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Economy


Royal Air Maroc expands its reach with enhanced fleet and new routes

Royal Air Maroc (RAM) celebrated a key milestone today as its latest Boeing 787-9 Dreamliner touched down at Casablanca’s Mohammed V Airport. The arrival of the aircraft, welcomed with a ceremonial water salute, underscores RAM’s commitment to strengthening its global presence. This addition......

Morocco Unveils $735 Million Highway Expansion Plan Ahead of 2030 World Cup

Morocco is set to dramatically expand its motorway infrastructure through a comprehensive MAD 7.74 billion ($735 million) investment plan spanning 2025-2027. The initiative aims to add 1,000 kilometers of new highways to the nation's transportation network, strengthening its position as home to Africa's......

Morocco's Railway System Unveils $939 Million Expansion Plan Through 2027

Morocco's National Railways Office (ONCF) has announced an ambitious MAD 9.78 billion ($939 million) investment strategy spanning 2025-2027, marking a significant advancement in the country's transportation infrastructure. The comprehensive plan, detailed in the public establishments and enterprises......

Morocco Secures Major Foreign Investments While Preparing for Global Sports Events

Morocco's economic landscape is experiencing significant transformation, marked by substantial foreign investments and ambitious infrastructure developments. The nation's strategic focus on automotive manufacturing and green hydrogen initiatives is reshaping its industrial sector, while preparations......

Morocco's Consumer Price Index Stabilizes as Core Inflation Climbs

Morocco's consumer prices held steady in September 2024, while core inflation continued its upward trajectory, according to the latest report from the High Commissioner of Planning (HCP). The data reveals a complex economic landscape marked by regional variations and sector-specific price fluctuations. Price......

Bridging Economies: Quebec and Morocco Forge New Paths for Collaboration

MONTRÉAL, October 21, 2024, In a significant move to bolster economic ties, the Council of Employers of Quebec (CPQ) and the General Confederation of Moroccan Enterprises (CGEM) have launched a week-long initiative welcoming a delegation of Moroccan entrepreneurs to Quebec. This visit aims to......

Lamia Merzouki’s Election Marks a New Era for Morocco in Global Finance

In a landmark achievement for Morocco's financial landscape, Lamia Merzouki, Deputy CEO of Casablanca Finance City (CFC), has been elected President of the World Alliance of International Financial Centres (WAIFC). This significant development was announced during the WAIFC's Annual General Meeting......

Morocco's Green Energy Surge: Powering the 2030 World Cup and Beyond

Morocco is set to make a significant leap in its renewable energy capacity, with plans to double green power output in its southern provinces by 2027. This ambitious project, estimated at $2.1 billion, is part of the country's preparation to co-host the 2030 FIFA World Cup alongside Spain and Portugal. The......

Casablanca Stock Exchange Ushers in New Era with Appointment of Veteran Banker as Chairman

The Casablanca Stock Exchange (CSE) has entered a new phase of leadership with the appointment of Brahim Benjelloun Touimi as Chairman of the Board of Directors. This strategic move, approved by the board on October 14, marks the beginning of a two-year term that promises to shape the future of Morocco's......

AmCham Gala Celebrates 20 Years of Morocco-U.S. Partnership

The annual AmCham Gala 2024 held in Casablanca highlighted the strategic partnership between Morocco and the United States. This year’s event celebrated the 20th anniversary of the Free Trade Agreement (FTA) between the two nations, showcasing their mutual commitment to enhancing economic relations. Minister......

Royal Air Maroc Launches New Route to Toronto: A Gateway to Strengthened Africa-Canada Relations

The upcoming inauguration of Royal Air Maroc's (RAM) direct flight connecting Casablanca to Toronto is poised to significantly enhance the relationship between Africa and Canada. This new route is set to commence on December 8, operating three times a week on Wednesdays, Fridays, and Sundays using......

EPIK Consulting Spearheads Global Dialogue on Human Capital Evolution in Casablanca Summit

In a groundbreaking event that brought together 140 human resources leaders and general managers from diverse sectors, EPIK Consulting orchestrated a pivotal meeting on Human Capital Transformation in Casablanca. The gathering, held at the Barceló Anfa Hotel, served as a crucible for exchanging......

Moroccan Dirham Holds Steady Against Euro, Dips Against US Dollar

The MASI Index Drops by 1.8%, Reflecting Market Volatility The Moroccan dirham maintained its stability against the euro but experienced a 1.17% depreciation against the US dollar between September 26 and October 2. This fluctuation underscores the ongoing dynamics in the global currency market and......