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Economy



Morocco and Italy deepen economic ties with new chamber of commerce launch

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......

Moroccan Hass avocado prices fall 20% amid challenging season start

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......

Choiseul Rabat Forum highlights Africa’s leadership in global value creation

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......

Barcelona’s Camp Nou renovation faces €1.87 million in fines over labor violations

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 markets rally as U.S. Senate advances bill to end government shutdown

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’s grapefruit exports soar as Canada’s demand drives record growth

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 manufacturer Boway to establish $150 million production base in Morocco

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,......

Climate: Leila Benali holds High-Level talks in Belém ahead of COP30

Belém, November 8, 2025 – On the sidelines of the Climate Leaders Summit in Belém, ahead of COP30, Morocco’s Minister of Energy Transition and Sustainable Development, Leila Benali, held a series of strategic meetings focused on strengthening international cooperation in climate......

Morocco’s e-commerce revolution reshapes its digital economy

Morocco’s digital marketplace has undergone a profound transformation in the last five years, redefining how consumers shop and businesses sell. Online retail has shifted from a niche activity to a major driver of national growth, reflecting the country’s growing embrace of technology and......

Moroccan textile exports rise but lose ground in Europe

Morocco’s clothing exports to the European Union grew slightly in the first half of 2025, but the country’s share in the European market is slipping as Asian competitors strengthen their dominance. Despite positive results, Morocco faces growing pressure to reinvent its textile industry and......

Honda profits drop 37% due to Trump tariffs and chip shortage

Honda has reported a 37% drop in net profit for the six months ending in September, citing the impact of tariffs imposed by former U.S. President Donald Trump and a global semiconductor shortage that disrupted production at a key factory in Mexico. The Tokyo-based automaker announced on Friday that......

Boeing invests $1 billion to expand 787 Dreamliner production in South Carolina

Boeing has officially launched a $1 billion expansion project at its North Charleston facility in South Carolina, aiming to double production capacity for its popular 787 Dreamliner. The aerospace giant's move comes as it seeks to meet surging global demand for long-haul aircraft and maintain its......

Saudi Arabia strengthens ties with the US, paving the way for global investors

Saudi Arabia’s ambassador to the United States, Princess Reema bint Bandar, has described the relationship between Riyadh and Washington as the strongest it has ever been, urging global investors to view the Kingdom as a gateway to the Middle East. Speaking at the America Business Forum in Miami,......

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