Economy
In a comprehensive address, Fouzi Lekjaa, the Minister Delegate in charge of the Budget, outlined Morocco's strategic approach to tackling its external debt amidst prevailing geopolitical tensions and a global economic slowdown. His remarks offered a beacon of hope, outlining a pathway towards fiscal......
As the sacred occasion of Eid al-Adha approached, Morocco found itself grappling with a critical period marked by a confluence of economic and social challenges. Factors such as the soaring prices of sacrificial sheep and other essential commodities, coupled with rampant inflation, have profoundly impacted......
In a recent report from the National Office of Fisheries (ONP), Morocco's inshore and artisanal fishing sector witnessed a subtle downward shift in the first five months of 2024. The value of marketed products dipped by 1% to 4.37 billion dirhams, while the weight of these products declined by 7%......
In a world where expatriates navigate the intricacies of diverse cultures and economies, the financial implications of their relocation can be staggering. According to Mercer's 2024 Cost of Living Survey, released on Monday, seven American cities have secured their place among the top 20 most expensive......
In a strategic move to bolster regional economic integration and sustainable development, the G7 nations have set their sights on revitalizing a critical trade corridor that traverses three mineral-rich African countries. The Lobito Corridor, a multimodal transportation network spanning Angola, the Democratic......
In a remarkable turn of events, the London Stock Exchange (LSE) has reclaimed its position as Europe's largest stock market, surpassing its Parisian counterpart for the first time in nearly two years, according to data compiled by Bloomberg. This milestone underscores the resilience of the British......
Spain's CaixaBank and Cofides have committed to financing Acciona's ambitious endeavor to construct a new desalination plant in Morocco. Each organization will extend a loan of €31 million, supporting a project valued at a total of €650 million. This significant investment will be managed......
Amidst the lingering reverberations of the coronavirus pandemic, a recent survey conducted by the Arab Barometer has unveiled a disheartening reality: only one-third of Moroccans hold a positive view of their nation's economic situation. This sobering statistic resonates through the findings of the......
Morocco's National Judicial Agency, a stalwart guardian of state finances since its establishment in 1928, has announced the recovery of a staggering $7.2 million in misappropriated public funds during the fiscal year 2022. This achievement underscores the agency's unwavering commitment to safeguarding......
Adidas has launched an intensive investigation into its Chinese operations following the receipt of an anonymous letter alleging significant compliance violations, according to a report by the Financial Times on Sunday. On June 7, the German sportswear company received a detailed whistleblower complaint......
Anticipation builds as the Marhaba operation gears up for a surge of returning expatriates. In a significant development marking the commencement of the Marhaba 2024 operation, the first ship carrying approximately 220 Moroccan expatriates (MREs) arrived at the port of Al Hoceima on Saturday. This annual......
Morocco has secured the 113th spot among 188 nations in the latest 2024 World Citizenship Report, published by consultancy CS Global Partners. This comprehensive report evaluates countries based on five key motivators for high-net-worth individuals (HNWIs): safety, economic opportunity, quality of life,......
In a transformative move for Morocco’s energy sector, the Managem Group, an eminent Moroccan mining enterprise, has broadened its horizons by acquiring Sound Energy Morocco East Ltd. This acquisition signifies a pivotal expansion into the upstream natural gas market, underscoring the escalating......
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