Economy
The Moroccan dirham exhibited mixed performance in July 2025, strengthening by 1.3% against the US dollar while depreciating by 0.2% against the euro, according to the latest economic review by Bank Al-Maghrib (BAM). These shifts coincided with a 1.5% rise in the euro’s value against the dollar. The......
Moroccan avocado producers are bracing for a significant reduction in harvest volumes for the 2025–2026 season, following successive heatwaves that struck the country in late June and early August. According to estimates from the Moroccan Avocado Association, reported by specialized outlet Freshplaza,......
Eight hundred workers from Morocco and Nepal are set to join the Fiat factory in Kragujevac, Serbia, as the company grapples with a labor shortage caused by insufficient local interest in the offered wages. According to Serbian media, this decision aims to address the factory's operational needs......
The National Office of Electricity and Drinking Water (ONEE) has initiated a tender for constructing a hybrid solar-diesel power plant with battery storage in El Guerguarat, marking a significant step in Morocco's renewable energy transition. The project, with an estimated cost of MAD 61.8 million......
Morocco’s customs revenue reached MAD 54.79 billion ($6.09 billion) during the first seven months of 2025, marking a 5.8% year-over-year increase, according to data from the Treasury General of the Kingdom (TGR). This steady growth underscores the resilience of Morocco’s fiscal revenue from......
Morocco will host its inaugural Agro Export Day on November 19, 2025, at the Hyatt Regency Casablanca. Organized by the National Federation of the Agri-Food Industry (FENAGRI), the event aims to elevate Moroccan agro-food exports and highlight the sector’s global competitiveness under the theme:......
Morocco has made a remarkable comeback in its potato export industry during the 2024-2025 season, following five years of declining performance. Between July 2024 and May 2025, the country exported 42,900 tons of consumer potatoes valued at $14.9 million, representing a 5.7-fold increase compared to......
Saudi Arabia’s nearly $1 trillion sovereign wealth fund, the Public Investment Fund (PIF), announced that artificial intelligence and automation now underpin “every layer” of its operations. This integration is not only reshaping the fund’s investment strategies but also reflecting......
In just two decades, the financial dynamics of sub-Saharan Africa have undergone a seismic shift. European banks, once dominant in the region, are retreating, leaving room for African institutions—led by Moroccan banks—to expand their influence and reshape the landscape of African banking. European......
The Moroccan National Airports Authority (ONDA) has introduced a groundbreaking change by integrating two specialized programs from the Mohammed VI International Academy of Civil Aviation directly into the National Common Entrance Exam (CNC). The programs—Air Navigation Control (CNA) and Electronics......
The U.S. government’s trade strategy with China has taken an unexpected turn as President Donald Trump announced a revenue-sharing deal with Nvidia and AMD, allowing limited sales of artificial intelligence (AI) chips to China. Under the agreement, the companies will pay 15% of their proceeds from......
The United States and China have agreed to extend their tariff truce for an additional 90 days, preventing a sharp rise in duties that risked further straining trade relations between the two economic superpowers. US President Donald Trump announced the decision on Monday, revealing an executive order......
More million-euro properties than low-cost rentals Spain’s housing market is marked by a glaring imbalance, with more luxury homes priced over €1 million than rental properties available for under €1,000. According to data from the property portal Idealista, there are currently 43,707......
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