Morocco's unemployment rate has seen a significant surge, rising to 13.7% in the first quarter of 2024, according to the latest figures released by the High Commission for Planning (HCP). This represents an increase of 0.8 percentage points compared to the same period in 2023, when the rate stood......
In a sobering revelation, the latest report from the High Commission for Planning (HCP) has painted a grim picture of Morocco's labor market during the first quarter of 2024, with the lingering effects of drought taking a severe toll on employment prospects, particularly in rural areas. According......
In a pivotal move to bolster the country's investment landscape, the Moroccan government has adopted groundbreaking legislation aimed at reforming and strengthening the Regional Investment Centers (CRIs). The bill, known as Law No. 22.24, amends and supplements Law No. 47-18, which initially paved......
In a bold move that could reshape the European banking landscape, Spanish banking powerhouse BBVA (Banco Bilbao Vizcaya Argentaria) has announced its intention to acquire its domestic rival Banco Sabadell through a strategic merger proposal. This audacious bid, unveiled on Wednesday, aims to create one......
The National Office of Airports (ONDA) has launched an ambitious bid for the design and construction of its new headquarters, aiming to propel Casablanca Mohammed V Airport to new heights. This strategic move is crucial for the development of the airport, which aspires to become a world-class airport......
Mauritania has reversed its previous stance on raising customs duties for vegetables imported from Morocco, much to the relief of traders and consumers on both sides of the border. This decision, which came into effect on May 1st, coincides with the expiration of the decree that had originally implemented......
In a strong validation of Morocco's economic strength, the International Monetary Fund (IMF) has praised the Kingdom's adept handling of adverse conditions in 2023. Despite challenges like water scarcity, last September's earthquake, and sluggish growth in the Eurozone, Morocco saw a boost......
The Moroccan textile industry endured a challenging 2023, characterized by a significant decline in exports to the, characterized by a significant decline in exports to the European Union, its primary market for clothing. Dark clouds of micro-economic challenges now loom over this highly cyclical sector,......
In a move to strengthen economic ties with the United Kingdom, Moroccan authorities have issued an enthusiastic call to British investors and entrepreneurs. The goal? To highlight the potential of the Dakhla-Oued Eddahab region, which is emerging as a crucial commercial and logistical hub on the African......
To uphold fair competition and protect consumer interests, Morocco's Competition Council has initiated an investigation into potential violations of antitrust laws in the country's sardine supply market. The council's interim general rapporteur announced the probe on Tuesday, pointing to......
In a landscape-shifting move, major French banks are withdrawing from their long-standing presence in African markets, creating new competition and opening doors for local and regional lenders. This trend, outlined in a recent Fitch Ratings report, signals a significant transformation in the African......
Morocco's telecommunications industry is undergoing a significant transformation as the nation's mobile market experiences remarkable growth. By the end of 2023, mobile connections had soared to 55.9 million, according to a report from the Ministry of Economy and Finance. This represents a 5.6%......
Morocco's Competition Council has announced plans to conduct a comprehensive investigation into alleged price increases at cafes across the country. This move follows rising concerns about anti-competitive practices that could negatively impact consumers. Initial findings suggest that some cafe......
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