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Economy


Standard Chartered considers expansion into Morocco to boost African presence

Standard Chartered Plc is contemplating a strategic expansion into Morocco as part of its growth initiative across key African markets. This move aligns with the London-based bank's broader objective to enhance its wealth management and transaction banking services throughout the continent. Chris......

Crackdown on counterfeit motor oil network in Casablanca’s outskirts

The National Customs Brigade has ramped up efforts in collaboration with the Royal Gendarmerie to dismantle a network specializing in the counterfeiting of motor oils and spare parts in several peripheral areas of Casablanca, including Lahraouiyine, Bouskoura, and Sidi Hajjaj. This network has converted......

Tangier set to launch tramway system ahead of 2030 World Cup

Tangier is on the verge of becoming Morocco’s fourth city to implement a tramway system, following the announcement of an ambitious MAD 8.4 billion ($840 million) project. This initiative, which has been in the works since 2014, is now being propelled by the forthcoming 2030 World Cup, which Morocco......

Casablanca to host international poultry leaders at IPC meeting

Casablanca is set to welcome prominent leaders from the poultry industry during the Annual International Poultry Council (IPC) Meeting, scheduled for April 7-10, 2025. This significant event, organized in collaboration with Morocco’s Interprofessional Federation of the Poultry Sector (FISA), aims......

Trump's Tariff Policy and Its Potential Impact on Morocco

The United States' economic partners are closely watching President Donald Trump's announcement on April 2, 2025, regarding the imposition of stricter tariffs on imports from various countries. However, will Morocco be affected by this decision? According to economist Mohamed Benayad, an expert......

Casablanca Stock Exchange's MASI Surges Over 20% in Q1 2025

The Casablanca Stock Exchange's main index, the MASI (Moroccan All Shares Index), experienced a remarkable surge of 20.19% in the first quarter of 2025, concluding at 17,756.02 points. This impressive performance is a continuation of a strong start to the year, marked by a 2.13% rise on the very......

JYSK expands into Morocco with first African stores

The Danish home furnishings chain JYSK has chosen Morocco, specifically Casablanca, as the location for its inaugural store on the African continent. The company announced the simultaneous opening of two stores in the economic capital, as highlighted in a press release received by La Relève.......

ONHYM announces over 1 billion dirhams investment in exploration

The National Office of Hydrocarbons and Mines (ONHYM) has committed an investment of 1.019 billion dirhams (MMDH) in 2024 for the drilling of four exploration wells, comprising three onshore and one offshore. This year also marks a heightened focus on strategic and critical minerals, which are vital......

Strong growth of Moroccan traditional handicrafts exports in 2025

Moroccan traditional handicrafts exports saw significant growth in 2025, with a 27% increase in the first two months of the year compared to the same period in 2024, totaling exports exceeding 231 million dirhams. This growth trend was particularly strong in January 2025, which saw a 31% increase compared......

Morocco emerges as a key player for Airbus in the aerospace industry

Morocco has established itself as a crucial partner for Airbus, showcasing significant growth potential in the aerospace sector, according to Wouter Van Wersch, Executive Vice President International at Airbus. In a recent interview with MAP, held during the third Airbus summit on March 24-25 in Toulouse,......

Sustainable Water Management in Casablanca-Settat: A Commitment to the Future

In observance of World Water Day 2025, celebrated annually on March 22, the theme this year is "Preserving Glaciers." This initiative aims to shed light on the plight of 2.2 billion individuals globally without access to safe drinking water, urging immediate action to combat the worldwide water......

Ryanair introduces new Manchester to Rabat flight route

Ryanair has announced its plans to launch a new flight route connecting Manchester, UK, to Rabat, Morocco, set to commence on March 30. This new service will operate twice weekly, marking Rabat as the fifth Moroccan destination accessible via direct flights from the northern English airport. With this......

Ryad Mezzour: Morocco remains committed to the AfCFTA

Morocco remains steadfast in its support for the African Continental Free Trade Area (AfCFTA), reaffirmed by Minister of Industry and Trade, Ryad Mezzour, during the 57th session of the Economic Commission for Africa (ECA) and the Conference of African Ministers of Finance, Planning, and Economic Development......