Morocco Financial News

Gaza. By the time Israel issued its denial, though, details had ceased to matter. The catastrophe had sparked protests in the West Bank and Jordan, and as far away as Tunisia.

Samvardhana Motherson International Ltd on Friday announced three acquisitions valued at over Rs 380 crore in aerospace, health and medical sectors to strengthen its non-automotive businesses further. The aerospace division of Samvardhana Motherson International Ltd (SAMIL) is building its capabilities in a phased and strategic manner, enabling it to offer a much wider range of services to aerospace OEMs, the company said in a statement.

Gaza’s al-Ahli hospital on October 17th, which killed hundreds of people. Israel later denied that it was carrying out air strikes in the area; the explosion, it said, was caused by a misfired rocket launched by Islamic Jihad, another militant group in Gaza. By the time Israel issued its denial, though, details had ceased to matter.

adopted a roadmap for regulating crypto assets proposed by the Financial Stability Board (FSB) and the IMF at their meeting at Morocco. As of now, crypto assets are unregulated under EU securities rules and the ESMA has made it clear that the investors would not benefit from any EU-level regulatory safeguards under the new rules — referred to as MiCA — until Dec 2024. “Even with the implementation of MiCA, retail investors must be aware that there will be no such thing as a ‘safe’ crypto asset," the EU watchdog said in a statement.

During her opening speech at the International Monetary Fund’s (IMF) seminar on financial inclusion in Marrakesh, Morocco, IMF Managing Director Kristalina Georgieva said digitalization is “the most important way” to scale up financial inclusion. 

MEUDON, France (Reuters) — Stellantis (NYSE:STLA) plans to base seven models on a fifth, low-cost platform, an executive for the automaker said on Tuesday, as it prepares to compete against an expected 'flood' of cheap Chinese electric (EV) cars into Europe.

Top economists and central bankers appear to be in agreement on one thing: interest rates will stay higher for longer, clouding the outlook for global markets.

By Rachel Savage

Ayman Alsayari, Governor of the Saudi Central Bank (SAMA), has warned against the potential dangers and risks of cryptocurrencies and their brokers.

By Andrea Shalal and David Lawder

crude oil prices and tightening global monetary conditions pose a risk, said chief economic advisor (CEA) V Anantha Nageswaran. The geopolitical situation needs to be closely watched, he told ET on the sidelines of the International Monetary Fund (IMF) and World Bank meetings in Marrakech, Morocco. «At the moment, we do not see it (developments in West Asia) as something that causes an immediate and significant economic impact, but we will need to watch it closely,» said Nageswaran. He said India's retail inflation is likely to be plus or minus 20 basis points of the Reserve Bank of India's 5.4% forecast for this financial year. A basis point is a hundredth of a percentage point. «But the fact that inflation has come down sharply tells us very clearly that what we experienced in June, July and August was seasonal, rather than something fundamental. Overall, inflation is not a big concern,» said Nageswaran. The CEA said capital investments by the private sector rebounded in 2021-22 and 2022-23.

By David Lawder and Andrea Shalal

MARRAKECH, Morocco (Reuters) — International Monetary Fund members on Saturday pledged to complete a review of quota funding by Dec. 15, voicing support for an increase that at least maintains the IMF's overall lending resources as bilateral borrowing arrangements expire.

MARRAKECH, Morocco (Reuters) — The International Monetary Fund has met its fundraising target to increase concessional trust fund resources for the world's poorest countries by $3 billion, IMF Managing Director Kristalina Georgieva said on Saturday.

International Monetary Fund has met its fundraising target to increase concessional trust fund resources for the world's poorest countries by $3 billion, IMF Managing Director Kristalina Georgieva said on Saturday. Georgieva said in a statement that the contributions completed during IMF and World Bank annual meetings in Morocco «will allow the IMF to continue to support low-income countries with zero-interest rate financing to meet their evolving needs.» She said that PRGT lending has increased five-fold to $30 billion since the onset of the COVID-19 pandemic, with about 30 countries still with loan programs. Demand for the trust's resources is expected to reach $40 billion through 2024, about five times the historical average. The IMF had urged member countries to fill a $1.2 billion gap in the $3 billion subsidy account endorsed by the membership in 2021.

Sitharaman on Saturday made a case for a strong, quota-based and adequately resourced IMF at the centre of the global financial safety net and climate action. The 16th General Review of Quotas (GRQ) is expected to provide greater say to developing economies in the International Monetary Fund (IMF).

Follow our LIVE coverage of the Israel-Hamas war here "With the recent crisis in the Middle-East, concerns on fuel are back again, the worries that many countries expressed. Concerns and uncertainties are about peace as a positive factor. Fuel concerns affecting food security aspects and impact on inflation, fragmentation of supply chains were the three major worries in the near future," she stated.

(Reuters) — U.S. Treasury Secretary Janet Yellen met with U.K Chancellor of the Exchequer Jeremy Hunt on the sidelines of the annual meetings of the International Monetary Fund and World Bank in Marrakech, Morocco on Friday, the U.S. State Department said.

Home sales in Canada were down again in September as listings rose, the Canadian Real Estate Association (CREA) said Friday, also lowering its sales and price forecast.

By Andrea Shalal and David Lawder

MARRAKECH, Morocco (Reuters) — The World Bank on Friday said it is bolstering collaboration with nine multilateral development banks (MDBs) to accelerate its vision of a liveable planet free of poverty.