Economy
Unemployment in Morocco has surged to 21.3%, according to the latest findings from the country’s general population and housing census. This marks a notable increase from the 16.2% unemployment rate reported in the 2014 census, signaling a growing labor market challenge. Chakib Benmoussa, the High......
New trends include links to sports betting, pyramid schemes, and cryptocurrency transactions. The Moroccan Financial Intelligence Unit (ANRF) has documented a sharp 31.48% increase in cases of money laundering and terrorism financing in 2023, as revealed in its latest annual report. A total of 71 cases......
In 2017, Morocco implemented a ban on cryptocurrencies, a measure that did not prevent underground trading within the country. However, the national financial regulators have now acknowledged the necessity of transitioning from prohibition to regulation. This shift has been supported by major economic......
Gotion High-Tech has announced a significant investment in expanding its global footprint by dedicating €2.5 billion toward the establishment of cutting-edge lithium battery production facilities in Morocco and Slovakia. These strategic initiatives, forming a part of Gotion's broader global......
The United Kingdom officially became the 12th member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on Sunday. This milestone marks a significant step in the UK's post-Brexit strategy to deepen economic ties in the Asia-Pacific region and expand its global trade......
The Bitcoin market is currently experiencing a period of mixed signals, as the cryptocurrency undergoes dramatic fluctuations. After crossing the symbolic threshold of $100,000 in early December 2024, Bitcoin has since retreated to around $95,000 ($95,478.63 at the time of writing). This price swing......
Marsa Maroc, the Moroccan port operator, has secured €65 million in financing from the European Bank for Reconstruction and Development (EBRD) to modernize key port terminals in Morocco. This strategic partnership underscores Marsa Maroc's commitment to enhancing the country’s port infrastructure,......
Morocco’s 2025 Finance Bill introduces significant tax reforms, offering relief to retirees by gradually eliminating income tax on pensions and annuities. Starting in 2025, retirees will benefit from a 50% reduction in taxes, with a complete exemption slated for January 2026. Government spokesperson......
TotalEnergies and Hutchinson have announced a joint initiative to develop a cutting-edge solar energy project in Morocco, featuring advanced photovoltaic technology. According to Solar Quarter, the collaboration involves the installation of 2,850 high-performance photovoltaic modules, delivering a solar......
With a 36% surge in financial operations and the introduction of an ambitious 2024–2028 strategy, the Moroccan Capital Market Authority (AMMC) is charting a course toward a robust financial future. The Moroccan Capital Market Authority (AMMC) has unveiled its 2023 annual report, showcasing a transformative......
Morocco’s new high-speed rail will cut journey times between Tangier and Marrakech from seven hours to just 2 hours 45 minutes by 2029. Morocco’s National Railways Office (ONCF) has awarded the eighth and final lot of civil engineering works for the Kenitra-Marrakech high-speed rail line......
Morocco is set to import up to 20,000 tons of red meat—both fresh and frozen—by the end of 2024 as part of its efforts to address domestic supply challenges. The latest move includes a new agreement to import sheep and goat meat from Argentina, broadening the existing beef trade between the......
Millions of Moroccan workers remain excluded from the national social security system, causing significant economic and social challenges. Hicham Sabri, the Secretary of Employment, highlighted the issue during a parliamentary session, revealing that the country loses approximately MAD 5 billion ($500......
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