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AdvertisementEven before getting engaged, Almaz Burgess knew she'd have a destination wedding. According to a study by The Knot, the average international destination wedding is $42,000 — nearly $10,000 more than standard hometown nuptials. Wedding venues in Greece and Italy were quoting them $10,000 — so they turned to MoroccoA year before the wedding, Burgess began researching destination weddings in Greece and Italy. White Silk Studio"In Morocco, they have the traditional Riad," she said, referring to a Moroccan house that typically has an indoor garden or courtyard. White Silk Studio"We tried to keep it under half an hour," she said, "to not bore everyone."
Persons: Burgess, , she'd, Burgess didn't, wouldn't, wasn't Organizations: Service, New Zealand, White, Morocco — Locations: Morocco, New Zealand, New, London, Greece, Italy, Morocco — Marrakesh, Moroccan, Australian
On the agenda today:This story is available exclusively to Business Insider subscribers. I asked Mia de Graaf, Business Insider's deputy executive editor of health, which anti-aging trends are actually worth it. One couple, Tam and Gary Holm, was among the people who actually participated in the $1 home deal. AdvertisementAlso read:Paul Zimmerman/Getty Images for NYCWHigh-end steak house red flagsDining out at a steak house is an indulgent — and pricey — experience. Two former "Top Chef" contestants, who also own a steak house, shared what differentiates luxury steak houses from more mediocre options.
Persons: , Bryan Johnson, Magdalena Wosinska, Bryan Johnson's, Bryan Johnson —, Mia de Graaf, Skip, Mia, Luke Renard, Tam, Gary Holm, Paul Zimmerman, pricey, Searchlight Here's, Oppenheimer, Jamie Davis Smith, Yorgos Lanthimos, Kevin, Abanti Chowdhury, Guy Ritchie's, Joi, Marie McKenzie, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan Organizations: Service, Business, Warner Bros, Universal, Searchlight, Searchlight Pictures, Netflix Locations: Silicon, Moroccan, Morocco, AnaYela, Marrakesh, New York
United Airlines is planning to launch flights to Marrakesh, Morocco, and Medellin, Colombia, and ramp up its service to Asia, in the carrier's latest bet that consumers will continue to shell out for trips abroad. The flights from United's Newark, New Jersey, hub to Marrakesh are scheduled to begin Oct. 24 using a Boeing 767-300ER. The airline is also starting year-round service to Cebu, Philippines, from Tokyo's Narita Airport. U.S. airlines have increased their international service coming out of the Covid-19 pandemic, and revenue growth from trips abroad has outpaced domestic sales. United also said it will offer four weekly flights between Shanghai and Los Angeles starting Aug. 29.
Persons: Patrick Quayle, United's, It's Organizations: Airlines, Boeing, Tokyo's, CNBC, Los Angeles, CNBC PRO Locations: Marrakesh, Morocco, Medellin, Colombia, Asia, United's Newark , New Jersey, Cebu, Philippines, U.S, Shanghai, Los, Los Angeles, Hong Kong, San Francisco, Seoul, South Korea, Newark, Porto, Portugal
36 Hours in Marrakesh, Morocco
  + stars: | 2024-02-08 | by ( Seth Sherwood | ) www.nytimes.com   time to read: +4 min
Leave Jemaa el Fna — the huge, chaotic, carnivalesque marketplace seen on every postcard — to the cobra charmers, hustlers and package-tour throngs. In the early 20th century, Thami el Glaoui, the onetime ruler of Marrakesh — known as the bacha in local Arabic — was a legend. The Islamic decorative arts find dazzling expression inside the Medersa Ben Youssef, a centuries-old religious school adorned with some of the finest craftsmanship in Morocco. Follow the buttery scent of leather to a passage called Derb el Hammam in Souk Smata, the leatherworking area of the medina. Sunlight filters through the overhead slats of the stalls, illuminating belts, bags, jackets, ottomans and slippers known as babouches — a favorite Morocco souvenir (prepare to haggle).
Persons: Fna, You’ll, Bab Doukkala, Malak Nafy, It’s niched, Hassan Hajjaj, Andy Warhol, Thami el, , Rue Fatima Zahra, Maison Reine, Naelle, Ben Youssef, el Fna Organizations: Bab, Rue Dar el, of Confluences, Rue Fatima, Franco Locations: Medina, Bab, Rue, Moroccan, Marrakesh, el Bacha, medina, , Algerian, artfully, Morocco, Hammam, Souk Smata
Kyiv, Ukraine CNN —It can take years to fully train an F-16 fighter pilot. Moonfish is the call sign of a Ukrainian pilot who is training to fly the United States-designed multirole aircraft. In August, after months of lobbying by Kyiv, the US committed to approving the transfer of fourth-generation fighter jets to Ukraine. Ukrainian Air Force commander Mykola Oleshchuk told CNN that Ukrainian air defenses destroy on average about 75% of incoming cruise missiles and attack drones, but that the remainder of the weapons still reach their targets. He couldn’t attend the funeral or say goodbye but says he continues the F-16 training for the sake of Pilshchikov as well as for his comrades.
Persons: , , Moonfish, , ” Moonfish, ” Yurii Ihnat, Ben Guerir, Fadel Senna, Mykola Oleshchuk, ” Oleshchuk, Mose, Andriy Pilshchikov, ” Pilshchikov, couldn’t, “ Andriy Organizations: Ukraine CNN, CNN, Swiss Army, Ukraine’s Air Force Command, Russia, US Air Force, Getty, Russian, Ukrainian Air Force, Air, ” Troops, Separate Assault Brigade Locations: Kyiv, Ukraine, Ukrainian, United States, Swiss, Russia, Ben, Marrakesh, AFP, Moscow, Bakhmut, Donetsk region
MARRAKESH, MOROCCO - OCTOBER 13: Ajay Banga, President of the World Bank Group, speaks during the International Monetary Fund (IMF) meeting in Marrakesh, Morocco on October 13, 2023. Ajay Banga told CNBC that the onset of the Israel-Hamas war has thrown nascent normalization talks off course, making regional cooperation much more difficult. The president of the World Bank on Tuesday said that it will be some time before progress toward a more peaceful Middle East can resume in earnest. Banga was speaking at the Future Investment Initiative Institute conference in Riyadh, where business leaders are gathered to discuss economic and investment prospects of the Middle East region. The World Bank chief said that the conflict could have ramifications not only for the region, but also for the wider global economy — most notably for energy markets.
Persons: Ajay Banga, Abu Adem Muhammed, Banga, CNBC's Dan Murphy, I'm, Kristalina Georgieva Organizations: World Bank Group, International Monetary Fund, Anadolu, Getty, CNBC, World Bank, Future Investment Initiative Institute, Palestinian, Israel Locations: MARRAKESH, MOROCCO, Marrakesh, Morocco, Israel, Riyadh, East, Gaza, Saudi Arabia, Banga, Russia, Ukraine
Kristalina Georgieva, managing director of the International Monetary Fund (left), Ajay Banga, president of the World Bank Group (center) and Mohammed Al-Jadaan, Saudi Arabia's finance minister, during a panel session at the annual meetings of the International Monetary Fund and World Bank in Marrakesh, Morocco, on Thursday, Oct. 12, 2023. "Maybe it's time to set the record straight," Finance Minister Mohammed al-Jadaan said Thursday at the World Bank and International Monetary Fund joint conference in Marrakesh, Morocco. China built infrastructure that they cannot carry with them to China, it will actually be in Africa. China took the risks, when people didn't want to take the risks," he said at a panel discussion on debt reform priorities. He was speaking on a Marrakesh panel discussion, which included the heads of both the World Bank and International Monetary Fund, as well as Zambia's Minister of Finance and National Planning, Situmbeko Musokotwane.
Persons: Kristalina Georgieva, Ajay Banga, Mohammed Al, Mohammed al, Jadaan Organizations: International Monetary Fund, World Bank Group, World Bank, Finance, National Locations: Saudi, Marrakesh, Morocco, Saudi Arabia, China, Beijing, Africa, Musokotwane
Morning Bid: Inflation test looms for Fed doves
  + stars: | 2023-10-12 | by ( Kevin Buckland | ) www.reuters.com   time to read: +2 min
For now, the consistent and - for equity investors - very welcome refrain from Fed officials that caution is warranted before further rate rises has drowned out any concerns about data. But just how quickly markets turned at the start of the week shows how quickly they could turn again. Despite the dovish trimmings, the core Fed message remains that rates will rise as far as they have to in order to rein in inflation. Fed regional bank heads Lorie Logan, Susan Collins and Raphael Bostic have the chance to air their views in remarks at separate events today. It's a big day for British data as well, with GDP and industrial production due first thing.
Persons: Kevin Buckland, Lorie Logan, Susan Collins, Raphael Bostic, Huw Pill, Andrew Bailey, BoE, Sam Holmes Organizations: Japan's Nikkei, Hong, Reuters, Bank of England, IMF, Bank, U.S . CPI, Thomson Locations: Asia, Washington, Marrakesh
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/europe/belgium-plans-1-8-billion-ukraine-fund-using-taxes-on-frozen-russian-assets-5acfd29
Persons: Dow Jones Locations: belgium, ukraine
Yellen Says Nothing Off the Table for Iran Sanctions
  + stars: | 2023-10-11 | by ( ) www.wsj.com   time to read: 1 min
MARRAKESH, Morocco—Treasury Secretary Janet Yellen said the U.S. could take steps to tighten sanctions on Iran after Hamas attacked Israel this weekend, though she didn’t commit to specific steps. The Biden administration last month freed roughly $6 billion in sanctioned Iranian oil proceeds as part of a prisoner exchange, a move criticized by Republicans in Washington. At a press conference during meetings of the World Bank and International Monetary Fund, Yellen said the money could be refrozen. "These are funds that are sitting in Qatar that were made available purely for humanitarian purposes, the funds have not been touched," she said. "I won’t take anything off the table in terms of future possible actions, but certainly I don’t want to get ahead of where we are on that."
Persons: Janet Yellen, Biden, Yellen Organizations: Morocco —, Republicans, World Bank, International Monetary Fund Locations: MARRAKESH, Morocco, U.S, Iran, Israel, Washington, Qatar
Chinese officials must take "forceful action" to address the problems in its property sector, an IMF official said. "Clearly what this is calling for is forceful action by the authorities," he said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementThe chief economist of the International Monetary Fund cautioned that Beijing authorities must enact robust policy to address the issues plaguing China's property sector. "Clearly what this is calling for is forceful action by the authorities," Gourinchas said, according to Bloomberg.
Persons: , Pierre, Olivier Gourinchas, Gourinchas Organizations: Service, International Monetary Fund, Bloomberg, IMF Locations: Beijing, Marrakesh, Morocco, Evergrande, Gourinchas, China
Morning Bid: 'Remarkable' US markets surf crosscurrents
  + stars: | 2023-10-10 | by ( ) www.reuters.com   time to read: +5 min
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. Stock futures are higher once again ahead of the bell today. As cash Treasury markets returned from Monday's Columbus Day holiday to a week of heavy long-term debt auctions, they were also greeted with rekindled optimism about the Federal Reserve's policy rate trajectory. Ten-year U.S. Treasury yields are set to kick off Tuesday's U.S. trading day at some 4.65% - almost a quarter of a percentage point below the peak set just after Friday's blowout September jobs report. Elsewhere, PepsiCo (PEP.O) edged 0.8% higher ahead of the beverage maker's third-quarter results and Unity (U.N) jumped 6.4% after the video-game software maker said its CEO John Riccitiello would retire.
Persons: Brendan McDermid, Mike Dolan, Lorie Logan, Logan, Philip Jefferson chimed, John Riccitiello, Christopher Waller, Neel Kashkari, Mary Daly, Raphael Bostic, Ed Osmond Organizations: New York Stock Exchange, REUTERS, Columbus, Federal, Dallas Fed, Treasury, Monetary Fund, IMF, World Bank, Fund, HK, Bloomberg, Alibaba, Baidu, PepsiCo, Reserve, San Francisco Fed, Atlanta Fed, PepsiCo NFIB Consumer, Reuters Messaging, Thomson, Reuters Locations: New York City, U.S, Israel, Marrakesh, China, Beijing, Minneapolis, San
Attendees arrive at the event campus on the opening day of the annual meetings of the International Monetary Fund (IMF) and World Bank in Marrakesh, Morocco, on Monday, Oct. 9, 2023. The International Monetary Fund on Tuesday released its latest World Economic Outlook, which revised its forecast for U.S. growth higher while predicting slower expansion for the euro zone. The IMF raised its U.S. growth projection for this year by 0.3 percentage points, compared with its July update, to 2.1%. It hiked next year's forecast by 0.5 percentage points, to 1.5%. Its euro area growth forecast for 2023 was revised down by 0.2 percentage points to 0.7%, meanwhile, and for 2024 was lowered by 0.3 percentage points to 1.2%.
Organizations: International Monetary Fund, Bank, Monetary Fund, IMF Locations: Marrakesh, Morocco, U.S, United Kingdom
IMF Says It's Too Soon to Assess Economic Impact
  + stars: | 2023-10-10 | by ( ) www.wsj.com   time to read: 1 min
The top economist at the International Monetary Fund said it is too soon to tell whether the war between Israel and Hamas will have broad economic consequences. Pierre-Olivier Gourinchas said the conflict risks creating an energy-supply shock, which could raise oil prices, feed inflation and reduce growth. IMF research shows a 10% increase in oil prices reduces global economic growth by 0.15 percentage point. While oil prices have jumped since the fighting started, Gourinchas said the increases may not last. I think it's too early to really assess what the impact might be," he said, at the IMF's annual meetings in Marrakesh, Morocco.
Persons: Pierre, Olivier Gourinchas, Gourinchas Organizations: International Monetary Fund Locations: Israel, Marrakesh, Morocco
Morning Bid: Oil up but restrained on Mideast jolt
  + stars: | 2023-10-09 | by ( ) www.reuters.com   time to read: +5 min
Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. U.S. crude oil prices rose about 3% higher on Monday as Israel retaliated for Saturday's shock attack by the Islamist group Hamas. With concern about a spillover over the long-running conflict to the wider stage, oil and other traditional global 'safety' plays caught a bid. What's more, any direct connection to Iran's possible involvement would scupper any easing of sanctions there and affect an estimated 3% of world oil supply. A sustained oil price rise from here could aggravate the inflation picture the Fed is negotiating - but could also drag on growth too.
Persons: Nick Oxford, Mike Dolan, Israel, What's, Friday's, Jaime Gilinski, Michael Barr, Philip Jefferson, Lorie Logan, Bank of England policymaker Catherine Mann, Bernadette Baum Organizations: Midland , Texas U.S, REUTERS, Hamas, Saudi, White, Street, Tehran, Treasury, U.S, Columbus Day, New York Stock Exchange, Nasdaq, Stock, Tel, Bank of Israel, Federal Reserve, Metro Bank, Metro, Columbus, Federal, NYSE, World Bank, IMF, Dallas Fed, Bank of England, United, Thomson, Reuters Locations: Midland , Texas, U.S, Iran, Saudi Arabia, Israel, Saudi, Russia, Tel Aviv, Europe, Marrakesh, Morocco, United States
WASHINGTON (AP) — The global economy has shown “remarkable resilience’’ but still bears deep scars from the coronavirus pandemic, the war in Ukraine and rising interest rates, the head of the International Monetary Fund said Thursday. The United States, she said, “is the only major economy where output has returned to its pre-pandemic path. Weighing on global growth is China’s disappointing recovery despite the lifting late last year of draconian zero-COVID policies, which had crippled commerce in the world's second-biggest economy last year. She said the odds are rising that global economy can manage a “soft landing’’ — avoiding recession even while bringing down inflationary pressure. “Fighting inflation is the number one priority,’’ she said, urging central banks to keep interest rates “higher for longer.
Persons: , Kristalina Georgieva, Georgieva, , Sam Metz Organizations: WASHINGTON, International Monetary Fund, IMF, World Bank, Global, U.S . Federal Reserve, Bank, Associated Press Locations: Ukraine, Abidjan, Ivory Coast, United States, Marrakesh, Morocco, Rabat
Now she stood near the Koutoubia Mosque, where she and other Marrakesh residents once prayed regularly, filling it during the holy fasting month of Ramadan or the days of Eid. Its square had been sealed off by metal barriers and police tape while experts assessed the damage, but no final diagnosis had been made, according to a government official. “I would love to go there and pray for the dead,” said Ms. Chuegra, “but I’m afraid it might collapse.”Elsewhere in Marrakesh, several museums, as well as the 16th-century El Badi Palace (often translated as “The Incomparable”) and the late 19th-century El Bahia Palace (“The Beautiful”) were closed to visitors. Experts have judged them to be in serious condition, and what appeared to be materials for shoring up the structure of El Badi were piled outside the palace on Wednesday. Residents said the apparently untouched or lightly cracked exterior walls of the homes hid serious destruction within.
Persons: , , Chuegra, El Organizations: Residents Locations: Koutoubia, Marrakesh, Bahia, El Badi, Medina, guesthouses
A video from 2022 showing the moment a building collapsed in the Moroccan city of Casablanca is being falsely linked online to the country’s 2023 earthquake. “The moment a residential building collapsed after the earthquake in Morocco,” a Facebook user sharing the video on Sept. 9 wrote (here ). A 6.8 magnitude earthquake occurred 72 kilometers southwest of Marrakesh, Morocco, late on Sept. 8, 2023. Reuters reported that the earthquake was the deadliest in Morocco since 1960, when a major earthquake killed at least about 12,000 people (here ). The video dates to the collapse of a building in Casablanca in 2022, and not to the earthquake that struck Morocco in September 2023.
Persons: Organizations: Reuters, Google Locations: Moroccan, Casablanca, Morocco, Cherif, Marrakesh
Before the tourists came to marvel at the valley cradled in Morocco’s Atlas Mountains, with its arid red slopes splashed with lush green and its deep-blue lake, the only living to be made was in olive farming, and not much of a living at that. Then came the modest little hiking lodge and the luxury resort, and the quasi-palace owned by Richard Branson and the inns set up by the people of the Ouirgane Valley, many of whom are members of the Amazigh ethnic group, more commonly known as Berbers. As more and more tourists discovered over the last few decades that the area was only an hour’s drive from the city of Marrakesh, the residents of villages like Ouirgane got jobs as guides for mule riding and hiking, drivers, waiters, hoteliers, restaurateurs and more. Many were able to move back home from Moroccan cities like Marrakesh and Essaouira, where they had taken jobs to support families in their villages.
Persons: Richard Branson, Ouirgane Locations: Atlas, Marrakesh, Moroccan, Essaouira
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/hopes-of-rescuing-morocco-earthquake-survivors-dwindle-as-death-toll-nears-2-900-f60776eb
Persons: Dow Jones Locations: morocco
The series of catastrophic events has left many tourists in a conundrum over how to respond. Those already in a country in the wake of a disaster debate whether they should stay or leave. Can they and the revenue they bring in be of any real help, or will they be a burden? How appropriate is it to let tourism go on while a nation is in a state of collective mourning and rescue efforts are underway? In Morocco, however, where a powerful 6.8-magnitude earthquake struck the Atlas Mountains southwest of Marrakesh on Friday, killing thousands, the outlook is more unified.
Persons: don’t Locations: Turkey, Greece, Hawaii, Morocco, Maui, Lahaina, Marrakesh
Hopes were fading of finding survivors alive in the rubble of a powerful earthquake that struck Morocco, as rescue efforts entered a fourth day on Tuesday with the death toll creeping up to nearly 2,900 people. The quake on Friday night with a magnitude of at least 6.8 was centered in the High Atlas Mountains, not far from the major city of Marrakesh. It was the most powerful to strike that area in at least a century, flattening fragile mud brick houses in the poor, rural villages that were the hardest hit. Morocco’s government has drawn some criticism for what has been seen as a sluggish response and a seeming reluctance to accept a deluge of offers to send in expert international teams and aid. But a government spokesman pushed back against that criticism late on Sunday, saying the authorities “were working to intervene quickly, effectively and successfully.”But King Mohammad VI, who calls the shots on all the most important matters of state in Morocco, and other authorities have released little information since the earthquake struck, updating casualty figures infrequently and making few public statements.
Persons: King Mohammad VI Locations: Morocco, Marrakesh
Tinzert, Atlas Mountains, Morocco CNN —Rajaa Acherhri was known as the village math genius. She buried them the next day, alongside 19 other people who were killed in Tinzert, a tiny mountain village in the Atlas Mountains in Morocco. Hakim Idlhousein stands near the rubble of his house, in the village of Tinzert, in Morocco, which was destroyed by the quake. Mosa'ab Elshamy/AP Bags of blood sit on a table at a blood center in Marrakech, Morocco, on September 11. Fadel Senna/AFP/Getty Images In pictures: Powerful earthquake kills thousands in Morocco Prev NextFatema Acherhri was born in Tinzert, as was her husband.
Persons: Morocco CNN — Rajaa Acherhri, Sanaa, Fatema, Rajaa, hasn’t, Fatema Acherhri, Ivana Kottasova, ” Hakim Idlhousein, Idlhousein, CNN they’ve, Abdeltif Ait Bensoli, Ait Bensoli, Edabdelah, couldn’t, Ait, Hakim Idlhousein, , Fadel Senna, Talat, Hannah McKay, Talat N'Yaaqoub, Nacho Doce, Carl Court, Alejandro Martinez Velez, Talat N'yaaqoub, Reuters Mouath Aytnasr, Suleiman, Mosa'ab, Abu Adem Muhammed, Nathan Laine, Wang Dongzhen, Moulay Brahim, Piero Cruciatti, Abdelhak Balhaki, Acherhri, hammam, ” Acherhri, , , Ourika Organizations: Morocco CNN, CNN, UNICEF, Moroccan, Getty, Reuters, Anadolu Agency, Bloomberg, Kyodo, People, Moroccan Royal Armed Forces Locations: Atlas Mountains, Morocco, Tinzert, Moroccan, Al Haouz, Ifghan, Ait Bensoli, Marrakech, Douzrou, AFP, Talat N'Yaaqoub, Talat, Tinmel, Tafeghaghte, Old City, Amizmiz, Xinhua, Moulay, Brahim, Moulay Brahim, Tansghart, Marrakesh
Like almost every building in Douar Tnirt, a village high up in the Atlas Mountains of Morocco, the home was a rubble of broken mud bricks, its broken doorbell insisting in vain that, even after a powerful earthquake, it was still a place where humans could live. Right after the quake struck on Friday, they started search and rescue with their bare, untrained hands, eventually adding shovels and picks. By Sunday, the government had sent neither emergency responders nor aid to Douar Tnirt and several other mountain villages visited by journalists for The New York Times. “They don’t want to see them, and, well, it’s about respect for the dead,” Ms. Id al-Houcine said. “If you don’t, you don’t.”
Persons: Douar Tnirt, , Zahra, , Id, Houcine, Abdessamad Ait Organizations: The New York Times Locations: Douar Tnirt, Morocco, Marrakesh, Abdessamad Ait Ihia
Others tried to comfort the wounded and grieving. A lack of ambulances and other transportation from Douar Tnirt meant that some people who had been pulled alive from the rubble over the weekend died before they could be taken to Marrakesh for treatment, residents said. Others waited for hours before being driven there by private transport. Some Moroccans expressed frustration with the pace of aid efforts. “Help was extremely late,” said Fouad Abdelmoumni, a Moroccan economist.
Persons: Tnirt, , , Fouad Abdelmoumni, King Mohammed VI Organizations: Moroccan Locations: Casablanca, Marrakesh, Moroccan
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