The national growth rate will stand at 3.2% and the deficit at 3% of the Gross Domestic Product (GDP) in 2019, wrote the note on the 2019 draft appropriation bill, elaborated by the Head of Government's office. The note also provides for the continuation of the dynamics of the non-agricultural sectors, which will post a value-added growth of 3.7%, versus 3.3% in 2018, provided that the price oil barrel is 68 dollars and cereal crop reaches 70 million quintals. According to the same source, to
Moroccan Islamic jurist Ahmed Raissouni has criticized Saudi Arabia’s management of the pilgrimage. The man, who is close to Qatar, believes that Hajj must be arranged by the Organization of Islamic Cooperation instead of Riyadh.
For bankers, Morocco is in the need of implementing new reforms related to education and bureaucracy, before considering new currency liberalization.
Wafa Assurance, Morocco’s largest insurance company, announced on Wednesday, 15th of August, that its profits are expected to fall by 25 percent in the first half of 2018, compared to the same period last year, reported Reuters Africa. The company believes that the drop is linked to insurance-related losses. According to Wafa Assurance’s estimates «profits would be about 400 million dirhams as its insurance losses hit 240 million dirhams» during the first half of the
The city of Rabat will host the International Conference of African Civil Society (CISCA) on Dec. 18-22, Secretary General of the Parliament of the African Civil Society (PASOCI) Koffi Fiagbedou has announced. In an interview with Malian newspaper «Le Républicain» on Tuesday, Fiagbedou, who is on a mission of observation of the Malian presidential elections, underlined that the CISCA will bring together not only NGOs having the UN ECOSOC status, but also all the African
The queen of pop Madonna is reportedly celebrating her 60th birthday in Morocco, throwing a mega party in Marrakech, several media platforms reported this week. The American singer and songwriter’s birthday party is expected to take place on August the 16th, in the Kasbah Tamadot resort in Marrakech. Madonna did not officially reveal where she is holding her birthday party, but she posted on her Facebook page a picture of herself wearing Berber headpiece jewelry, a Fez and Moroccan
After a crisis that lasted for weeks, in the middle of the holiday season, Morocco's national carrier Royal Air Maroc (RAM) and the Moroccan Pilots Association (AMPL) have managed to reach a common ground, announced a communiqué sent Tuesday, 14th of August, to Yabiladi. In their joint statement, RAM and AMPL stressed that they have finally concluded an agreement, tackling issues related to the situation and working conditions of the company's pilots. RAM and AMPL indicated that they
Will Morocco agree to have direct negotiations with the Polisario while challenging the legitimacy of the movement that claims it represents Sahrawis ? Rabat's chances are limited as they are monitored by Donald Trump's advisor John Bolton.
Abdelkader Bzioui was the last Moroccan footballer to play for Tangier’s Union Deportiva España. The club was based in the Moroccan city during the Spanish protectorate.
Days after Blockchain company Soluna announced that it is building a 900-megawatt wind farm in Dakhla, Western Sahara Resource Watch (WSRW), a network organization working on the natural resource situation in Western Sahara, denounced the project. On Friday, 10th of August, the NGO slammed Soluna’s chief executive John Belizaire who was interviewed on the same by Reuters, stressing that constructing a wind farm in Dakhla «violates the rights of Sahrawi people». Speaking