As announced on Friday, 12th of January, Morocco is adopting a new exchange rate. On the first day of this new regime, the dirham is determined within a band of 8.9969-9.4524 Moroccan dirhams to the U.S. dollar set by Bank al-Maghrib, reports Reuters on Monday. This was revealed also by Medias 24, which indicates that every morning; Morocco’s Central Bank will have to determine the currency reference exchange rate against the dirham on the basis of quotations from banks with the status
Orlando Bloom, a British-born Hollywood actor, celebrated his 41st birthday in Marrakech, attending the third race of the Formula E season on Friday, 12th of January, reports E News. Accompanied by his famous friend, Leonardo DiCaprio, the star mostly known for his epic role in the film series Lord of the Rings, quad biked in the desert all while posing with Alejandro Agag, founder and CEO of Formula E. He also drove one of the race cars with the help of Sam Bird, ABB FIA Formula E Champioship
Morocco will soon accept bids for a $4.6 billion natural gas project, reports Bloomberg on Sunday quoting Energy Minister Aziz Rabbah. In an interview in Abu Dhabi, he said that the Kingdom is intending to «process gas for power and provide gas to industry». «This is a project to build an integrated plant to process gas», he said indicating that the bid will be for a group to build the industrial unit as the financial and technical consultants were chosen. The
The World Bank's chief economist has stated on Friday that the International financial institution was changing the methodology for Doing Business in a way that affected the performances of some countries. The famous report was in the heart of a diplomatic crisis that erupted in October between Morocco and Algeria. Details
In the afternoon, a train coming from Settat crashed into fence on Saturday at the Casa Port train station in Casablanca. A source at the station told Yabiladi that the passengers were safe and sound. The Moroccan National Railways Office (ONCF), on the other hand, did not explain the reasons behind this accident, but our source told us that it was due to a brake problem, which prevented the train from stopping completely. The fence was hit and the locomotive was damaged. The same source
The Moroccan football team of local players beat its Mauritanian counterpart by 4 to 0, on Saturday at the Mohammed V sports complex of Casablanca, in a game of the first round of the 2018 African Nations Championship (CHAN-Morocco), that will run from Jan. 14 to Feb. 4. Morocco scored its goals thanks to players Ayoub El Kaabi, Ismail El Haddad and Achraf Bencharki. This victory helped the Atlas Lions to rank first, awaiting the second game that will be played by Guinea and Sudan.
When Maitre Gims is in Morocco, Youssef Aarab is there too. The 32-year-old man in love with his Moroccan roots, is the star's right hand, friend and supporter. A brother from another mother who made him gain sucess in the Kingdom.
In a press conference, HCP chief Ahmed Lahlimi Alami reviewed the main macroeconomic indicators in 2017 and 2018, highlighting some factors that still hamper the potential of the Moroccan economy, and reiterating his recommendations for improving the competitiveness and diversification of the Moroccan economy through reforms, reports MAP news agency. Lahlimi said that the value added of the primary sector will decline by 1.3% in 2018 against a rise of 13.6% in 2017. According to HCP
While in office, Barack Obama received several gifts from foreign governments, but the most expensive one of them all is King Mohammed VI's. According to federal documents made public on Wednesday by the State Department’s Protocol Office, the most valuable single gift given to the Obamas in 2016 «came from the king of Morocco». Reported on Friday by Fox News, the sovereign «presented the first family with an ornate gold-plated brooch adorned with diamonds and rubies, a
The Ministry of Economy and Finance, after consulting with Bank Al-Maghrib (central bank), has decided to adopt, on Monday, a new exchange rate regime where the parity of the dirham is determined within a band of fluctuation of ± 2.5%, against ± 0.3% currently, compared to a central rate set by the Bank Al-Maghrib on the basis of a currency basket composed of the euro and the US dollar by up to 60% and 40% respectively. Under the new regime, Bank Al-Maghrib will continue to