In an impressive demonstration of resilience, the port of Dakhla experienced a remarkable 46% surge in coastal and small-scale fishing landings during the first quarter of 2024, as reported by the National Fisheries Office (ONP). This surge amounted to an astounding 22,918 tonnes, significantly surpassing......
A groundbreaking report jointly conducted by the World Bank and Morocco's Bank Al-Maghrib has sounded a stark warning about the vulnerable state of the nation's banking sector amidst the escalating risks of climate change. This pioneering analysis for the African continent sheds light on the......
In a groundbreaking report, the Royal Institute for Strategic Studies (IRES) has illuminated the path for Morocco to solidify its position as a global industrial powerhouse. The 119-page opus, drawing from international benchmarking, expert consultations, and field observations, serves as a clarion call......
In a momentous stride set to elevate Morocco's aerospace industry, Kansas Modification Center, LLC (KMC), Stratos Industries, and Integrated Aerospace Alliance, LLC (IAA) have unveiled a strategic collaboration focused on the conversion of Boeing 777-300ERs into freighters (P2F). This ambitious venture,......
The automotive sector currently represents 1% of Morocco's stock market capitalization, with ambitions to double or triple this contribution in the short term. This key sector of the national industry is poised to enter a new phase of development with the support of the stock market and the financial......
In an era marked by the concentration of wealth among a select few, Morocco has emerged as a burgeoning powerhouse, affirming its place among the "Big 5" wealthiest countries on the African continent. A recent report from the prestigious consultancy firm Henley and Partners (H&P) unveils......
The evolving collaboration between Morocco and Spain continues to spawn innovative ventures, with the Gibraltar Tunnel project emerging as a strategic focal point for both nations. This ambitious cross-border initiative, as per Spanish media reports, is set to be exclusively rail-based, poised to play......
In a bid to fortify the burgeoning economic relationship between Morocco and Spain, Moroccan officials recently unveiled the business potential of the country's southern regions, notably the Dakhla Oued-Eddahab area, to a delegation of Spanish investors. Organized by the Madrid Chamber of Commerce......
In a candid assessment, Jerome Powell, the Chair of the United States Federal Reserve, revealed that achieving confidence in slowing inflation towards the 2% target will take "longer than expected". During a round table discussion in Washington with his Canadian counterpart, Powell acknowledged......
A Memorandum of Understanding (MoU) was signed on Tuesday in Casablanca between the General Confederation of Moroccan Enterprises (CGEM), the Monaco Economic Board (MEB), and the Club des Entrepreneurs Monégasques d'Afrique (CEMA), marking a significant step in enhancing economic ties between......
In a recent update, Xlinks First, the investment company overseeing the ambitious Morocco-UK Power Project, revealed a substantial upward revision in the estimated construction cost for the colossal endeavor. Originally projected at £20 billion ($24 billion), the current estimates now range between......
Bitcoin reached new highs in March 2024, surpassing $72,000. While this performance is excellent news for cryptocurrency investors, it also raises questions about the tax obligations associated with these digital assets. With the recent evolution of legislation governing the management of crypto-assets,......
Morocco is poised for robust economic growth, with projections by the International Monetary Fund (IMF) forecasting a 3.1% expansion in 2024. This positive outlook persists despite the country grappling with inflationary challenges. The IMF's latest forecast, unveiled during the spring meetings......
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