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Economy
Morocco’s Industry and Trade Minister, Ryad Mezzour, has stirred debate by highlighting the vast wage disparity between Moroccan engineers and their European counterparts. While Moroccan engineers earn between €1,000 and €1,500 monthly, identical roles in Europe pay as much as €6,500.......
The number of bank cards in circulation in Morocco rose to 22.6 million in 2024, marking a 12% increase compared to the previous year, according to the latest annual banking supervision report released by Bank Al-Maghrib. Despite this significant growth, cash withdrawals remain the main use of these......
Vantage Payment Systems (VPS), a licensed payment institution accredited by Bank Al-Maghrib, has announced a strategic partnership with American Express to strengthen digital payment services in Morocco. This collaboration marks the first time American Express cards will be accepted for e-commerce transactions......
Europe continued to dominate Morocco’s foreign trade in 2024, accounting for 62% of total trade volume, down slightly from 63.2% in 2023, according to the latest annual report by the Moroccan Office of Exchange. European countries provided 56.4% of Morocco’s imports and received 71.4% of......
U.S. President Donald Trump announced on Tuesday the conclusion of a “historic” trade agreement with Japan that significantly reduces tariffs on Japanese vehicles and opens the door for increased agricultural imports, especially rice, from the United States. “We’ve just finalized......
As Moroccan fruit and vegetable exports surge in the Spanish market, discontent is rising among Spanish farmers who feel increasingly threatened by what they describe as unfair competition. In the greenhouses of Andalusia, a sense of frustration grows as shipments from Morocco climb steadily. In just......
In a move to strengthen African-led development strategies, Mohammed VI Polytechnic University (UM6P), UNESCO, and the OCP Foundation signed a strategic agreement in Paris on July 18, 2025. The trilateral partnership activates a $6 million platform that will fund joint projects focused on education,......
Taking a vacation in Morocco is becoming a luxury fewer Moroccans can afford. What used to be a time for relaxation and travel—whether as a family, couple, or group of friends—has now become financially out of reach for many, including Moroccans living abroad. Once again this year, a growing......
Spain’s western Extremadura region continues its efforts to combat depopulation by offering grants of up to €10,000 to attract digital nomads and remote workers. While many Spanish regions grapple with overtourism and rising living costs, Extremadura stands out, actively seeking new residents......
Moroccan asset management firm Alphavest Capital and American aerospace giant Boeing have signed a memorandum of understanding (MoU) to create five aerospace excellence centers in Morocco. This strategic partnership aims to bolster the country’s position as a global leader in the aviation manufacturing......
Royal Air Maroc (RAM), Morocco's national airline, has bolstered its fleet with the arrival of a new Boeing 737 MAX 8, delivered on July 15. This move is part of an ambitious modernization plan aimed at enhancing the carrier’s capacity and global reach. Expanding the fleet The delivery flight,......
Morocco’s co-hosting of the 2030 FIFA World Cup with Spain and Portugal is expected to generate more than 100,000 jobs annually while boosting the nation’s economic growth by 1.7%, announced Economy and Finance Minister Nadia Fettah during the eighth Morocco Today Forum (MTF) in Rabat. Transformative......
Ryanair's decision to withdraw from two regional Spanish airports, Jerez and Valladolid, has significantly impacted passenger numbers, exposing a growing divide between Spain's bustling urban travel hubs and its quieter, underserved regions. Sharp declines in regional passenger numbers The......
