Economy
The Director-General of the International Labour Organization (ILO), Gilbert F. Houngbo, expressed his approval of Morocco's recently adopted strike law during a statement in Geneva. This law, validated by the Constitutional Court, is seen as a significant advancement in the nation’s socio-economic......
The Office National des Chemins de Fer (ONCF) has awarded two construction contracts to the Italian company Generale Costruzioni Ferroviarie (GCF) for the extension of the high-speed rail line connecting Tangier and Kenitra to Marrakech. GCF will lead a consortium that includes its subsidiaries Transalpes......
The Casablanca Stock Exchange's main index, the MASI (Moroccan All Shares Index), experienced a remarkable surge of 20.19% in the first quarter of 2025, concluding at 17,756.02 points. This impressive performance is a continuation of a strong start to the year, marked by a 2.13% rise on the very......
The latest Forbes World’s Billionaires list reveals Morocco's rising economic stature, with three prominent figures making their mark among the 3,028 global billionaires. This year, Morocco ranks third in Africa for billionaire representation, trailing South Africa and Nigeria. Othman Benjelloun,......
Tamwilcom, Morocco’s state-owned financial institution, has reported impressive financial results for 2024, mobilizing a total of MAD 47.5 billion (approximately $4.75 billion) across 82,200 operations. This achievement includes commitments amounting to MAD 28 billion ($2.8 billion). In a notable......
X-Links President and former Tesco chief Dave Lewis has issued a stark warning regarding the future of a groundbreaking £25 billion renewable energy initiative linking Morocco and the UK. Due to ongoing government delays, Lewis indicated that investors may consider shifting the project to Germany......
Gold prices surged to an all-time high on Tuesday as investors turned to safe-haven assets amid growing fears over new U.S. tariffs. Spot gold rose 0.6% to $3,143.05 per ounce after reaching a record $3,148.88 earlier in the session. Meanwhile, U.S. gold futures climbed 0.6% to $3,169.50. The metal......
Europe has a well-prepared response ready to counteract any tariff increases by the United States if necessary, according to Ursula von der Leyen, the president of the European Commission. In anticipation of President Donald Trump's announcement on April 2 regarding significant new tariffs, von der......
Recent data from Eurostat reveals that despite Spain's ongoing economic growth, the purchasing power of its residents remains as low as it was 25 years ago. Spaniards now find themselves eight points below the EU average income level, a stark reminder that macroeconomic indicators do not always reflect......
Morocco's economy recorded a growth rate of 3.7% in the final quarter of 2024, a decline from the 4.2% achieved in the same period last year. This slowdown, reported by the High Commission for Planning (HCP), is attributed primarily to a downturn in agricultural output, while non-agricultural sectors......
The Danish home furnishings chain JYSK has chosen Morocco, specifically Casablanca, as the location for its inaugural store on the African continent. The company announced the simultaneous opening of two stores in the economic capital, as highlighted in a press release received by La Relève.......
U.S. President Donald Trump has announced that his upcoming reciprocal tariffs will be lower than those imposed by other countries, aiming to ease concerns in global markets. Speaking at the White House, Trump emphasized that his trade measures, set for announcement on Wednesday, will be “kinder”......
South Korea, China, and Japan held their first economic dialogue in five years on Sunday, aiming to boost regional trade amid the looming threat of U.S. President Donald Trump's tariffs. During the meeting, the three nations' trade ministers agreed to collaborate closely on high-level discussions......
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