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Economy


Morocco Braces for Surge in Business Insolvencies: Economic Challenges Ahead

The Moroccan business landscape is set to face significant challenges in the coming years, according to a recent global report by Allianz Trade. The study, titled "Global Insolvency Outlook: The ebb and flow of the insolvency wave," predicts a substantial increase in business insolvencies across......

Morocco Eyes Real Estate Wealth Tax to Bolster Universal Social Protection

Morocco is considering the implementation of a tax on real estate wealth as a means to finance its ambitious universal social protection program, according to a recent report by the Arab Reform Initiative. The study, titled "Property Taxes: Missed Opportunities for Funding Universal Social Protection......

Tangier-Tétouan-Al Hoceima's Investment Boom: A Catalyst for Morocco's Economic Growth

The Tangier-Tétouan-Al Hoceima region of Morocco is experiencing a remarkable surge in economic activity, with approved investments reaching an impressive 69 billion dirhams in the first nine months of 2024. This significant influx of capital positions the region as a key player in Morocco's......

Morocco's Atlantic Vision: A Bridge Between Continents Unveiled in Quebec

In a significant diplomatic outreach, Morocco's ambitious Atlantic Initiative was showcased in Drummondville, Quebec, highlighting the kingdom's strategic vision for intercontinental cooperation. The event, part of the 5th Moroccan Cultural Day, underscored Morocco's pivotal role in fostering......

Moroccan Buyers Surge to Second Place in Spanish Property Market

In a significant shift within Spain's real estate landscape, Moroccan nationals have emerged as the second-largest group of foreign property buyers during the first half of 2024. This development, reported by Spain's General Council of Notaries, marks a notable trend in cross-border real estate......

Morocco's 2025 Financial Roadmap: King Mohammed VI Unveils Ambitious Plan for Economic Growth and Social Progress

In a significant move towards economic revitalization and social advancement, King Mohammed VI of Morocco presided over a pivotal Council of Ministers meeting at the Royal Palace in Rabat. The gathering focused on the nation's 2025 Finance Bill, which outlines a comprehensive strategy to boost Morocco's......

Lamia Merzouki’s Election Marks a New Era for Morocco in Global Finance

In a landmark achievement for Morocco's financial landscape, Lamia Merzouki, Deputy CEO of Casablanca Finance City (CFC), has been elected President of the World Alliance of International Financial Centres (WAIFC). This significant development was announced during the WAIFC's Annual General Meeting......

Stellantis CEO Highlights Morocco’s Rising Threat to Spanish Auto Factories

Morocco aims to increase its vehicle production to one million units per year by 2025, up from the current 700,000, as part of its ambitious automotive industry growth strategy. During a recent media briefing at the 2024 Paris Motor Show, Carlos Tavares, CEO of Stellantis, praised the performance of......

Morocco's Industrial Renaissance: A Quarter-Century of Economic Transformation

Morocco's industrial sector has undergone a remarkable transformation over the past 25 years, positioning the country as a major player in global manufacturing and trade. Head of Government Aziz Akhannouch, speaking at the second edition of Morocco's National Industry Day, highlighted the nation's......

Moroccan Startups Face Uphill Battle: Only Half Survive Beyond 5 Years

Morocco's business landscape is facing significant challenges, as revealed by a recent joint report from the World Bank and the Moroccan Observatory of Very Small, Small, and Medium Enterprises. The study, titled "Unleashing the Potential of the Moroccan Private Sector: An Analysis of Business......

Morocco Charts Course for Economic Independence Through Shipbuilding Initiative

Morocco is setting its sights on developing a robust shipbuilding industry as a cornerstone of its economic sovereignty strategy, according to a comprehensive report by the Economic, Social and Environmental Council (CESE). This strategic pivot comes as the nation seeks to strengthen its maritime capabilities......

Australia's Birth Rate Reaches Historic Low, Raising Economic Concerns

In a significant demographic shift, Australia recorded 286,998 births in 2023, resulting in a total fertility rate (TFR) of just 1.50 babies per woman, according to the latest figures from the Australian Bureau of Statistics (ABS). This marks a decline from the previous year’s TFR of 1.63 and continues......

Morocco's Green Energy Surge: Powering the 2030 World Cup and Beyond

Morocco is set to make a significant leap in its renewable energy capacity, with plans to double green power output in its southern provinces by 2027. This ambitious project, estimated at $2.1 billion, is part of the country's preparation to co-host the 2030 FIFA World Cup alongside Spain and Portugal. The......