مدي 1 تي في : النشرة الاقتصادية - 12/10/2024
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NewsTranscript
00:00Welcome to the economic news.
00:12In a recent evaluation, the US-based Fitch Financial Services
00:17confirmed that Morocco has a long-term portfolio of foreign currencies
00:21with a stable future.
00:24The agency highlighted that maintaining this portfolio
00:27embodies the macroeconomic policies of the Kingdom
00:30and the strong support of the official debtors
00:33and the placement of suitable loans and the strengthening of liquidity reserves.
00:37The Fitch agency expects growth to be 3% by 2024
00:42due to the limited rainfall, which affects agricultural production.
00:47It also expects an average growth of 3.5% by 2025-2026
00:55thanks to the return of agricultural production to its natural state
00:58and the consistent performance of non-agricultural sectors.
01:01The Ministry of Economy, Finance and the European Bank
01:06signed an agreement to fund the Reconstruction and Rehabilitation Program
01:11after the Houthi earthquake with a total amount of 500 million euros.
01:16This agreement constitutes the first payment of a total amount of 1 billion euros
01:21to support the efforts to rebuild and rehabilitate the affected areas of the Houthi earthquake.
01:26The first phase will consist of special interventions to rebuild the main infrastructure
01:31and rehabilitate the main roads,
01:33while the second phase will be dedicated to the support of the Moroccan government
01:37in its digital efforts for comprehensive rehabilitation
01:39in order to establish a model for regional development
01:42and a balanced socio-economic system in the region.
01:47The Ministry of Tourism, Traditional Industry and Social and Co-operative Economy
01:52confirmed that the Moroccan tourism sector continues to perform exceptionally
01:56with 13.1 million tourists in the first 9 months of 2024.
02:03The ministry said in a statement that this noticeable performance
02:07represents an increase of about 2 million tourists compared to the same period last year,
02:12highlighting the increasing dynamism towards Morocco at the level of international tourism.
02:17Last September was also exceptional,
02:20as Morocco received about 2.3 million tourists,
02:24which is an increase of 33% compared to the same month of last year.
02:29The increase in the number of air travels and promotional campaigns
02:33and the development of special infrastructure and tourism experiences
02:37contributed to this exceptional momentum.
02:42Internationally, oil prices have seen the highest fluctuation in a month
02:46for almost two years, with tensions between Iran and Israel rising,
02:51which has caused a large wave of fluctuations.
02:54Since the beginning of October,
02:56Cranbrent has been trading at an average daily rate of 3.73 dollars,
03:01which is the highest during the same period in any month since December 2022,
03:07according to Bloomberg data.
03:09Prices have mainly fluctuated due to related risks,
03:13which could lead to retaliatory operations by Israel
03:17in response to a missile attack from Iran
03:19that affected the infrastructure of energy in an area that represents a third of the world's oil production.
03:27The rising tensions in the Middle East
03:31are caused by wide-ranging economic concerns,
03:34especially in Europe, which relies heavily on energy imports from abroad,
03:38as the euro area faces rising oil prices as a result of these conflicts,
03:44with a high probability of a rebound
03:47after the European Central Bank was unable to raise its funds in recent months.
03:52The high energy prices, which exceeded 10% in the last two weeks,
03:57could rebound if continued for a long time,
04:01which weakens the efforts of the Central Bank to lower it to acceptable levels.
04:06Despite attempts by the European Central Bank to maintain prices,
04:10through its monetary policy,
04:12the rise in energy prices may push it to reconsider its current strategy.
04:21AB Mullermersk and Hapag-Lloyd are planning to transfer the assets,
04:26which are beginning to cooperate in the sharing of ships,
04:29to start their sharing of the seas across South Africa,
04:32indicating that they expect the Red Sea to remain unsafe in 2025.
04:38The two companies decided to start cooperating in the service of Gemini
04:41in early February by using the Rejai Saleh headnet.
04:45Last month, the shipping company presented the details of their new partnership,
04:49which includes two alternative networks between the East and the West,
04:53depending on the possibility of crossing the Red Sea,
04:56to announce later that they decided to choose the long route
04:59due to the continuation of security concerns along the shortest route.
05:06The Chinese diplomatic mission of the International Trade Organization said that
05:10Beijing took the first step in starting a trade dispute with Turkey in the organization
05:14due to imposing tariffs on the imports of electric vehicles.
05:18It stated that the special measures taken by Turkey
05:21violate the rules of the International Trade Organization
05:24and aims to protect the country's economy by its nature.
05:27Beijing also insisted on following the rules of the International Trade Organization
05:30and implementing its measures immediately.
05:32Turkey announced in June that it will impose additional tariffs
05:36of 40% on the imports of vehicles from China.
05:40Last month, it imposed strict conditions on the import of hijacked vehicles,
05:44including those imported from China.
05:50This is the end of the economic news.
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