Google Cloud Speech-to-Text API (Chirp) + Gemini 2.5 Flash Non-Thinking. Treat it as a searchable index of what was broadcast, not a quotation record.
00:00:43remind
00:00:43of the headlines,
00:00:48the US Deputy Secretary of State
00:00:50services, and sustainable reaffirms his country's determination
00:00:54to your straight to work with Morocco to find a final solution to the Moroccan
00:00:58Sahara issue and his country's commitment
00:01:01to the development of the southern provinces of the Kingdom.
00:01:04The American official's confirmation came after
00:01:08discussions he held with
00:01:10the helper of truth the Minister of Foreign Affairs left behind. They see and African Cooperation
00:01:13the example to follow and Moroccans Residing Abroad on the sidelines of the 11th
00:01:17session of the United Nations
00:01:21General Assembly.
00:01:23After the curtain fell on the legislative elections
00:01:27and the final results of the elections were issued.
00:01:30The new map of the House of Representatives raises
00:01:34path. We are currently more than one possibility regarding the possible alliances to form
00:01:38the next government. So what scenarios
00:01:41do the seat calculations allow and
00:01:44what alliances can form a majority
00:01:48within the House
00:01:49of Representatives?
00:03:27Accelerated dynamism
00:03:30and resources showed is witnessed. The economic and financial landscape of the Kingdom. A dynamism
00:03:34that reflects the strategic vision aimed at
00:03:37strengthening Morocco's position as an investment and financial
00:03:40bridge connecting the continents. And at the heart of this
00:03:44transformation, the Casablanca Financial
00:03:47Center stands out as one of the main drivers of growth, as it has been able
00:03:51in recent years to establish itself as a key
00:03:55player in the financial and business sector.
00:03:58This achievement was crowned by the economic capital achieving
00:04:02an unprecedented qualitative leap in global
00:04:05classifications, thus leading
00:04:08the African financial scene and competing
00:04:11with the most established financial centers around the world. Last
00:04:15week, the center achieved a remarkable
00:04:18achievement by ranking 38th globally in the 40th
00:04:22edition of the Global Financial Centers Index.
00:04:26This represents a jump of 11
00:04:29places compared to its previous ranking in the March
00:04:33classification, which allowed it to enter the list
00:04:37of the top 40 financial centers globally
00:04:40for the first time in a comprehensive evaluation of 117
00:04:44centers.
00:04:46At the continental
00:04:48and regional levels, the center has consolidated
00:04:52its prestigious position by occupying the first
00:04:56place in Africa, ahead of prominent financial
00:05:00centers on the continent, and also ranked third in the Middle
00:05:03East, directly behind two major
00:05:07global centers: Dubai
00:05:09and Abu Dhabi.
00:05:12This significant development reflects the index's reliance
00:05:16on a precise evaluation that combines
00:05:19strict quantitative indicators and
00:05:22the opinions of experts and professionals in the financial
00:05:24sector internationally. The tangible success of the Casablanca
00:05:28financial hub is due to the provision of an integrated business environment
00:05:31and a supportive legal and regulatory framework
00:05:34to attract international institutions and
00:05:37companies, as the center
00:05:40serves as a platform for continental
00:05:42connectivity, where it has played the role of a financial hub that connects
00:05:46international investors with promising
00:05:49opportunities and markets in Sub-Saharan
00:05:52Africa, as well as the diversity and stability of the economic
00:05:55system by enhancing the integration between traditional
00:05:59finance, digital
00:06:03development. This great achievement of the Casablanca
00:06:06Financial Center by entering the club of the top 40
00:06:09globally and leading the African continent.
00:06:15Rather, it is a global vote of confidence
00:06:18in the solidity and competitiveness of the Moroccan
00:06:21financial sector. This achievement gives the economic
00:06:24capital additional momentum to enhance its attractiveness
00:06:27to incoming investments and consolidates its position
00:06:31as a locomotive for national economic growth and
00:06:34a strategic financial gateway
00:06:36continentally
00:06:48and internationally. In a move that was a point
00:06:51of anticipation and re-evaluation by economic
00:06:54and financial actors in the Kingdom, Bank Al-Maghrib announced
00:06:57after its last quarterly meeting that it would keep the main
00:07:01interest rate at
00:07:05This decision comes to constitute a prominent
00:07:08analytical milestone for the future directions of monetary
00:07:16maintaining financial stability and stimulating
00:07:19growth rates in an economic environment
00:07:23surrounded by uncertainty. The report issued
00:07:26by the central bank provides a balanced
00:07:29reading of macroeconomic indicators, as the expected inflation for
00:07:332026 is
00:07:360.7% before it is expected
00:07:39to rise moderately to 1.5% next year.
00:07:44This is due to the effectiveness of pre-emptive monetary
00:07:48policies in containing
00:07:52expectations. This stability in the general price
00:07:55level gives the central bank a comfortable
00:07:58margin to maintain the current borrowing
00:08:02cost without the need for additional tightening. At
00:08:06the level of economic activity, the expected
00:08:09growth of 4.4% for the current
00:08:12year is a noticeable positive trend attributed
00:08:16to the recovery of non-agricultural sectors and the consolidation
00:08:19of public investment, despite the possibility
00:08:22of an expected slowdown to 2.9% in
00:08:252027 due to cyclical fluctuations
00:08:28and external
00:08:34headwinds. The Ministry of Economy
00:08:37and Finance stated that the treasury's operations
00:08:42a budget deficit of 58.6 billion
00:08:45dirhams at the end of last August, compared to 59.5
00:08:49billion dirhams during the same period a year ago.
00:08:53The ministry explained that this development reflects
00:08:56an increase in revenues by 25.5 billion dirhams,
00:08:59which exceeds the increase recorded in expenditures by
00:09:0324.6 billion dirhams, coupled with a tangible
00:09:07improvement in the balance
00:09:08of treasury special
00:09:14accounts. Non-performing loans
00:09:17recorded a decrease of 3.1% in July, while their
00:09:20share of bank loans remained stable
00:09:24at 8.1%. Bank Al-Maghrib explained
00:09:27that these loans increased by 1.6% for
00:09:31private companies and by 6% for
00:09:34households, reaching their shares sequentially
00:09:3712.1%
00:09:39and 10.9%. As for loans
00:09:43granted by non-bank financial companies to
00:09:46the non-financial sector, they recorded an increase
00:09:49of 13%
00:09:51during the second quarter of the current
00:09:53year.
00:09:58The dirham's exchange rate rose by
00:10:010.2% against the euro, while
00:10:04it fell by 0.6% against
00:10:07the US dollar during July
00:10:10and August.
00:10:12Morocco explained in its monetary policy
00:10:16report that this development is mainly due to the euro's
00:10:20depreciation against the US dollar by an average
00:10:23of 0.9% during this period.
00:10:27It rose against the euro, while it
00:10:31fell by 0.2% against the US dollar.
00:10:34Compared to other partner countries' currencies, the
00:10:38national currency depreciated by 1.7% against
00:10:41the Chinese yuan and 4.7%
00:10:44against the Brazilian real, while it
00:10:47appreciated by 3.3% against the Turkish
00:10:50lira and remained stable
00:10:53against the British
00:11:00pound. The quantities
00:11:03unloaded from coastal and traditional fishing
00:11:06products in Laayoune during the first eight months of the current
00:11:09year recorded a 36% increase in terms of weight
00:11:13and 16% in terms of value, according
00:11:17to the National Fisheries Office. In its latest
00:11:20report on coastal and traditional fishing
00:11:23statistics in Morocco, the quantities unloaded
00:11:27in this region reached 18,646
00:11:30tons by the end
00:11:32of last August, compared
00:11:35to 13,636 tons in the same
00:11:38period last year, with a market value
00:11:41of 1.35 billion
00:11:47dirhams. In our international economic
00:11:50news, the Organization for Economic Cooperation
00:11:54and Development raised its global growth forecast for the current
00:11:57year by 0.1% to 2.9%, as government
00:12:01measures aimed at mitigating the rise in energy
00:12:04prices and strong investments in artificial
00:12:07intelligence, and the situation in the Middle
00:12:11East. The quarterly global economic report
00:12:14issued by the organization indicated that the
00:12:18global growth, which was 3.4% in 2025,
00:12:22will slow down this year before it begins
00:12:25to recover, rising by 0.1% to 3% in
00:12:272027.
00:12:34The Organization for Economic Cooperation and Development
00:12:37stated that intensive investment flows in
00:12:40artificial intelligence contribute to supporting
00:12:43the resilience of the global economy during the current
00:12:46year, despite the increasing pressures resulting
00:12:50from the energy price
00:12:52crisis and geopolitical