Economy
Morocco has officially surpassed Spain to become the European Union's second-largest supplier of tomatoes. According to a recent report from industry group Hortoinfo utilizing Eurostat trade data, Morocco exported nearly 492 million kilograms of tomatoes to the EU in 2023, slightly edging out Spain's......
Tensions in Catalonia surged once again yesterday as striking Spanish farmers directed their frustrations towards shipping containers from Morocco. In an act of protest, five trucks transporting beans and vegetables had their cargo dumped on the highway near Girona. This flashpoint action marks the......
Mohammed VI Polytechnic University (UM6P) and the Moroccan Capital Market Authority (AMMC) have forged a groundbreaking partnership agreement aimed at bolstering financial literacy and fostering innovation in Morocco. Signed on Tuesday, the multi-year accord establishes a framework for close collaboration......
Morocco is steadily emerging as a leader in higher education across Africa, as highlighted in a recent university rankings report. According to an analysis by investment firm Insider Monkey, Morocco secured the fifth position among African nations in terms of the number of top-ranked universities on......
Casablanca, Morocco - February 27, 2024 - INNOVX, the pioneering technology firm affiliated with Mohammed VI Polytechnic University (UM6P), has announced the launch of an ambitious new venture focused on harnessing the power of green hydrogen and green ammonia. Dubbed Hydrojeel, the innovative......
This week, Tangier, Morocco, and Vitoria-Gasteiz, Spain, sealed a new memorandum of cooperation to fortify their longstanding ties. Mayor Mounir Laymouri of Tangier and Mayor Maider Etxebarria of Vitoria joined forces on Monday to endorse the agreement, highlighting their shared dedication to expanding......
Morocco's pioneering Sustainable Oasis Initiative took the spotlight at the Ministerial Conference of Date Producing and Processing Countries in Abu Dhabi. Spearheaded by Moroccan Agriculture Minister Mohammed Sadiki, the delegation advocated for strategies aimed at safeguarding vulnerable oasis......
Global energy startup Xlinks has appointed veteran industry leader James Humfrey as Chief Executive Officer of its pioneering Morocco-UK Power Project. The $25 billion renewable energy initiative aims to supply 8% of Britain's electricity needs through an undersea cable system transporting solar......
Morocco experienced a significant decline in frozen fruit and vegetable exports in 2023 due to adverse weather conditions and increased global competition. Data from EastFruit reveals that between January and October 2023, Morocco exported less than 70,000 tons of frozen produce, marking its weakest......
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......
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