ALMAGHRIBIA — broadcast
20260926 073000 UTC
186 transcript segments
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[00:00:43] remind
[00:00:43] of the headlines,
[00:00:48] the US Deputy Secretary of State
[00:00:50] services, and sustainable reaffirms his country's determination
[00:00:54] to your straight to work with Morocco to find a final solution to the Moroccan
[00:00:58] Sahara issue and his country's commitment
[00:01:01] to the development of the southern provinces of the Kingdom.
[00:01:04] The American official's confirmation came after
[00:01:08] discussions he held with
[00:01:10] the helper of truth the Minister of Foreign Affairs left behind. They see and African Cooperation
[00:01:13] the example to follow and Moroccans Residing Abroad on the sidelines of the 11th
[00:01:17] session of the United Nations
[00:01:21] General Assembly.
[00:01:23] After the curtain fell on the legislative elections
[00:01:27] and the final results of the elections were issued.
[00:01:30] The new map of the House of Representatives raises
[00:01:34] path. We are currently more than one possibility regarding the possible alliances to form
[00:01:38] the next government. So what scenarios
[00:01:41] do the seat calculations allow and
[00:01:44] what alliances can form a majority
[00:01:48] within the House
[00:01:49] of Representatives?
[00:03:27] Accelerated dynamism
[00:03:30] and resources showed is witnessed. The economic and financial landscape of the Kingdom. A dynamism
[00:03:34] that reflects the strategic vision aimed at
[00:03:37] strengthening Morocco's position as an investment and financial
[00:03:40] bridge connecting the continents. And at the heart of this
[00:03:44] transformation, the Casablanca Financial
[00:03:47] Center stands out as one of the main drivers of growth, as it has been able
[00:03:51] in recent years to establish itself as a key
[00:03:55] player in the financial and business sector.
[00:03:58] This achievement was crowned by the economic capital achieving
[00:04:02] an unprecedented qualitative leap in global
[00:04:05] classifications, thus leading
[00:04:08] the African financial scene and competing
[00:04:11] with the most established financial centers around the world. Last
[00:04:15] week, the center achieved a remarkable
[00:04:18] achievement by ranking 38th globally in the 40th
[00:04:22] edition of the Global Financial Centers Index.
[00:04:26] This represents a jump of 11
[00:04:29] places compared to its previous ranking in the March
[00:04:33] classification, which allowed it to enter the list
[00:04:37] of the top 40 financial centers globally
[00:04:40] for the first time in a comprehensive evaluation of 117
[00:04:44] centers.
[00:04:46] At the continental
[00:04:48] and regional levels, the center has consolidated
[00:04:52] its prestigious position by occupying the first
[00:04:56] place in Africa, ahead of prominent financial
[00:05:00] centers on the continent, and also ranked third in the Middle
[00:05:03] East, directly behind two major
[00:05:07] global centers: Dubai
[00:05:09] and Abu Dhabi.
[00:05:12] This significant development reflects the index's reliance
[00:05:16] on a precise evaluation that combines
[00:05:19] strict quantitative indicators and
[00:05:22] the opinions of experts and professionals in the financial
[00:05:24] sector internationally. The tangible success of the Casablanca
[00:05:28] financial hub is due to the provision of an integrated business environment
[00:05:31] and a supportive legal and regulatory framework
[00:05:34] to attract international institutions and
[00:05:37] companies, as the center
[00:05:40] serves as a platform for continental
[00:05:42] connectivity, where it has played the role of a financial hub that connects
[00:05:46] international investors with promising
[00:05:49] opportunities and markets in Sub-Saharan
[00:05:52] Africa, as well as the diversity and stability of the economic
[00:05:55] system by enhancing the integration between traditional
[00:05:59] finance, digital
[00:06:03] development. This great achievement of the Casablanca
[00:06:06] Financial Center by entering the club of the top 40
[00:06:09] globally and leading the African continent.
[00:06:15] Rather, it is a global vote of confidence
[00:06:18] in the solidity and competitiveness of the Moroccan
[00:06:21] financial sector. This achievement gives the economic
[00:06:24] capital additional momentum to enhance its attractiveness
[00:06:27] to incoming investments and consolidates its position
[00:06:31] as a locomotive for national economic growth and
[00:06:34] a strategic financial gateway
[00:06:36] continentally
[00:06:48] and internationally. In a move that was a point
[00:06:51] of anticipation and re-evaluation by economic
[00:06:54] and financial actors in the Kingdom, Bank Al-Maghrib announced
[00:06:57] after its last quarterly meeting that it would keep the main
[00:07:01] interest rate at
[00:07:05] This decision comes to constitute a prominent
[00:07:08] analytical milestone for the future directions of monetary
[00:07:16] maintaining financial stability and stimulating
[00:07:19] growth rates in an economic environment
[00:07:23] surrounded by uncertainty. The report issued
[00:07:26] by the central bank provides a balanced
[00:07:29] reading of macroeconomic indicators, as the expected inflation for
[00:07:33] 2026 is
[00:07:36] 0.7% before it is expected
[00:07:39] to rise moderately to 1.5% next year.
[00:07:44] This is due to the effectiveness of pre-emptive monetary
[00:07:48] policies in containing
[00:07:52] expectations. This stability in the general price
[00:07:55] level gives the central bank a comfortable
[00:07:58] margin to maintain the current borrowing
[00:08:02] cost without the need for additional tightening. At
[00:08:06] the level of economic activity, the expected
[00:08:09] growth of 4.4% for the current
[00:08:12] year is a noticeable positive trend attributed
[00:08:16] to the recovery of non-agricultural sectors and the consolidation
[00:08:19] of public investment, despite the possibility
[00:08:22] of an expected slowdown to 2.9% in
[00:08:25] 2027 due to cyclical fluctuations
[00:08:28] and external
[00:08:34] headwinds. The Ministry of Economy
[00:08:37] and Finance stated that the treasury's operations
[00:08:42] a budget deficit of 58.6 billion
[00:08:45] dirhams at the end of last August, compared to 59.5
[00:08:49] billion dirhams during the same period a year ago.
[00:08:53] The ministry explained that this development reflects
[00:08:56] an increase in revenues by 25.5 billion dirhams,
[00:08:59] which exceeds the increase recorded in expenditures by
[00:09:03] 24.6 billion dirhams, coupled with a tangible
[00:09:07] improvement in the balance
[00:09:08] of treasury special
[00:09:14] accounts. Non-performing loans
[00:09:17] recorded a decrease of 3.1% in July, while their
[00:09:20] share of bank loans remained stable
[00:09:24] at 8.1%. Bank Al-Maghrib explained
[00:09:27] that these loans increased by 1.6% for
[00:09:31] private companies and by 6% for
[00:09:34] households, reaching their shares sequentially
[00:09:37] 12.1%
[00:09:39] and 10.9%. As for loans
[00:09:43] granted by non-bank financial companies to
[00:09:46] the non-financial sector, they recorded an increase
[00:09:49] of 13%
[00:09:51] during the second quarter of the current
[00:09:53] year.
[00:09:58] The dirham's exchange rate rose by
[00:10:01] 0.2% against the euro, while
[00:10:04] it fell by 0.6% against
[00:10:07] the US dollar during July
[00:10:10] and August.
[00:10:12] Morocco explained in its monetary policy
[00:10:16] report that this development is mainly due to the euro's
[00:10:20] depreciation against the US dollar by an average
[00:10:23] of 0.9% during this period.
[00:10:27] It rose against the euro, while it
[00:10:31] fell by 0.2% against the US dollar.
[00:10:34] Compared to other partner countries' currencies, the
[00:10:38] national currency depreciated by 1.7% against
[00:10:41] the Chinese yuan and 4.7%
[00:10:44] against the Brazilian real, while it
[00:10:47] appreciated by 3.3% against the Turkish
[00:10:50] lira and remained stable
[00:10:53] against the British
[00:11:00] pound. The quantities
[00:11:03] unloaded from coastal and traditional fishing
[00:11:06] products in Laayoune during the first eight months of the current
[00:11:09] year recorded a 36% increase in terms of weight
[00:11:13] and 16% in terms of value, according
[00:11:17] to the National Fisheries Office. In its latest
[00:11:20] report on coastal and traditional fishing
[00:11:23] statistics in Morocco, the quantities unloaded
[00:11:27] in this region reached 18,646
[00:11:30] tons by the end
[00:11:32] of last August, compared
[00:11:35] to 13,636 tons in the same
[00:11:38] period last year, with a market value
[00:11:41] of 1.35 billion
[00:11:47] dirhams. In our international economic
[00:11:50] news, the Organization for Economic Cooperation
[00:11:54] and Development raised its global growth forecast for the current
[00:11:57] year by 0.1% to 2.9%, as government
[00:12:01] measures aimed at mitigating the rise in energy
[00:12:04] prices and strong investments in artificial
[00:12:07] intelligence, and the situation in the Middle
[00:12:11] East. The quarterly global economic report
[00:12:14] issued by the organization indicated that the
[00:12:18] global growth, which was 3.4% in 2025,
[00:12:22] will slow down this year before it begins
[00:12:25] to recover, rising by 0.1% to 3% in
[00:12:27] 2027.
[00:12:34] The Organization for Economic Cooperation and Development
[00:12:37] stated that intensive investment flows in
[00:12:40] artificial intelligence contribute to supporting
[00:12:43] the resilience of the global economy during the current
[00:12:46] year, despite the increasing pressures resulting
[00:12:50] from the energy price
[00:12:52] crisis and geopolitical