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Morocco intensifies its regional energy ambitions with new Mauritanian partnership

Morocco and Mauritania are preparing to sign a significant memorandum of understanding for electricity connection between the two nations, according to Morocco's Minister of Energy Transition and Sustainable Development, Leila Benali. The agreement, set to be finalized during the Mauritanian Energy......

Global natural gas consumption hits record in 2024

Global natural gas consumption reached a historic high in 2024, according to the International Energy Agency (IEA), which anticipates a "tight" market in 2025. The world consumed 115 billion cubic meters more natural gas than in 2023, a 2.8% increase, well above the average growth rate of 2%......

Morocco's strategic inland port project receives $140 million boost

A significant milestone in Morocco's logistics infrastructure development was reached as the Agadir Atlantic Hub dry port project secured a $140 million investment. The groundbreaking protocol agreement was signed on January 20 in a ceremony overseen by Morocco's Head of Government, Aziz Akhannouch. Located......

Bitcoin soars to USD 110,000 milestone amid Trump's presidential transition

The cryptocurrency Bitcoin reached unprecedented heights Monday, touching USD 110,000 per bitcoin as Donald Trump prepared to return to the White House. The surge coincided with the weekend launch of new cryptocurrency tokens by Donald and Melania Trump. The Trump-linked tokens, categorized as "meme......

Major oil reserve discovery in Iraq: two billion barrels uncovered

Iraq has announced the discovery of over two billion barrels of oil reserves located to the east of Baghdad. The announcement was made by the country’s state-run Central Oil Company. This new find is part of Iraq's ongoing efforts to boost its oil production capacity. Earlier last year, Iraq......

Morocco’s exports set to rise 7.7% in 2025, driven by automotive and aerospace sectors

Morocco’s exports of goods and services are projected to grow by 7.7% in 2025, building on a robust 7.9% increase in 2024, according to the latest report from the country’s Forecasts and Statistics Office (HCP). The growth is attributed to sustained international demand, particularly in the......

Bilateral trade between Morocco and Brazil sees significant increase in 2024

In 2024, trade between Morocco and Brazil saw a growth of 4.52%, reaching a total of $2.77 billion compared to $2.65 billion in 2023, according to the Arab-Brazilian Chamber of Commerce. This increase demonstrates a notable boost in bilateral relations, with a slight trade surplus of approximately $2.2......

Morocco’s economic growth to reach 4.2% in 2025, driven by domestic demand

Morocco’s economic outlook remains positive, with domestic demand expected to fuel a 4.2% growth in 2025, according to the latest projections from the High Commission for Planning (HCP). This follows an estimated 4.9% growth in 2024, highlighting the central role of domestic demand in sustaining......

36% of Moroccans Lack Retirement Plans, Survey Reveals Stark Inequalities in Pension Coverage

A recent survey conducted by market research group Sunergia has uncovered significant gaps in retirement planning among Moroccans, highlighting widespread inequalities in access to pension coverage. The findings reveal that while 59% of Moroccans benefit from employer-provided retirement plans, a staggering......

Morocco’s economy set for strong recovery in 2025 with key growth in agriculture and industry

After a challenging year marked by drought and slowed economic activity, Morocco’s economy is poised for a significant rebound in 2025, according to the latest projections from the High Commission for Planning (HCP). The recovery is expected to be driven by improvements in key sectors such as agriculture,......

Bitcoin Reaches New Milestone amid Political Transition

Bitcoin has reached a groundbreaking value, climbing to a record high of $109,000 on the eve of a significant political event in the United States. This surge coincides with preparations for the inauguration of Donald Trump as the new president. The cryptocurrency experienced an unprecedented rise to......

Moroccan households face savings challenges amid economic strain, report finds

A recent study by Morocco’s High Commission for Planning (HCP) reveals that only 11.1% of households are optimistic about their ability to save in the upcoming year. The overwhelming majority, 88.9%, indicate they cannot set aside any money, highlighting the persistent financial difficulties faced......

Historic reopening: First commercial vehicle crosses Morocco-Spain border after six years

In a significant development for Morocco-Spain relations, the first commercial truck successfully crossed from Melilla into Morocco through the Beni Enzar customs post on Wednesday, marking the end of a six-year closure that began in August 2018. The vehicle, carrying approximately 600 kilograms of home......

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