.1% customer growth in first nine months of 2024

Maroc Telecom Group reported 79.7 million customers at the end of the first nine months of 2024, a 6.1% increase compared to the same period in the previous year. In a communiqué released on September 30, 2024, the group revealed that its Moroccan mobile portfolio reached 19.9 million customers, driven by a 3.6% improvement in the postpaid segment. The fixed-line portfolio stabilized at around 1.7 million lines by September 2024. The strong growth of the FTTH (Fiber-to-the-Home)

Moroccan horror stories #4 : Toulzimt, the child-stealer of Souss

Toulzimt is a evil fairy who preys on children, luring them away from their homes with their own names. Once lured, the children are trapped in a deadly game of hide-and-seek in the remote forests and mountains. Those who fall victim to Toulzimt are never seen again.