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Economy



OMTPME Strategic Plan 2024-2026 Approved, Aiming to Strengthen SME Development

The Board of Directors of the Moroccan Observatory for Very Small, Small, and Medium Enterprises (OMTPME) has given the green light to a comprehensive three-year strategic plan for 2024-2026 during its 7th meeting in Rabat. The primary objective is to fortify OMTPME's pivotal role in Morocco's......

Sluggish Reforms Impede Economic Recovery in Morocco

The General Confederation of Moroccan Enterprises (CGEM) has voiced its frustration regarding the sluggish pace of reforms in Morocco. In an article published in L’Economiste on Monday, December 18th, CGEM President Chakib Alj emphasized the urgent need to expedite stalled reforms, citing a growing......

Premiums Inch Upward in Moroccan Insurance Sector

The Moroccan insurance sector witnessed a modest 1.4% increase in premiums during the first nine months of the year, as reported by the Insurance and Social Welfare Control Authority (ACAPS). By the end of September, premiums had reached 42.94 billion Moroccan dirhams. In the third quarter alone, premiums......

Bank Al-Maghrib Inspires High Investor Confidence with Steady Interest Rates

Rabat - As inflation shows signs of deceleration, Morocco's central bank, Bank Al-Maghrib, is widely expected to maintain benchmark interest rates at 3% during its upcoming quarterly meeting on December 19th. According to a recent survey conducted by Attijari Global Research, there is unanimous......

Gold: A Timeless Investment Haven

For millennia, gold has entranced humanity, captivating ancient Egyptian pharaohs and modern central bankers alike. This precious metal has consistently proven itself as a reliable store of value, particularly during times of crisis when paper currencies falter. In the face of global economic uncertainty,......

OCP Successfully Concludes 5 Billion DH Perpetual Subordinated Bond Offering

 Moroccan phosphates giant, OCP S.A., has successfully concluded a 5 billion Moroccan dirham (DH) perpetual subordinated bond offering through a public announcement, as stated by the company. The bond offering, structured into two tranches featuring distinct interest rates and review periods, garnered......

Wafa IMA Assistance Receives 2024 Service Client of the Year Award

Wafa IMA Assistance, a pioneer in assistance services, has been honored with the prestigious 2024 Service Client of the Year Morocco award in the “Assistance” category, marking a historic achievement since its establishment in 2011. This recognition underscores the firm's unwavering commitment......

Le Cénacle unveils 'Nelio': A Pioneering Advertising Agency with a Multifaceted Media Portfolio

During a professional meeting gathering industry experts and the diverse team of a renowned media group, Le Cénacle officially announced the launch of a new advertising agency with versatile media content on Thursday evening at one of Casablanca's most well-known hotels. This significant......

Morocco Unveils Three Programs to Enhance Competitiveness in the Craft Industry

The Moroccan Ministry of Tourism, Handicrafts, and Social and Solidarity Economy has introduced three ambitious programs with the aim of fortifying the competitiveness of participants in the country's artisanal sector. These initiatives are seen as integral components of the government's overarching......

Morocco's Tax Overhaul: Navigating Property Sales with Mandatory Tax Clearance

A stringent property tax measure outlined in Morocco's 2024 Finance Act is poised to significantly impact real estate and business sales transactions within the country. Sale contracts can no longer be drafted until the seller obtains tax clearance, marking a pivotal change in the legal landscape. The......

Marrakech Ignites Climate Innovation Hub for MENA Region

A groundbreaking climate innovation hub has been launched in Marrakech, Morocco, with the aim of empowering entrepreneurs across the MENA region to develop solutions addressing the global climate crisis. The Marrakech Coalition for Climate Entrepreneurship (CCE) Hub, unveiled on December 12th, is supported......

Morocco-EU Partnership: Successful Advances in Competition Law

A collaborative partnership between Morocco and three European Union member states Greece, Poland, and Italy has resulted in significant advancements in Morocco's competition law and oversight, as per officials. Ahmed Rahhou, President of Morocco's Competition Council, announced on Tuesday that......

Empowering Moroccan Women Entrepreneurs: Sharing Experiences and Strategies

Marrakech recently hosted a timely workshop, focusing on promoting the economic empowerment of women entrepreneurs in Morocco and the wider Arab world. This event, an integral part of the Arab Entrepreneurship Summit, brought together female business owners and economic leaders to discuss strategies......

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