Economy
The nonpartisan Congressional Budget Office (CBO) revised its forecast on Wednesday, lowering the expected cost of President Donald Trump’s tax-cut and spending legislation. The updated projection estimates the plan will increase the national debt by approximately $2.4 trillion, down from a previous......
U.S. President Donald Trump has significantly increased tariffs on imported steel and aluminum, raising them to 50%. This move, announced in a presidential order effective from 12:01 a.m. local time on Tuesday, is presented as a measure to protect national security. According to the White House, although......
Nigeria is actively courting international investors for the $25 billion Nigeria-Morocco gas pipeline project, a strategic initiative designed to deliver natural gas to European markets. This ambitious infrastructure project spans 5,660 kilometers and aims to transport Nigerian gas via an undersea route......
Morocco has announced an updated national strategy for sustainable development, aimed at creating a fair and inclusive green transformation by the year 2035. Minister of Energy Transition and Sustainable Development Leila Benali presented the revised strategy to the House of Representatives’ Committee......
Spain amended its housing law two years ago to curb soaring property prices and rents. The reform aimed to regulate rent prices through a rent control index, increase taxes on landlords with vacant properties, and incentivize below-market rental rates. Since then, rental prices have risen by 24 percent......
Morocco, one of the world’s top hashish producers, is undergoing a major transformation. With Law 13-21 legalizing cannabis for medical, cosmetic, and industrial uses, the country is shifting from black market cultivation to a regulated economy aimed at revitalizing its rural regions. A new legal......
Morocco took another significant step toward its digital-hub ambitions today as Technopark Morocco and Plug and Play Tech Center signed a strategic partnership at Technopark headquarters in Casablanca. The Ministry of Digital Transition and Administration Reform (MTNRA) and the Ministry of Economy and......
Innovative Energy & Efficiency (INEE), a subsidiary of the CDG Group, has achieved a significant milestone by becoming the first company to receive official accreditation as an Energy Services Company (ESCO) in Morocco. This landmark development was authorized by the Ministry of Energy Transition......
Morocco has emerged as a pivotal player in the global automotive sector, transforming from an outsider to the leading car producer in Africa. Remarkably, it has become the primary supplier of vehicles to the European Union, surpassing established giants......
During the first quarter of 2025, ports under the management of Morocco’s National Ports Agency (ANP) handled close to 23 million tonnes of cargo, marking a 4.1% increase compared to the same period in 2024. According to a recent statement from the ANP, the agency’s cumulative revenue rose......
Valerius Morocco has inaugurated a new textile manufacturing plant in Salé, marking a strategic expansion in Morocco’s fast-fashion ecosystem. The facility, launched in the presence of His Majesty King Mohammed VI’s Minister of Industry and Commerce Ryad Mezzour, represents a $10.27......
Remittances from the Moroccan diaspora dropped by 3.7% by the end of April 2025 compared to the same period in 2024, according to the latest data from the Exchange Office. The total volume of funds sent home fell from MAD 37.27 billion ($4 billion) to MAD 35.9 billion ($3.88 billion), marking a decrease......
Morocco has rapidly emerged as one of the leading markets for Russian wheat exports in recent years, joining other growing destinations such as Nigeria, Kenya, Libya, Tunisia, and Tanzania. Dmitry Sergeyev, chairman of the Russian Union of Grain Exporters and Producers, highlighted this trend in an interview......
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