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Tag: MOROCCO

Climate change

Morocco’s Drought Challenges Persist Despite Recent Rainfall Improvements

March 19, 2025March 19, 2025 - by Marcus Chen - Leave a Comment

Minister Nizar Baraka declared that despite recent rainfall improvements, Morocco continues to grapple with structural drought. He noted significant effects of rainfall on various water resources and infrastructure. While drought …

Morocco’s Drought Challenges Persist Despite Recent Rainfall Improvements Read More
Politics

Massive Protests Erupt in Morocco Against Normalization with the Zionist Entity

March 19, 2025March 19, 2025 - by Sofia Nawab - Leave a Comment

Mass protests erupted across Moroccan cities, where citizens expressed solidarity with Palestine and demanded an end to normalization with the Zionist entity. Major demonstrations were seen in Tangier, Rabat, Fes, …

Massive Protests Erupt in Morocco Against Normalization with the Zionist Entity Read More
Global news

Arab Countries and Pakistan Poised to Observe Eid on Same Day

March 19, 2025March 19, 2025 - by Carmen Mendez - Leave a Comment

The International Astronomy Centre confirmed that the crescent moon of Shawwal will not be visible on March 29, leading to Eid Al Fitr likely being observed on March 31 throughout …

Arab Countries and Pakistan Poised to Observe Eid on Same Day Read More
Companies

BBVA Secures Approval for Banco Sabadell Acquisition in Morocco

March 19, 2025March 19, 2025 - by Allegra Nguyen - Leave a Comment

BBVA has received approval from Morocco’s central bank for the indirect acquisition of Banco Sabadell’s local branch. This transaction allows BBVA to finalize operations in Morocco, where Banco Sabadell has …

BBVA Secures Approval for Banco Sabadell Acquisition in Morocco Read More
Business

Saudi Arabia Dominates Forbes’ 2025 List of MENA’s Most Valuable Banks

March 19, 2025March 19, 2025 - by Allegra Nguyen - Leave a Comment

Saudi Arabia leads Forbes’ “30 Most Valuable Banks 2025” list with ten banks valued at $269 billion, comprising nearly a third of the total market capitalization of $600.8 billion. The …

Saudi Arabia Dominates Forbes’ 2025 List of MENA’s Most Valuable Banks Read More
Business / economics

IMF Approves $496 Million Disbursement for Morocco’s Economic Resilience

March 19, 2025March 19, 2025 - by Carmen Mendez - Leave a Comment

The IMF approved $496 million for Morocco, increasing total disbursements to $1.24 billion. The Moroccan economy shows resilience despite drought, with expected growth acceleration due to investments and reforms. Challenges …

IMF Approves $496 Million Disbursement for Morocco’s Economic Resilience Read More
Global news

Moroccan Inspector General Visits Saudi Arabia’s Anti-Terror Coalition

March 19, 2025March 19, 2025 - by Carmen Mendez - Leave a Comment

General Mohamed Berrid, Inspector General of the Moroccan Army, is visiting Saudi Arabia to enhance cooperation within the Islamic Military Counter Terrorism Coalition, following earlier adjustments in Morocco’s military engagement. …

Moroccan Inspector General Visits Saudi Arabia’s Anti-Terror Coalition Read More
economics

BAM Anticipates Increase in Morocco’s Grain Harvest Amid Drought Challenges

March 19, 2025March 19, 2025 - by Marcus Chen - Leave a Comment

Bank Al-Maghrib predicts a slight increase in Morocco’s grain harvest to 35 million quintals, lower than prior estimates and government projections. Improved rainfall has raised reservoir levels, fostering hope among …

BAM Anticipates Increase in Morocco’s Grain Harvest Amid Drought Challenges Read More
Business / economics

IMF Approves $496 Million Funding for Morocco Amid Economic Resilience

March 18, 2025March 18, 2025 - by Marcus Chen - Leave a Comment

The IMF has sanctioned $496 million in funding for Morocco following a successful third review of its Resilience and Sustainability Facility arrangement. This funding aims to support Morocco’s transition to …

IMF Approves $496 Million Funding for Morocco Amid Economic Resilience Read More
Global news

UAE Condemns Israeli Air Strikes on Gaza Amidst Escalating Tensions

March 18, 2025March 18, 2025 - by Carmen Mendez - Leave a Comment

The United Arab Emirates has condemned the recent Israeli air strikes on Gaza, expressing concern over military escalation and its repercussions. The UAE emphasizes the need for stability and peace …

UAE Condemns Israeli Air Strikes on Gaza Amidst Escalating Tensions Read More

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