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Economy
In a stark financial revelation, Morocco's Treasury has reported a staggering budget deficit of MAD 21.1 billion ($2.1 billion) for February 2025. This figure marks a considerable increase from the MAD 3.8 billion ($0.38 billion) deficit recorded during the same period last year, highlighting a deteriorating......
Spain has substantially increased its arms exports to Morocco, with figures soaring by 1,264.77% in 2024 compared to the previous year. The total value of these exports is now €21 million, up from just €1.5 million in 2023, according to an analysis by the Spanish news outlet OKDiario based......
Morocco’s treasury reports that customs revenues have demonstrated resilience in the early months of 2025, with net receipts reaching MAD 14.735 billion ($1.47 billion) by the end of February. This figure marks a 1.3% increase compared to the same period last year, showcasing the stability of Morocco’s......
Morocco's footwear exports to Brazil have experienced an astounding surge, with sales spiking by 3,300% in February compared to the previous year. This remarkable growth positioned Morocco as one of the top 20 suppliers of shoes to the Latin American market, according to data from the Brazilian Footwear......
Moroccan wholesale trade sector sees growth amid challenges for services Morocco’s wholesale trade sector demonstrated resilience in late 2024, with 36% of enterprises reporting an uptick in sales during the fourth quarter, as revealed by a survey conducted by the High Commission for Planning......
The Moroccan real estate sector is poised for a promising future in 2025, fueled by a wave of optimism surrounding the upcoming 2030 FIFA World Cup. Amine Mernissi, a prominent real estate expert and author of the guide "Répons'IMMO," highlighted this potential in a recent interview......
For Americans contemplating a move to Spain, understanding the cost of living is crucial. Recent statistics reveal a significant trend: the number of Americans residing in Spain surged by 10,000 from 2022 to 2024. The growing appeal of Spain lies in various factors, including a favorable political climate,......
Australian uranium company Zeus has recently finalized an agreement with Ashgill Morocco Limited to acquire the Casablanca Antimony Project, a venture that has garnered attention as a "highly prospective" exploration initiative in central Morocco. The project encompasses six exploration licenses......
The United States has implemented new tariffs on steel and aluminum imports, further intensifying the global trade war initiated by President Donald Trump. As of Wednesday, all metal imports are now subject to a 25% tariff with no exemptions, and the duty on aluminum has increased from 10%. The expiration......
Memecoins, often dismissed as trivial, are carving out a niche within the cryptocurrency market. While they may not represent the future of digital assets, they have established a significant presence in the crypto ecosystem. Understanding Memecoins and Their Appeal The crypto landscape is diverse,......
Authorities in the Balearic Islands—Mallorca, Menorca, Ibiza, and Formentera—are introducing a series of measures aimed at controlling mass tourism and fostering a more sustainable tourism model. These initiatives include taxes on rental vehicles and steep fines for illegal tourist accommodations. The......
NEO Motors has recently achieved a significant milestone by delivering its inaugural batch of vehicles to the Forces Armées Royales (FAR), marking a pivotal moment for the national automotive industry. This transaction transcends the mere sale of vehicles; it represents a strategic turning point......
In the past twenty-five years, Morocco has emerged as a pivotal force in economic transformation, industrial development, and modernization across its region, according to the Italian Institute for International Political Studies (ISPI). Since the ascension of His Majesty King Mohammed VI to the throne,......
