In a conference organized by the National School of Public Administration (ENSA), the Minister of Industry and Trade, Ryad Mezzour, underscored the paramount importance of harmonizing mechanization and digitalization as catalysts for enhancing the competitiveness of industrial enterprises. This strategic......

Morocco's export sector is undergoing a renaissance, driven by growth in key industries like automotive, aerospace, and electronics. This upward trajectory, along with declining imports, has narrowed the country's trade deficit, providing a significant boost to its economy. Data from the Moroccan......

Morocco's unemployment rate has surged to 13.7% in the first quarter of 2024, the highest level on record. This alarming increase is due in large part to a six-year drought that has severely damaged the nation's agricultural sector. Data from the High Commission of Planning reveals a labor market......

New car sales in Morocco reached 48,948 units during the first four months of 2024, representing a slight decline of 0.71% compared to the same period in 2023, according to the Moroccan Association of Automotive Importers (AIVAM). In terms of segments, new registrations for passenger vehicles (PV) decreased......

In a remarkable success story, Morocco has firmly established itself as a regional leader in the automotive industry, driven by sustained growth and an unwavering commitment to excellence. With more than 250 suppliers and equipment manufacturers, Morocco's automotive ecosystem has proven its resilience,......

Bank of Africa has announced a major update to its sustainability strategy, unveiling a revamped charter that aligns with the group's 2030 vision for responsible growth. This new strategy outlines five key pillars that will guide the bank's approach to sustainable practices in the coming years. Under......

Morocco's unemployment rate has seen a significant surge, rising to 13.7% in the first quarter of 2024, according to the latest figures released by the High Commission for Planning (HCP). This represents an increase of 0.8 percentage points compared to the same period in 2023, when the rate stood......

In a sobering revelation, the latest report from the High Commission for Planning (HCP) has painted a grim picture of Morocco's labor market during the first quarter of 2024, with the lingering effects of drought taking a severe toll on employment prospects, particularly in rural areas. According......

In a pivotal move to bolster the country's investment landscape, the Moroccan government has adopted groundbreaking legislation aimed at reforming and strengthening the Regional Investment Centers (CRIs). The bill, known as Law No. 22.24, amends and supplements Law No. 47-18, which initially paved......

In a bold move that could reshape the European banking landscape, Spanish banking powerhouse BBVA (Banco Bilbao Vizcaya Argentaria) has announced its intention to acquire its domestic rival Banco Sabadell through a strategic merger proposal. This audacious bid, unveiled on Wednesday, aims to create one......

The National Office of Airports (ONDA) has launched an ambitious bid for the design and construction of its new headquarters, aiming to propel Casablanca Mohammed V Airport to new heights. This strategic move is crucial for the development of the airport, which aspires to become a world-class airport......

Mauritania has reversed its previous stance on raising customs duties for vegetables imported from Morocco, much to the relief of traders and consumers on both sides of the border. This decision, which came into effect on May 1st, coincides with the expiration of the decree that had originally implemented......

In a strong validation of Morocco's economic strength, the International Monetary Fund (IMF) has praised the Kingdom's adept handling of adverse conditions in 2023. Despite challenges like water scarcity, last September's earthquake, and sluggish growth in the Eurozone, Morocco saw a boost......