Morocco's unemployment rate has escalated to 13.1% in the second quarter of 2024, according to the latest report from the Moroccan High Commission for Planning (HCP). This figure represents a 0.7 percentage point increase from the 12.4% recorded in the same period of 2023, highlighting a concerning......

In 2024, French buyers have discovered a treasure trove of affordable real estate opportunities in Morocco, with apartment prices starting as low as €42,000 and properties outside major cities averaging €600 per square meter. Morocco has emerged as a favored destination for French property......

In an extraordinary shift, Morocco's cannabis industry has seen explosive growth following the government's decision to lift a long-standing ban. The National Agency for the Regulation of Cannabis-Related Activities (ANRAC) has reported a remarkable increase in the number of licenses issued for......

In a significant move that could reshape Morocco's economic landscape, Bank Al-Maghrib (BAM), the country's central bank, is expected to implement additional cuts to its policy rates during the latter half of 2024. This forecast, put forth by Fitch Solutions, suggests a continuation of the monetary......

In a significant development, the Nigeria-Morocco Atlantic African Gas Pipeline project has gained renewed momentum following a series of high-level discussions in Rabat. Officials from twelve West African nations, key representatives from the Economic Community of West African States (ECOWAS), and Moroccan......

In a bold forecast that has caught the attention of economic analysts, Morocco's Economy and Finance Minister, Nadia Fettah Alaoui, has unveiled an ambitious projection for the nation's economic growth. Speaking at a joint parliamentary session in Rabat, Fettah Alaoui announced that Morocco's......

Budget Planning Prioritizes Sustaining Project Momentum, Says Minister Fouzi Lekjaa. Morocco’s extensive social protection initiative is expected to require a substantial investment of MAD 29 billion ($3 billion) by 2025, as announced by Fouzi Lekjaa, Minister Delegate for the Budget. In an address......

The Moroccan government is poised to implement significant income tax reforms aimed at reducing the financial burden on workers while ensuring the persistence of crucial social support programs. This announcement was made by Fouzi Lekjaa, the Minister Delegate to the Minister of Economy and Finance,......

In a significant development, the Minister of Economic Inclusion, Younes Sekkouri, has announced that graduates from professional training programs in Morocco are experiencing an impressive 90% integration rate into the job market. This revelation came during a recent interrogatory session at the House......

ONDA Reports Double-Digit Growth in Passenger Numbers and Aircraft Movements Morocco's airports have experienced unprecedented growth in passenger traffic during the first half of 2024, as reported by the Office National des Aéroports (ONDA). The number of passengers soared by 19% compared......

Draa Tafilalet Oasis. The Moroccan Tourist Engineering Society (SMIT) has announced an ambitious $1.7 billion plan to position Draa Tafilalet as a premier ecotourism destination in Morocco. Unveiled by SMIT President Imad Barrakad during a Development and Solidarity Council meeting in Rabat on July......

Morocco is dedicating an impressive annual investment of MAD 18 billion ($1.8 billion) to upgrade its road infrastructure, according to Minister of Equipment, Nizar Baraka. The minister shared this information during a national symposium on road safety held in Rabat on Wednesday. Baraka emphasized that......

The Moroccan storage company SOMAS has officially unveiled its fourth butane gas storage cavity in the rural commune of Mohammedia, located 87.1 kilometers from Casablanca.  This ambitious project, which represents a significant investment of MAD 400 million ($40.9 million), has substantially boosted......