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Economy


Huawei Drives Global Collaboration to Close the Digital Gap

Huawei, the Chinese tech juggernaut, concluded its annual Huawei Talent Summit with a slew of new initiatives reaffirming its commitment to fostering digital literacy across the globe. Taking place alongside the prestigious MWC Barcelona 2024, the largest gathering of mobile operators, manufacturers,......

Moroccan Phosphate Exports Surge as Markets Stabilize

Morocco's crucial phosphate exports are rebounding in 2024 after a sharp decline last year amidst global demand shifts. New data from the nation's Office of Exchange reveals a notable 17% increase in shipments of phosphate rock and fertilizers in January compared to the same period in 2023. These......

Morocco, Germany Seek to Energize Bilateral Military Cooperation

Morocco and Germany are strengthening their bilateral military cooperation to tackle pressing security challenges, signaling a deepening of relations between the two nations. During a recent visit to Rabat, German Minister of Defense Thomas Hitschler met with his Moroccan counterpart, Abdeltif Loudyi,......

Morocco's Ports Propel Economic Surge in 2023

In 2023, Morocco experienced a significant uptick in its trade sector, driven largely by impressive gains in port revenues as reported by the National Ports Agency (ANP). This article reviews the ANP's financial results, highlighting key figures and trends that underscore Morocco's robust economic......

Spain and Morocco Enhance Rail Cooperation in High-Level Discussions

The Spanish Minister of Transport and Sustainable Mobility, Óscar Puente, is set to embark on a significant bilateral trip to Rabat, Morocco on March 4-5, aimed at expanding cross-border rail connections. According to reports from Spanish media outlets, Puente will engage in discussions with key......

Morocco Continues Its Rise as a Leading Soft Power in Africa

Morocco has solidified its position as a prominent voice on the African continent, as evidenced by its performance in the latest Global Soft Power Index. According to the index, which evaluates 193 UN member states across eight key pillars of soft power such as governance, business, culture, education,......

Morocco Witnesses Surge in Foreign Investment, Reaching Highest Levels in Half a Decade

Contrary to earlier forecasts of a tough year for foreign direct investment, Morocco has encountered an unexpected upswing in inflows at the outset of 2024. According to data released by the Office d'Echange (OE), the net influx of foreign capital surged by a remarkable 25% year-on-year in January,......

Ascending Heights: Canadian Aerospace Firm Soars into Morocco

Moroccan aerospace is soaring to new heights as Canadian manufacturing company Shimco Aviation commits to expanding its presence in the North African kingdom. On Friday, Shimco signed a landmark agreement with Midparc, an industrial complex in Morocco, marking the beginning of its venture into international......

Morocco Unveils Relief Measures for Transport Sector Amid Rising Fuel Costs

Morocco is intensifying its support for the struggling transportation sector by initiating direct financial aid registration starting March 8. The Ministry of Transport and Logistics announced the commencement of the registration process through its online platform at mouakaba.transport.gov.ma. The......

Remittances to Morocco Reaches $910 Million in January 2024

In January 2024, data from the Office d'Échange, Morocco's foreign exchange regulator, revealed that Moroccan expatriate remittances stood at $910 million USD. While this indicates a slight 2.6% decrease compared to the same period last year, these inflows continue to surpass the five-year......

Morocco's Prudent Public Spending Spurs Continued Investment Growth

Morocco has sustained positive momentum in public investments despite facing economic headwinds, as per government data. Mustapha Baitas, the government spokesperson and delegate-minister for parliamentary relations, highlighted an 83% execution rate for public projects during a recent press briefing. Baitas......

Over 52,000 Seek Shelter through Morocco's State Housing Initiative

Morocco's bold housing assistance program has garnered significant traction, with over 52,000 applications flooding in during its initial months, showcasing a surge in demand for essential homeownership support among citizens. Ministry spokesperson, Mustapha Baitas, underscored the burgeoning interest......

Morocco Benefits from Economic Uptick as Over 25,000 Travel to Canada Under New ETA Program

In the last six months, Canada's recently implemented Electronic Travel Authorization (ETA) program has facilitated the entry of more than 25,000 Moroccan visitors, allowing them to explore the diverse landscapes and cities of the North American nation. Since its inception in June 2023, the ETA program......