Economy
Morocco’s citrus industry is set to experience moderate growth in the 2025/26 marketing year, with tangerine and mandarin production projected to reach 1.15 million metric tons, a 4% increase compared to the previous season. Favorable weather conditions and the natural growth cycle of citrus trees......
Morocco’s entrepreneurial landscape is thriving, with an impressive tally of 92,232 new businesses registered by the end of October 2025, as reported by the Moroccan Office of Industrial and Commercial Property (OMPIC). These numbers reflect the country’s unwavering momentum in the realms......
Morocco exported a record 112,000 tons of avocados between September 2024 and August 2025, marking a significant milestone in the country’s agricultural export sector. Data from EastFruit highlights that this represents a “new all-time high,” with export revenues surpassing $300 million......
A large-scale drone assault launched by Ukraine struck key energy facilities deep inside Russian territory, leading to the suspension of operations at one of Russia’s most critical gas plants and igniting fires at oil storage depots. The overnight attack, one of the most extensive in recent months,......
A fully loaded Panama-flagged oil tanker has returned to Venezuelan waters after the United States intensified its maritime blockade targeting the country’s oil exports. The vessel, initially bound for foreign ports, reversed course following reports that the U.S. Coast Guard intercepted several......
The Chinese yuan exceeded the key threshold of 7 per dollar for the first time since September 2024, signaling renewed confidence in the nation’s currency strategy. The offshore yuan reached 6.9985 against the U.S. dollar on Thursday after the People’s Bank of China (PBOC) set its daily midpoint......
Morocco’s Banque Centrale Populaire (BCP) has completed the acquisition of the remaining shares of Atlantic Business International (ABI), becoming the sole owner of the west African financial group, according to an official statement released on Wednesday. BCP finalized the purchase of a 20.17......
Gold prices smashed through $4,500 per ounce on Wednesday, hitting a historic high of $4,525, as silver raced to $72.70 per ounce in a blistering year-end rally that delivers gold its strongest annual gain since 1979 at over 70 percent. Escalating frictions between the United States and Venezuela, marked......
Relentless Russian strikes on Ukraine’s Black Sea port infrastructure throughout December have severely disrupted the nation’s grain exports, driving wheat prices higher on global markets. The bombardments, focused primarily on the Odesa region, have crippled key ports, destroyed vital logistics......
Morocco has introduced its 2026 Finance Law, officially Law No. 50-25, which outlines a comprehensive fiscal framework designed to consolidate economic growth, support job creation, and ensure fair taxation. The legislation continues the government’s broader reform strategy aimed at strengthening......
Binance’s native cryptocurrency, BNB, is facing renewed downward pressure as it approaches a critical support level, raising concerns among traders about a potential deeper correction. The token has lost momentum after a sharp retreat from its December highs, underscoring growing caution in the......
Morocco and Japan have strengthened their long-standing partnership in the fisheries sector by signing a new grant agreement to advance the redevelopment of the Souiria K’dima fishing village. The initiative aims to modernize artisanal fishing infrastructure, support the blue economy, and drive......
Saham Paiements is set to acquire part of the merchant portfolio of Morocco’s Interbank Monetary Center (CMI), in line with the national initiative to modernize payment services. The move aims to increase competition among payment institutions, encouraging innovation and diversified solutions......
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