Economy
Morocco and Spain have recently formalized two significant agreements aimed at advancing the Strait of Gibraltar crossing project. Signed on Thursday in Madrid, these agreements emphasize cooperation in digitalization, engineering, and educational initiatives. The Moroccan delegation, led by Abdelkabir......
The liquidity deficit in Morocco’s banking system has surged by 21.9%, reaching MAD 168.3 billion during the week of April 3 to 9. This significant rise highlights tightening conditions within the money market. According to BMCE Capital Global Research (BKGR), the deficit’s increase follows......
Italian pharmaceutical and nutraceutical company PharmaNutra has recently made significant strides in its international expansion by signing agreements to distribute its health products in Morocco, Bahrain, and Peru. This development marks a key milestone as the company continues to grow its presence......
The European Bank for Reconstruction and Development (EBRD) has joined forces with the European Union (EU) and the Moroccan financing institution Finéa to provide essential support to small businesses in regions impacted by the devastating Al Haouz earthquake. On September 8, 2023, a powerful......
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......
The recent imposition of sweeping tariffs by U.S. President Donald Trump has sent shockwaves through global markets, particularly affecting long-standing U.S. trading partners like the European Union, Japan, and South Korea. However, several countries, including Brazil, Egypt, Singapore, and Turkey,......
Morocco is aiming to significantly increase its exports to Egypt by 2026, with a target of $500 million, up from just $75 million in 2024. This impressive growth is central to ongoing bilateral discussions as both Rabat and Cairo seek to address a concerning trade imbalance. To achieve this goal, the......
In a recent interview with The Korea Times, Chafik Rachadi, Morocco’s ambassador to South Korea, highlighted the deepening economic relations between Rabat and Seoul, underscored by a landmark $1.5 billion agreement between Morocco’s national railway operator (ONCF) and Hyundai Rotem. Ambassador......
A delegation led by Chilean Senate President Manuel José Ossandón met with Mohamed Ould Errachid, President of Morocco’s House of Councilors, in Laayoune on Thursday. This high-level meeting occurred during the Andean Parliament’s historic session in Morocco and focused on expanding......
Mohammed Hussein Al Amoudi, the Saudi billionaire and former owner of Morocco's Samir refinery, is currently pursuing the enforcement of an award from the International Centre for Settlement of Investment Disputes (ICSID) against Morocco. This effort aims to resolve a prolonged legal dispute with......
The Moroccan Minister of Energy Transition and Sustainable Development, Leila Benali, recently led a virtual meeting to discuss the progress of technical and economic studies related to the Morocco-France electrical interconnection project. This initiative is part of a strategic partnership aimed at......
City officials in Fez have announced an ambitious initiative to enhance the city's video surveillance network as part of a comprehensive urban development strategy. This project, spearheaded by the Local Development Company Fez Region Planning (FRA), will allocate over MAD 140 million (approximately......
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......
