Economy
Oil prices dropped sharply after key OPEC+ members, including Saudi Arabia and Russia, announced an increase in production of 411,000 barrels per day for June. This follows a similar decision the previous month that had already triggered a decline in prices. The price of Brent crude dipped nearly four......
The business community's enthusiasm for President Donald Trump's second term has significantly diminished, particularly due to his tariff impositions. These tariffs, which affect nearly every country, have created uncertainty and the potential for a recession, prompting CEOs to urge the president......
The Australian government has pledged to fight "unequivocally" for its screen industry following United States President Donald Trump's recent announcement of a 100 percent tariff on films produced outside of the U.S. Home Affairs Minister Tony Burke expressed his commitment to safeguarding......
Morocco’s Agriculture Minister Ahmed El Bouari emphasized the significance of the Dakhla seawater desalination plant during his recent visit to the region. The minister characterized the project as innovative, environmentally sustainable, and socially inclusive. This initiative aims to establish......
In a significant effort to enhance trade relations, a delegation of Moroccan exporters is poised to visit Cairo this weekend. This initiative aims to explore new business opportunities and bolster the exchange of goods between Morocco and Egypt, as stated by the Moroccan Confederation of Exporters (ASMEX). Comprising......
Apple exceeded market expectations in the first quarter, buoyed by a rebound in iPhone sales. However, the company warned that newly imposed tariffs by Donald Trump could significantly increase costs in the coming months. CEO Tim Cook indicated during the earnings call that tariffs could cost Apple up......
The desalination station in Dakhla represents a transformative initiative that merges technological innovation, environmental sustainability, and socio-economic inclusion to foster integrated and sustainable agriculture. This was emphasized on Friday by the Minister of Agriculture, Maritime Fisheries,......
The Moroccan government grapples with the significant financial burden of subsidizing butane gas, as highlighted by Fouzi Lekjaa, the Minister Delegate in charge of the Budget. Annually, the country allocates over MAD 15 billion to support this essential household fuel, with the average subsidy for each......
In a wide-ranging interview, the Chief Executive Officer of UK Export Finance (UKEF), Tim Reid, emphasized Morocco's significance as a strategic entry point to African markets. During his recent visit to the kingdom, Reid engaged with government officials and private sector representatives to explore......
Officials have inaugurated the "Casablanca Tech Valley," a strategic technology hub set to emerge in Sidi Othmane. This initiative marks a significant step in transforming the region into a prominent center for technology and innovation. A partnership agreement was formalized between the city......
Recent statistics reveal that Morocco's tomato exports to Norway have reached a remarkable milestone, with 5,000 metric tons shipped from July 2024 to March 2025. This figure marks a significant 37.9% increase compared to the same timeframe last season, according to data from EastFruit. The total......
Morocco is stepping up its efforts to deepen trade relations with Egypt. From May 3 to 5, a high-level Moroccan economic delegation, comprising both institutional representatives and private sector leaders, is on an official visit to Cairo. The aim is to boost bilateral relations and enhance commercial......
Morocco's trade deficit has surged dramatically in the first quarter of 2025, reaching MAD 71.63 billion ($7.1 billion), marking a 16.9% increase compared to the same period last year. This troubling statistic, released by the Office des Changes, underscores a significant imbalance in the country's......
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