In Morocco, business insolvencies are expected to rise in both 2024 and 2025, according to a recent global report. Compiled by Allianz Trade, the report titled «Global Insolvency Outlook: Allianz Trade’s 18 Regional Outlooks on the Insolvency Wave», places Morocco among the countries experiencing a «noticeable increase» in insolvencies. This refers to situations where companies are unable to meet their financial obligations, forcing them to either cease operations
A video captured by foreign tourists and their Moroccan guide in the Mahamid Al-Ghazlan region of Zagora has gone viral on social media. The footage shows the moment they discovered a girl trapped in an abandoned well. Emergency services successfully rescued the girl, who was taken to a regional hospital in Zagora and then transferred to Sidi Hsain Hospital in Ouarzazate for medical treatment due to her injuries. According to reports, the girl is from the Tagounit, a rural Moroccan commune in
The UN Secretary-General's Personal Envoy for Western Sahara, Staffan de Mistura, has suggested splitting the Sahara between Morocco and the Polisario as a potential solution to the territorial conflict, according to remarks reported by Reuters. During a closed-door briefing to the Security Council on Wednesday, October 16, de Mistura stated that dividing the territory «could allow for the creation, on one hand, of an independent state in the southern part, and on the other hand, the
The General Confederation of Moroccan Enterprises (CGEM) has presented its key proposals for the 2025 Finance Law, aimed at fostering sustainable economic growth and job creation. Despite recent economic recovery, challenges remain, especially for small and medium-sized enterprises. The CGEM has proposed several fiscal and sectoral measures, including: 1. Labor Taxation: Gradually reduce income tax over three years to a target marginal rate of 35% by 2027 and increase exemptions for certain
Italian security authorities expelled a 49-year-old Moroccan citizen immediately upon his release from prison. The man, a resident of Lorago Marinone, had served time in Bassone prison for severely abusing his wife. According to Italian media, the man, imprisoned in September 2022, had physically abused his wife in front of their minor children. He was sentenced to two years and seven months in prison and was subsequently deported to Morocco.
In its Freedom on the Net report, Freedom House classified Morocco as a partially free country, scoring 54 out of 100 points, up from 51 the previous year. The report highlights ongoing violations of users' rights and content restrictions, reflecting a broader global decline in online freedom.
Moroccan bank CIH has announced a partnership with Dutch digital banking solution provider Backbase. This collaboration will enable CIH to advance its digital transformation strategy. CIH will be utilizing Backbase's engagement banking platform, specialized media reported on Thursday. Backbase is a leading financial technology company that offers engagement banking solutions to financial institutions worldwide, ranging from large banks to credit unions and community banks. Its platform is
Algerian President Abdelmadjid Tebboune announced plans for an imminent Algerian-Libyan-Tunisian summit, continuing trilateral consultations to strengthen cooperation between the three countries. Despite efforts to include Mauritania, Algeria wants to relaunch the Maghreb Arab Union, excluding Morocco.
The French Agency for Health Security for Food, Environment, and Labor has issued a warning about the presence of glyoxylic acid in Brazilian hair straightening products, which can cause kidney failure. This product is also used in Moroccan beauty salons, raising concerns about the extent of control and awareness regarding its risks. Since 2024, France has recorded four cases of kidney damage linked to these products. The General Directorate of Health and the anti-fraud agency have advised
A mother who left her two children, aged 14 and 15, home alone while traveling to Morocco is facing charges of child abandonment. The 41-year-old mother, residing in Porto Recanati, a town in central Italy, did not inform her ex-husband or any other family member to take care of the children during her absence, local media reported. On Wednesday, October 16, the trial was opened in Macerata. One of the children has a mental disability and requires constant care. The incident dates back
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