Economy
Morocco's economy recorded a growth rate of 3.7% in the final quarter of 2024, a decline from the 4.2% achieved in the same period last year. This slowdown, reported by the High Commission for Planning (HCP), is attributed primarily to a downturn in agricultural output, while non-agricultural sectors......
Bank Al-Maghrib (BAM), Morocco’s central bank, has initiated a collaboration with the Moroccan Professional Group of Banks (GPBM) aimed at enhancing customer satisfaction within the banking sector. This decision stems from a noticeable increase in complaints regarding service quality at bank branches......
French company Alstom has announced its commitment to provide Morocco with approximately 18 high-speed trains of the "Avelia Horizon" model, as part of the kingdom's railway network expansion. In a statement released recently, Alstom, a global leader in sustainable smart transport, confirmed......
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......
Morocco has successfully executed an international bond issuance totaling €2 billion, marking its first such move since 2020. Sources close to the Ministry of Finance indicate that officials were still on site as initial details of the operation began to surface. To lead this issuance, Morocco......
Morocco's economy is set to grow by 3.6% in 2025, an increase from 3.2% in 2024, according to the World Bank's latest economic report titled "Prioritizing reforms to boost the business environment." This optimistic projection comes despite the adverse impact of droughts on agricultural......
Italian asset management firm Azimut Holding has made a significant move into the Moroccan market by acquiring minority stakes in two subsidiaries of Red Med Capital, a prominent independent investment bank in Morocco. This strategic investment marks Azimut's inaugural foray into the Moroccan financial......
Morocco has successfully raised €2 billion ($2.2 billion) in euro-denominated bonds, marking its first eurobond sale in five years. This significant financial move attracted bids totaling over €6.75 billion, surpassing initial expectations by €500 million. The funds will primarily support......
The potential economic contribution of rural women in Morocco is immense, with estimates indicating that their inclusion could generate MAD 25.3 billion (approximately $2.53 billion), roughly 2.2% of the nation’s GDP. This assertion was made by High Commissioner for Planning, Chakib Benmoussa,......
The High Commission for Planning (HCP) recently released a study outlining a series of recommendations aimed at guiding policymakers, technical and financial partners, and civil society actors in structurally enhancing gender equality within public policies and the Sustainable Development Goals (SDGs). These......
German authorities have recently taken decisive action by withdrawing a shipment of Moroccan peppers from the market due to alarming levels of Abamectin, a pesticide known for its serious health risks. The peppers were imported into Germany via Spanish distributors, as reported by Hortoinfo. Inspection......
Morocco is currently maneuvering through a landscape marked by diplomatic and trade challenges, amidst a backdrop of global economic uncertainty. The year 2025 unfolds with apprehensions regarding international trade, particularly as the U.S. administration under President Trump signals potential tariffs......
Morocco has officially announced the continuation of its subsidy program for soft wheat imports throughout 2025, a strategic response to the persistent drought that has severely impacted the nation’s agricultural output. The National Interprofessional Office for Cereals and Legumes (ONICL) confirmed......
