Renowned Moroccan executive, Hicham Kabbaj, has assumed the role of President for the Middle East and Africa (MEA) division at Worley, an Australian engineering professional services company. This significant appointment marks another milestone in Kabbaj's distinguished career. Kabbaj brings a wealth......
Morocco's central bank, Bank Al-Maghrib (BAM), envisions a promising trajectory for the country's inflation rate, forecasting a decline from 6.6% in 2022 to an average of 6.1% in 2023. Looking further ahead, the rate is anticipated to decrease even more, reaching 2.4% in both 2024 and 2025, according......
In a strategic move aimed at optimizing financial resources, the Moroccan Treasury and External Finance Department (DTFE), operating under the purview of the Ministry of Economy and Finance, unveiled a groundbreaking initiative on Monday to invest MAD 2.4 billion in cash surplus. This innovative endeavor......
In a dazzling display of growth and significant advancements, Morocco's automotive industry has soared to unprecedented heights, marking an exceptional year for the sector. According to the monthly indicators of foreign trade by the Office des Changes, automotive sales witnessed a staggering 30.5%......
The demand for mangoes in Morocco is witnessing a remarkable upswing. In the period spanning January to September 2023, the nation's mango imports achieved a noteworthy milestone, totaling 12,400 tons marginally less than the 12,600 tons documented in the corresponding period of the preceding year. Despite......
In a promising outlook for the Moroccan economy, Bank Al-Maghrib (BAM), the country's central bank, has projected a growth rate of 2.7% for the year 2023, with further improvements anticipated in the following years. The latest quarterly meeting of BAM has illuminated the positive trajectory, indicating......
Morocco's nascent legal cannabis industry has experienced substantial growth in the past year, as evidenced by recent data released by the National Agency for the Regulation of Cannabis Activities (ANRAC). As of the end of November, ANRAC has granted 609 authorizations out of 1,063 license applications......
Morocco is on the verge of a significant regulatory breakthrough in the realm of crypto assets, as it works on a new bill aligning with recommendations from the latest G20 Summit. Governor Abdellatif Jouahri of Bank Al-Maghrib (BAM), the central bank of the Kingdom, unveiled this progressive development......
Morocco has emerged as a key player in the field of scientific research on renewable energy technologies, as highlighted in a recent report by UNESCO. The North African nation has witnessed a substantial surge in publications focused on solar, wind, and smart grid innovations. While Qatar and the United......
Agriculture Minister Mohammed Sadiki recently visited Azilal Province to assess the progress made under Morocco's Generation Green strategy and to launch new development initiatives. Azilal's Provincial Agricultural Plan strategically aligns programming to capitalize on the region's natural......
M Avenue, the prestigious shopping enclave in Marrakech, has introduced a new space dedicated to highlighting homegrown Moroccan design talent. Named "M'otion," the gallery was inaugurated on Friday with an exhibition featuring the finest works of nationally and internationally renowned......
Morocco's National Office of Railways (ONCF) has unveiled ambitious forecasts for 2024, aiming to transport 56 million passengers and generate a revenue of 4.6 billion dirhams (MMDH). These optimistic projections were revealed following the ONCF's Board of Directors meeting, chaired by the Minister......
Morocco has secured the top position in the Information and Communication Technology (ICT) Development Index, as per the latest report from the International Telecommunication Union (ITU) for the year 2023. The country achieved an impressive score of 85.1, surpassing the global average of 72.8 out of......
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