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[ad_1] Rabat — The Moroccan National Social Security Fund (CNSS) has announced the implementation of Decree No. 1314-25, effective October 1, establishing a clear regulatory framework for allowances and reimbursements exempt from social contributions.  Published in the Official Bulletin on September 29, the decree aims to harmonize practices between companies and the administration, secure social inspections, and reduce the risk of penalties. CNSS is urging employers to update their payroll settings without delay to comply with the new rules. For the first time, Decree 1314-25 provides a comprehensive guide on which elements of remuneration are exempt from social contributions, their…

[ad_1] Royal Air Maroc has signed with Dublin-based Avolon Company a lease agreement for six Boeing 737-8 MAX planes. Two aircraft were delivered in recent weeks with the remainder to be delivered through 2025 and 2026.Commenting the deal, Paul Geaney, President and Chief Commercial Officer, Avolon said: “We are excited to welcome Royal Air Maroc as a new customer to support their ambitious growth plans. Africa is expected to be one of the fastest growing regions for aviation over the next twenty years, with the network expansion enhancing business growth and social development”.“As one of the leading carriers in North…

[ad_1] Rabat — King Mohammed VI presided over the double wedding of Prince Moulay Hicham’s daughters, Faïza and Hajar, on Wednesday in a private and family-centered ceremony held in the Moroccan capital.  The event was attended by a small circle of close relatives and friends, reflecting the intimate nature of the celebration. The ceremony, noted for its simplicity and warmth, drew widespread attention on social media, particularly following a post by Prince Moulay Hicham on Facebook. In his message, the prince expressed his immense joy at seeing his daughters enter married life. He emphasized that both brides had married “wonderful…

[ad_1] Morocco’s public enterprise reform experience took center stage at the World Bank Annual Meetings in Washington Wednesday, with Economy and Finance Minister Nadia Fettah highlighting the sector’s pivotal role in national economic development and job creation during a panel on employment-generating public enterprise reforms. The kingdom’s 60 commercial public enterprises contribute significantly to economic vitality, generating nearly $25 billion in revenue with 40 percent profitability margins. These entities serve as crucial development catalysts, particularly in infrastructure advancement and strategic sector modernization, Fettah explained to international financial leaders. Since 2021, reforms orchestrated by the National Agency for Strategic Management of…

[ad_1] Rabat– Morocco’s economy is set to gain momentum in the coming years, with real GDP projected to reach 4.4% in 2025, up from 3.8% in 2024, according to the International Monetary Fund’s (IMF) latest Global Economic Outlook.  The IMF forecasts that growth will stabilize at 4.2% by 2026, reflecting the resilience of the Kingdom’s economy in the face of persistent challenges. Despite this encouraging outlook, unemployment is expected to remain elevated, with rates projected at 13.3% in 2024, 13.1% in 2025, and 12.7% in 2026, highlighting ongoing labor market challenges even amid growth. In its October report on the…

[ad_1] Morocco stands out as an obvious destination for aerospace investment thanks to its talents — a true industrial and modern infrastructure momentum driven under the impetus of the King, said Olivier Andriès, CEO and board member of the Safran Group. “We chose to invest in the aircraft engine complex in Nouaceur based on the welcoming conditions, talent, and infrastructure,” emphasized Andriès, who was on Thursday guest on the “Good Morning Business” program on the French channel BFM Business. Highlighting the Kingdom’s “outstanding” engineering schools and a stable macroeconomic environment, the French group’s CEO stated that the country is truly…

[ad_1] Marrakech – Avolon has agreed to lease six Boeing 737-8 MAX aircraft to Royal Air Maroc (RAM), marking the leading global aviation finance company’s first lease agreement with the Moroccan national carrier. The first two aircraft have already been delivered in recent weeks, with the remaining four scheduled for delivery throughout 2025 and 2026, according to Avolon’s October 14 press release. RAM currently operates a fleet of 59 aircraft and serves 98 destinations across 46 countries on four continents. The airline leverages its strategic Casablanca hub to connect Africa with Europe, the Americas, and the Middle East. “We are…

[ad_1] Economic leadership that was long concentrated in the West has decisively shifted towards emerging economies, whereby this historic global shift in trade and power is redefining Africa’s role in the world economy, says a new book ‘West to East: A New Global Economy in the Making’.Its author, economist Arno van Niekerk, described in a recent article in The Conversation how economic leadership has steadily moved from West to East, with BRICS+ nations — led by China and India — overtaking the G7 in global GDP share since 2018. BRICS+ also captured 28% of global exports in 2024, narrowing the…

[ad_1] Rabat — The Moroccan people today commemorate the 50th anniversary of a pivotal moment in their nation’s history — when the Late King Hassan II announced his plan to organize the Green March – a peaceful demonstration aimed at reclaiming Western Sahara. On October 16, 1975, King Hassan II addressed the nation by radio, declaring his intention to lead what would become an unprecedented international event. The late king’s announcement came on the same day the International Court of Justice in The Hague issued its advisory opinion on Western Sahara, which recognized legal ties between Moroccan sultans and the…

[ad_1] The Democratic Republic of Congo (DRC) and the M23 rebel movement signed an agreement in Doha on Tuesday, October 14, to establish a mechanism for monitoring and verifying a ceasefire, marking a renewed attempt to end years of violence in eastern Congo.The deal, facilitated by Qatar and witnessed by representatives from the United States, the African Union and the UN peacekeeping mission (MONUSCO), builds on the “Declaration of Principles” ceasefire accord signed on 19 July. The Congolese government said the latest agreement reaffirmed its commitment to halting hostilities, protecting civilians, and creating the groundwork for a comprehensive peace deal…