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Economy


Onda Appoints New Directors to Propel Modernization of Major Moroccan Airports

In a strategic move aimed at enhancing the operational efficiency and modernization of Morocco's aviation sector, the National Office of Airports (ONDA) has announced the appointment of new directors for several key airports across the country. This initiative underscores the government's commitment......

Credit du Maroc Reaffirms Commitment to Anti-Corruption Standards with System Certification Renewal

In a significant move underscoring its dedication to ethical business practices, Credit du Maroc has successfully renewed the certification of its anti-corruption management system. This renewal, which aligns with the international standard ISO 37001, reflects the bank's ongoing commitment to combating......

Sunrise Group's $422 Million Investment: A New Dawn for Morocco's Textile Industry

The Chinese textile powerhouse, Sunrise Group, has announced a significant investment of 4.1 billion dirhams (approximately $422.2 million) in Morocco, a move poised to invigorate the nation’s textile sector. This ambitious project was discussed during a meeting between Morocco's Head of Government,......

Royal Air Maroc Faces Flight Disruptions Amid Paris-Orly Airport Technical Glitch

Morocco's national carrier, Royal Air Maroc (RAM), announced that eight of its flights were affected by a technical issue at Paris-Orly airport on September 5, 2024. The airline took to social media to inform passengers that the problem was beyond their control. "Several Royal Air Maroc flights......

Morocco's Economic Landscape: Southern Regions Lead in GDP Per Capita, Highlighting National Disparities

Morocco's economic landscape reveals significant regional variations, with five regions surpassing the national average GDP per capita of 36,284 Moroccan dirhams (MAD) in 2022, according to a recent report from the High Commission for Planning (HCP). The southern region of Dakhla-Oued Eddahab stands......

Moroccan Magic Returns: EPCOT's Hidden Gem Awakens for Food and Wine Festival

The enchanting aromas of Moroccan cuisine once again waft through EPCOT's World Showcase as a beloved dining destination makes an unexpected comeback. Restaurant Marrakesh, long dormant since the 2020 pandemic, has temporarily reopened its ornate doors to welcome visitors during the park's popular......

Economic Imbalance: Morocco's Wealth Concentrated in Key Regions

Morocco's economic landscape in 2022 revealed stark regional disparities, with nearly 60% of the nation's wealth concentrated in just three regions, according to data released by the High Commission for Planning (HCP). This concentration highlights the challenges of balanced economic development......

Morocco's Air Traffic Soars: Record 18.1 Million Passengers by July 2024

Morocco's air transport sector has achieved a significant milestone, welcoming a record 18.1 million passengers in the first seven months of 2024, according to the Directorate of Studies and Financial Forecasts (DEPF) under the Ministry of Economy and Finance. This marks an impressive 18.5% increase......

Unprecedented Surge: Moroccan-Israeli Trade Thrives Amid Gaza Conflict

In a remarkable development, trade between Morocco and Israel has skyrocketed in 2024, reaching unprecedented levels despite the ongoing conflict in Gaza. This economic boom, facilitated by the 2020 Abraham Accords, has sparked critical debates about the implications of deepening economic ties amidst......

Morocco Prepares for 2030 FIFA World Cup with Ambitious Infrastructure Plans

Morocco is setting the stage for the 2030 FIFA World Cup, which it will co-host with Spain and Portugal, by unveiling a strategic infrastructure development plan as part of its 2025 Finance Bill. This initiative aims to transform key cities into world-class venues, ready to welcome the global sporting......

Morocco Faces Escalating Meat Prices Amid Drought and Supply Chain Challenges

Morocco is currently experiencing a severe meat crisis, with the cost of beef and lamb soaring above 100 MAD, leaving many citizens struggling to afford these essential foods. This significant price hike, ongoing for nearly two years, has sparked widespread public discontent and placed immense pressure......

Moroccan Government Approves SRM Casablanca-Settat’s Full Acquisition of Lydec

In a highly anticipated move, the Moroccan government has officially authorized the Société Régionale Multiservices (SRM) Casablanca-Settat to acquire 100% of Veolia’s shares in the utility company Lydec S.A. This significant development was formalized through Decree 2.24.737,......

Morocco's Aerospace Sector Soars: Exports Projected to Hit $4 Billion by 2030

Morocco's aerospace industry is experiencing a remarkable ascent, with exports reaching $1.3 billion in the first half of 2024. This achievement positions the sector as the country's leading export performer. In an exclusive discussion with Asharq Business, Hamid El Andaloussi, president of......