Economy
The hospitality innovation summit Morocco gathered more than 500 senior decision makers in Rabat on 10 and 11 June. The event focused on the rapid expansion of the country’s hotel sector as Morocco prepares for major international tourism demand linked to 2030. The summit took place at a key moment......
Turkey’s chemical exports recorded a sharp shift in May 2026, with Morocco rising to fourth place among the sector’s main destinations. The North African country moved ahead in the ranking behind Spain, Italy, and the Netherlands, marking a significant change in trade flows. Export volumes......
Foreign investors withdrew a net 26.6 billion dollars from emerging market portfolios in May, reversing the rebound seen in April and underscoring renewed volatility in global capital flows. Equity sales in Asia drove most of the outflows, outweighing more stable demand in emerging market debt. The......
Artificial intelligence infrastructure spending by major technology companies has reached a scale that now exceeds the intensity seen during the peak of the dot-com era. The investment surge is driven by hyperscalers including Amazon, Alphabet, Meta, Microsoft, and Oracle as they expand data center capacity......
Gold prices extended their decline for a second straight session as markets reacted to escalating military tensions between the United States and Iran while simultaneously reassessing the trajectory of US interest rates. Spot gold dropped 3.5 percent to 4,111.95 dollars per ounce, marking its lowest......
Ethiopia is preparing for a significant increase in public spending in the 2026/27 fiscal year as the government seeks to address the financial impact of ongoing tensions in the Middle East while maintaining its economic development agenda. During the presentation of the national budget, Finance Minister......
Morocco ranked second in Africa for electric vehicle sales in 2025, with 5,500 units registered, according to data covering continental EV trends. The country accounted for 22% of Africa’s estimated 25,000 electric vehicles sold during the year, placing it behind Egypt and ahead of South Africa.......
Wael Sawan, chief executive of Shell, has warned that the blockage of the Strait of Hormuz is driving a severe shock across global energy supply chains. The disruption comes amid escalating tensions involving Iran, the United States, and Israel, which have destabilised one of the world’s most critical......
Morocco and Chile have taken a new step toward strengthening their economic relationship after signing a joint statement at the conclusion of the First Moroccan-Chilean Economic Forum in Sale. The agreement aims to expand bilateral trade and investment while creating a more structured framework for cooperation......
Prices at Casablanca’s wholesale market recorded a broad decline in several food products on 10 June 2026, with tomatoes and apricots among the most affected. The latest bulletin from city services shows price variations reaching up to 3 dirhams per kilogram compared with the previous week’s......
Morocco plans to establish a maritime navigation control center along the Atlantic corridor between Tarfaya and Laâyoune. The project aims to strengthen oversight of international shipping routes and improve maritime safety in the southern Atlantic zone, an area that sees heavy vessel traffic linking......
Morocco has inaugurated a new aerospace production facility developed by Swedish engineering group Trelleborg at the MidParc industrial zone near Casablanca. The investment is valued at nearly MAD 130 million, or around $13 million, and focuses on manufacturing sealing systems for the aviation and aerospace......
Morocco's non-financial market services sector recorded mixed performance during the first quarter of 2026, while wholesale trade maintained relative stability, according to business leaders surveyed on sector activity. Half of the executives questioned reported a decline in activity, while 24% indicated......
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