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Economy
The Qatar Islamic Bank (QIB) was honored with the prestigious title of "Best Islamic Bank in the Gulf Cooperation Council (GCC) for 2024," awarded by the International Union of Arab Bankers (IUAB) this past Saturday. This award highlights QIB's leading position in providing banking services......
New sanctions imposed by the U.S. on Russian oil producers and vessels are expected to significantly impact Russia's oil exports, forcing China and India to source more oil from the Middle East, Africa, and the Americas. This shift is expected to drive up oil prices and freight costs, traders and......
The United Nations has forecast positive economic momentum for Morocco, projecting steady growth in the coming years according to its latest economic assessment released Thursday. In its comprehensive "World Economic Situation and Prospects 2025" report, the UN anticipates Morocco's Gross......
The Moroccan Treasury and External Finance Department (DTFE) has implemented a series of sophisticated financial operations, deploying MAD 8.4 billion ($820 million) in cash surplus investments on Friday. This strategic financial move, executed under the Ministry of Economy and Finance's oversight,......
Morocco is taking significant steps to strengthen its aquaculture industry with a substantial new investment package. The National Agency for Aquaculture Development (ANDA) has announced the approval of 300 million Moroccan dirhams ($30 million) split between two funding programs aimed at developing......
Morocco has marked a significant milestone in its infrastructure development with the completion of the final segment of the Tiznit-Dakhla expressway. The newly opened 114-kilometer stretch, connecting Maader near Tiznit to Guelmim via Sidi Ifni, represents the culmination of a decade-long project that......
Morocco's voluntary asset disclosure initiative has generated MAD 6 billion for the public treasury from declared assets totaling MAD 127 billion, according to government spokesperson Mustapha Baitas during a Thursday press conference. The program has successfully strengthened relationships between......
Moroccan mining powerhouse Managem Group has finalized the sale of its Oumejrane mining subsidiary to Purple Hedge Resources Morocco for USD 30 million. The agreement, announced on Wednesday, includes potential additional payments of over USD 2 million, subject to conditions, payable after a 12-month......
Morocco is positioned for steady economic expansion in the coming years, with GDP growth projected at 3.2% in 2025 and 3.4% in 2026, according to a new United Nations report released by the Department of Economic and Social Affairs in New York. This growth forecast comes amid broader global economic......
Morocco's winter octopus fishing season has launched with remarkable success, according to recent reports from the State Secretariat for Maritime Fishing. The early days of the 2025 season have demonstrated exceptional results, particularly highlighting the effectiveness of the biological rest period......
France's top diplomatic official has issued a stark warning about potential social media platform restrictions in response to what he perceives as concerning interference in European political discourse. In a significant development, French Minister of European and Foreign Affairs Jean-Noël......
Morocco's recent tax amnesty initiative has successfully concluded, generating MAD 231.7 million (USD 22 million) in additional tax revenue through its Voluntary Asset Disclosure Program. The program, which ended on December 31, 2024, was designed to encourage Moroccans to declare assets and liquidity......
The first commercial vehicle in six years crossed from the Spanish enclave of Melilla into Morocco today, marking a closely regulated resumption of cross-border trade that has sparked controversy among Spanish officials and business leaders. The historic reopening, however, comes with stringent restrictions......
