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Economy



Morocco Launches $2.8 Billion Airport Development Plan Under Vision 2030

Morocco has launched a comprehensive airport modernization program worth 28 billion dirhams as part of its "Airports 2030" vision, announced Minister of Transport and Logistics Abdessamad Kayouh during a parliamentary session in Rabat. The initiative centers on building a new international......

Moroccan dirham strengthens against dollar as market stability returns

The Moroccan dirham has appreciated by 2.3% against the US dollar while experiencing a slight decline of 0.6% against the euro, as reported by Bank Al-Maghrib (BAM). This currency fluctuation indicates a brief period of strength for Morocco's national currency amidst ongoing financial adjustments. In......

Foreign property purchases in Spain: Record highs despite government restrictions

The Spanish real estate market continues to attract foreign buyers, even as the government implements measures to limit their participation. Recent legislation, including the elimination of the golden visa scheme and discussions of a supertax on non-resident non-EU property buyers, aims to curb the soaring......

How to avoid rental scams in Spain: Essential tips for newcomers

Finding a place to live in a new country can be daunting, especially when faced with the risk of fraud. In Spain, the current housing crisis has intensified competition for rental properties, making it vital for newcomers to be vigilant against scams. With many foreigners entering the market, scammers......

Morocco's IFTL Institute partners with battery pioneer for electric vehicle training

Morocco’s Institute for Transport and Logistics Training (IFTL) has entered into a significant partnership with renowned researcher Professor Rachid Yazami to establish a specialized training program focused on electric vehicle batteries. This initiative is a key component of Morocco’s broader......

Atlantic Re: A New Identity for Enhanced Regional Ambitions

Casablanca, April 17, 2025 – The Société Centrale de Réassurance (SCR) has reached a pivotal milestone by adopting a new identity: Atlantic Re. This transformation is part of a strategic shift aimed at solidifying national leadership while accelerating regional expansion. A......

China issues warning against trade deals with the U.S. at its expense

On April 21, China accused the U.S. of misusing tariffs and cautioned countries against entering trade deals with the United States that would harm China's interests. This statement escalates tensions in the ongoing trade war between the two largest global economies. China's Ministry of Commerce......

Kano and Morocco seal $10 billion partnership in energy and natural resources

The Nigerian state of Kano has initiated a strategic financial framework with Morocco, aiming to attract over $10 billion in direct investments over the next five years. This collaboration will focus on renewable energy, structured agriculture, and mining development, following a high-level visit by......

Morocco leads Africa and Arab world in intellectual property protection

Morocco has reaffirmed its position as the foremost country in Africa and the Arab world for intellectual property (IP) protection and innovation, ranking 22nd globally in the 2025 International IP Index with a score of 59.21. This represents a slight decline from its 2024 score of 62.76 out of 100. The......

Morocco's pharmaceutical imports from the EU rise in 2024

Recent data from Eurostat reveals a significant increase in Morocco's pharmaceutical imports from the European Union in 2024, although the country’s exports to the EU remain limited. According to the statistics, Morocco imported €559 million worth of medical and pharmaceutical products......

China Calls for Trade Peace but Stands Ready to Respond

China’s ambassador to the United States, Xie Feng, has called on Washington to seek cooperation and mutual understanding amid growing trade tensions, while making it clear that Beijing will defend its interests if provoked. During a public appearance in Washington, as shared on the Chinese embassy’s......

OCP Green Water secures 6 billion dirhams to enhance sustainable water strategy

The OCP Group, through its subsidiary OCP Green Water (OGW), has reached a pivotal milestone in its commitment to water sovereignty. OGW has successfully secured a financing package of 6 billion dirhams (approximately 620 million dollars), structured and placed by CDG Capital, a subsidiary of the Caisse......

Morocco's citrus fruits make a splash in Japan's market

Morocco has officially entered one of Japan's most competitive markets with its inaugural shipment of citrus fruits. This milestone was announced by Foodex, which highlighted the competitive edge of Moroccan agricultural products and their internationally recognized quality. The Japanese market......

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