Economy
The European Bank for Reconstruction and Development (EBRD) has approved a €10 million loan to Fondation Arrawaj, one of Morocco’s leading microfinance institutions. The financing aims to empower young entrepreneurs and small businesses, particularly in regions affected by the Al Haouz 2023......
The International Energy Agency (IEA) released a new report analyzing energy diversification strategies in the Middle East and North Africa (MENA). The report highlights that MENA has become one of the fastest-growing contributors to global electricity demand since 2000, with demand tripling by 2024.......
The Moroccan government has taken a significant step forward in its green hydrogen ambitions, with the successful completion of the preliminary phase of the “Chbika 1” project. This milestone was announced during a steering committee meeting on the “Morocco Offer” for green hydrogen,......
Morocco has called for greater cooperation among Arab central banks to confront shared economic challenges. Speaking at the 49th meeting of Arab central bank governors in Tunisia, Bank Al-Maghrib Governor Abdellatif Jouahri emphasized that collaboration is essential to address global shocks affecting......
Morocco has achieved a historic milestone in its agricultural sector, exporting 745,000 tons of tomatoes during the 2024/25 season, a record-breaking figure despite challenges posed by drought and labor shortages. This achievement solidifies Morocco’s position as the third-largest tomato exporter......
Spain’s Minister of Agriculture, Fisheries, and Food, Luis Planas, has firmly defended the nation’s food import controls following accusations from the Popular Party (PP) of tolerating “unfair competition” from Moroccan agricultural exports. During a parliamentary session,......
London-based diversified metals and minerals producer Xtract Resources Plc has acquired two exploration licenses in Morocco’s Khenifra province, signaling a strategic move to tap into the region’s mineral wealth. The licenses, purchased through its 80%-owned subsidiary Wildstone SARL for......
Leapmotor, a leading Chinese electric vehicle (EV) manufacturer, has officially launched in Morocco, marking a major step forward in the kingdom’s transition towards cleaner and more sustainable transportation. This announcement comes under the strategic partnership with Stellantis, the automotive......
On September 10, 2025, Dutch health authorities issued an alert through the European Rapid Alert System for Food and Feed (RASSF), numbered 2025.6942, regarding the presence of metals in a batch of cherry tomatoes exported from Morocco. The batch in question was immediately removed from the market as......
Relocating to Andorra could significantly reduce your tax burden compared to living in Spain, especially if you’re a high-earner or self-employed. Nestled in the Pyrenees between Spain and France, this small, independent country offers not only breathtaking landscapes and outdoor activities but......
Moroccan jewelers are preparing to launch a gold import company under the leadership of the Moroccan Federation of Jewelers. This initiative seeks to combat the dominance of the informal market and establish a more regulated and stable gold industry in Morocco. Tackling informality in the gold sector The......
Elon Musk has made a bold move to reinforce confidence in Tesla, purchasing nearly $1 billion worth of its stock in open-market transactions. This marks his first such acquisition since 2020, as Musk acquired approximately 2.57 million shares at prices ranging from $372.37 to $396.54 per share. The transaction......
The President of the Central African Republic (CAR), Faustin-Archange Touadéra, praised His Majesty King Mohammed VI for his instrumental role in facilitating a landmark investment roundtable in Casablanca, which secured $9 billion in commitments to fund CAR’s National Development Plan (NDP)......
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