Morocco · Country watch
Government Formation Advances, MASI Declines
Morocco's new government formation progresses; Casablanca's MASI index declines amid global inflation concerns.
The picture Mixed
Business conditions in Morocco are mixed today. Government formation progresses, offering potential stability, but the MASI index declines due to global inflation concerns, affecting investor sentiment.
In this briefing CBD · Moroccan companies · Casablanca Stock Exchange · MASI · King Mohammed VI · Fatima Ezzahra El Mansouri
Regulation
CBD products expand under regulatory framework
Moroccan companies are broadening their range of CBD-based products, including oils, skincare, chocolate, and teas, as reported by yabiladi.com. These products are subject to specific licenses and regulations within Morocco's cannabis legal framework. The expansion reflects growing consumer interest and regulatory accommodation for CBD products in the Moroccan market.
Impact Retailers and producers of CBD products see expanded opportunities under Morocco's regulated cannabis framework.
Sources: yabiladi.com ↗
Disruption
Nothing significant reported today.
Internal tension
Nothing significant reported today.
Safety & health
Nothing significant reported today.
Companies
Nothing significant reported today.
Markets
MASI declines amid global inflation concerns
The Casablanca Stock Exchange's MASI index declined on Wednesday following the release of U.S. inflation data for September, which stood at 3.7%. The index's drop reflects vulnerability to external economic shocks, despite strong half-year results primarily from the mining sector, according to Telquel. Analysts suggest that the MASI may end the year in negative territory due to ongoing global economic pressures.
Impact Investors in Moroccan equities face increased volatility as global inflation impacts local market performance.
Sources: Telquel ↗
Trade
Nothing significant reported today.
Politics
King Mohammed VI meets Fatima Ezzahra El Mansouri
King Mohammed VI met with Fatima Ezzahra El Mansouri, the designated head of government, at the Royal Palace in Rabat on Wednesday. El Mansouri updated the King on the progress of forming the new government, following the recent legislative elections. The King emphasized the need for comprehensive mobilization and responsible governance in the upcoming phase, according to Tangier News. This meeting signifies a crucial step towards finalizing the new government's formation.
Impact Public-sector contractors and consultants anticipate changes as the new government formation progresses.
Sources: Tanja7 ↗, Alyaoum24 ↗, Tangier News ↗
Also today in Morocco
- الحكومة الجديدة تطبخ القرارات — Hespress
- Liquidité bancaire : Le besoin grimpe à 136,5 milliards DH en septembre — Aujourdhui
- استعدادات بالقصر الملكي بالرباط لاستقبال أعضاء الحكومة الجديدة وتعيينهم اليوم — Alyaoum24
- احتجاجات خان تخلف إصابات بباكستان — Hespress
- إضراب يعطل خدمات النقل العمومي في مناطق واسعة من هولندا — Tangier News
- لماذا لا تقطع سيارتك الكهربائية المسافة المتوقعة؟ عوامل خفية تستنزف البطارية دون أن تنتبه — Akhbarona
- États-Unis : l’inflation accélère plus que prévu à 3,7 % en septembre — Telquel
- تحالفات عابرة للخصومات — Hespress
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.
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