Economy
Morocco’s 2026 draft budget reflects a commitment to fiscal discipline, despite the nationwide protests that took place in September, according to Fitch Ratings. The agency affirmed Morocco’s “BB+” credit rating with a Stable Outlook in September, highlighting that the government’s......
Morocco’s Ministry of Tourism has partnered with Saudi Arabia’s Naif Al Rajhi Investment Group to launch a major tourism project in Tangier, known as the "Mediterranean City." This initiative is part of Morocco's 2023-2026 tourism roadmap and aims to transform Tangier into a......
More than 170 Chinese companies from Hunan Province engaged with a Moroccan delegation during the Morocco-Hunan Economic and Trade Cooperation Forum held in Changsha. The two-day event, organized by the Embassy of Morocco in China and the Hunan Provincial Department of Commerce, aimed to bolster bilateral......
Plans for a massive undersea cable factory in Scotland have been thrown into uncertainty after the UK government rejected a proposed £25 billion energy link between Morocco and Britain. The decision has forced XLCC, the British company behind the project, to pause construction of its high-voltage......
The General Confederation of Moroccan Enterprises (CGEM) has officially accredited five firms to evaluate applicants for the "Label PME Responsable," an initiative aimed at advancing corporate social responsibility (CSR) among small and medium-sized enterprises (SMEs) in Morocco. Launched......
London (AFP) — The unemployment rate in the United Kingdom climbed more sharply than anticipated in the third quarter, reaching 5%, its highest level since early 2021, signaling a slowdown in economic activity just two weeks before the government unveils its much-anticipated budget. According......
The Moroccan Chamber of Commerce in Italy (CCMI) is set to officially launch on November 19 with a ceremony at the Senate of the Republic in Rome, marking a key milestone in strengthening economic relations between Morocco and Italy. Launch event to foster bilateral cooperation The inauguration will......
The Moroccan Hass avocado season has begun under challenging conditions, with prices dropping by 20% compared to last year. The decline is attributed to oversupply from Latin American producers and declining demand in Europe, creating fierce competition for Moroccan exporters. Global oversupply pressures......
Nearly 800 global executives gathered last week at the Choiseul African Business Forum, held at the Rabat Marriott Conference Center in Morocco’s Agdal district. The event, which brought together decision-makers from more than 60 countries, emphasized Africa’s emergence as a key player in......
Several construction companies involved in the renovation of FC Barcelona’s iconic Camp Nou stadium are facing fines totaling €1.87 million due to widespread labor law violations. The violations were uncovered following 218 investigations into working conditions since the project began in......
Global financial markets surged on Monday as investors welcomed progress toward ending the longest government shutdown in U.S. history. Late Sunday night, the Senate advanced a funding bill that could reopen the government and restore federal operations. Global markets respond positively Asian markets......
Morocco has achieved a remarkable milestone in the global grapefruit market, doubling its exports to Canada to 1,500 tonnes and generating $1.67 million during the 2024–2025 season. This success solidifies Morocco’s growing presence in a market that has been in long-term decline. According......
Chinese alloy manufacturer Boway has unveiled plans to construct a state-of-the-art production facility in Nador, Morocco, marking a major step in the company’s global expansion strategy. Headquartered in Zhejiang, China, Boway specializes in producing alloy materials such as copper, brass, bronze,......
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