Economy
Morocco's voluntary asset disclosure initiative has generated MAD 6 billion for the public treasury from declared assets totaling MAD 127 billion, according to government spokesperson Mustapha Baitas during a Thursday press conference. The program has successfully strengthened relationships between......
Moroccan mining powerhouse Managem Group has finalized the sale of its Oumejrane mining subsidiary to Purple Hedge Resources Morocco for USD 30 million. The agreement, announced on Wednesday, includes potential additional payments of over USD 2 million, subject to conditions, payable after a 12-month......
Morocco is positioned for steady economic expansion in the coming years, with GDP growth projected at 3.2% in 2025 and 3.4% in 2026, according to a new United Nations report released by the Department of Economic and Social Affairs in New York. This growth forecast comes amid broader global economic......
Morocco's winter octopus fishing season has launched with remarkable success, according to recent reports from the State Secretariat for Maritime Fishing. The early days of the 2025 season have demonstrated exceptional results, particularly highlighting the effectiveness of the biological rest period......
France's top diplomatic official has issued a stark warning about potential social media platform restrictions in response to what he perceives as concerning interference in European political discourse. In a significant development, French Minister of European and Foreign Affairs Jean-Noël......
Morocco's recent tax amnesty initiative has successfully concluded, generating MAD 231.7 million (USD 22 million) in additional tax revenue through its Voluntary Asset Disclosure Program. The program, which ended on December 31, 2024, was designed to encourage Moroccans to declare assets and liquidity......
The first commercial vehicle in six years crossed from the Spanish enclave of Melilla into Morocco today, marking a closely regulated resumption of cross-border trade that has sparked controversy among Spanish officials and business leaders. The historic reopening, however, comes with stringent restrictions......
The historic city of Marrakesh has recorded an exceptional performance in its traditional handicrafts sector, with exports reaching MAD 458 million (USD 45.8 million) in 2024, marking a robust 41% increase from the previous year's figures. This significant growth underscores the rising global appeal......
Morocco is set to invest nearly MAD 30 billion in its national electricity transmission network between 2024 and 2030, marking a significant expansion of the country's power infrastructure. This investment package excludes a planned high-voltage electricity link project connecting southern and central......
Morocco has secured its position as the third-highest ranked African nation for quality of life in early 2025, according to a recent Business Insider assessment. The North African country achieved a score of 110.8, following South Africa (152.4) and Tunisia (117.3) in the continental rankings. Despite......
The National Social Security Fund (CNSS) of Morocco has announced an exceptional measure to open all its branches nationwide during the weekend of January 11-12, as the deadline approaches for its debt recovery initiative. This unprecedented move comes as the January 15 deadline nears for affiliates......
Three of Morocco's major cities have emerged among Africa's top 10 most expensive urban centers in 2025, according to Numbeo's latest Cost of Living Index. Casablanca leads the Moroccan contingent, securing the fourth position with a 31.4 cost of living index, while Rabat and Marrakech follow......
In 2024, global crude oil exports experienced a 2% decline, marking the first decrease since the COVID-19 pandemic, according to shipping data. This reduction is attributed to slower demand growth and significant changes in refinery operations and pipeline routes. The global oil market has faced disruptions......
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