The competition for Morocco's Office National des Chemins de Fer's (ONCF) extensive railway procurement contract is escalating as Korean railway manufacturer Hyundai Rotem joins the fray. Hyundai Rotem, a subsidiary of the automotive conglomerate Hyundai Motor Group specializing in rail transport......

In a strategic move, the Moroccan government is actively deploying its surplus funds, committing over 3 billion Moroccan dirhams (equivalent to over $300 million) into short-term debt instruments this week. On Friday, the Treasury and External Finance Department, a division within the Ministry of Economy......

Morocco is making substantial strides in its ambitious pursuit of renewable energy development and the strengthening of economic ties across Africa, as recently revealed by the Polish renewable energy firm, Green Capital. Green Capital has pinpointed four strategically advantageous locations within......

In an unexpected turn of events, the recent implementation of the European Union's Emissions Trading System (ETS) has proven advantageous for Moroccan ports at the detriment of their European counterparts, according to Gerardo Landaluce, the president of the Port Authority of the Bay of Algeciras......

Over the past year, food prices worldwide have experienced a substantial decline, offering much-needed relief to consumers and marking a departure from the soaring costs witnessed in 2022. According to data released on Friday by the United Nations' Food and Agriculture Organization (FAO), the global......

Morocco is poised to experience a slowdown in economic growth in the upcoming months, as highlighted by the recent report from the country's statistics office, Haut-Commissariat au Plan (HCP). The agency projects a modest annual growth rate of +2.4% for the first quarter of 2024, signaling a decline......

Morocco's economic growth is expected to decelerate in the upcoming months due to prolonged drought conditions severely impacting the farming industry, states a recent report by the High Commission for Planning. According to the report released on Thursday, Morocco's GDP growth is anticipated......

The Moroccan government finds itself in a favorable financial position, boasting surplus funds that are not lying dormant. The Treasury and External Finance Department, a branch of the Ministry of Economy and Finance, took decisive action this week by channeling an impressive 20.75 billion Moroccan dirhams......

Rabat - In a significant move, the Moroccan government has enacted comprehensive reforms aimed at removing constraints on foreign exchange transactions and enhancing the efficiency of international business operations. Effective from January 2nd, the new General Instruction on Foreign Exchange Operations......

The Moroccan Foreign Exchange Office has introduced a year-long window for residents to disclose their previously unreported assets held abroad. The "Spontaneous Regularization Operation 2024” enables individuals and companies to anonymously step forward, paying a fixed penalty fee to legitimize......

Recent amendments to Morocco’s customs code aim to streamline litigation procedures for questionable goods not physically seized. By easing the transaction process for these disputed items declared openly without seizure, customs authorities hope to boost tax and duty recovery while still protecting......

Morocco's Customs procedures receive a significant facelift with the enactment of the 2024 Finance Law, introducing crucial amendments to the Customs Code. The implementation of streamlined electronic declaration procedures is poised to propel international commerce, allowing operators to submit......

Abdellatif Jouahri, the Governor of Bank Al-Maghrib, has been honored as the "Best Central Banker in Africa for 2024" by "The Banker," a London-based financial and international affairs magazine affiliated with "The Financial Times" group. The prestigious "The Banker's......