Economy
A forthcoming direct shipping service is poised to inaugurate next month, heralding a substantial uplift in trade prospects between Morocco, Libya, Tunisia, and Spain. According to a report by the Tunis Afrique Presse Agency (TAP), this specialized container route will seamlessly connect the bustling......
The Moroccan dirham displayed a mixed performance against major foreign currencies last week, as per the latest data released by Bank Al-Maghrib (BAM), the country's central bank. While the dirham maintained its value against the U.S. dollar, it experienced a decline of 0.91% when measured against......
In January 2024, consumer prices in Morocco surged by 2.3%, driven primarily by a notable 4.2% increase in the food price index compared to the same period last year, as reported by the High Commission for Planning (HCP). Despite a 0.6% month-on-month decline in the overall consumer price index (CPI)......
The International Monetary Fund (IMF) has urged Morocco to expedite the implementation of its structural reform program to bolster economic growth and ensure sustained fiscal stability. During a recent mission to Rabat, IMF officials, led by Deputy Director Roberto Cardarelli, acknowledged Morocco's......
Casablanca-Settat continues to lead the charge in entrepreneurial endeavors within Morocco, boasting nearly 29,000 of the country's remarkable 93,517 newly established businesses by the close of 2023. Data released by the Moroccan Office of Industrial and Commercial Property reveals that this surge......
Morocco, facing its most severe drought in decades, is set to receive a substantial financial boost from the European Bank for Reconstruction and Development (EBRD). This article discusses the implications of the EBRD's €400 million investment in upgrading Morocco's water infrastructure......
Morocco is making significant progress in bolstering its electricity production from renewable sources, marking a notable upswing in 2023. According to a recent report from the Directorate of Studies and Financial Forecasts, total electricity generation experienced a 2.4% increase last year, showcasing......
The burgeoning trade and investment relationship between Morocco and Mauritania have reached new heights, as diplomatic and business leaders from both nations gather this week to bolster economic cooperation. According to figures released by the Moroccan Embassy in Mauritania, trade volumes between......
The Casablanca Stock Exchange (CSE) is spearheading efforts to enhance financial education and inclusion in Morocco with the introduction of its groundbreaking e-Bourse digital trading platform. In a ceremony attended by senior government officials and financial leaders, the CSE formally unveiled this......
Madrid Throws Weight Behind Morocco's Green Ambitions In a bold move affirming its support for Morocco's ambitious green agenda, Spain has pledged substantial financial backing for the country's extensive €45 billion development masterplan, spanning until 2050. Spanish Prime Minister......
Aterian Plc, a critical metals developer headquartered in London, has recently announced a potentially significant copper discovery in Morocco. In a recent statement, the company revealed promising findings from its exploration activities at the Akka and West Tazalaght projects situated in the Atlas......
Aciturri Group, a prominent Spanish aerospace supplier, is making significant strides by establishing its presence in Morocco, a move that industry experts view as a testament to the confidence in the Kingdom's burgeoning aerospace sector. During a ceremony held this week in Casablanca, Aciturri......
Nezha Hayat, the chief of Moroccan Capital Markets, has solidified her standing as a leader in regional financial regulation by securing her reelection as the chair of the Africa and Middle East committee of the International Organization of Securities Commissions (IOSCO). The announcement, made this......
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