Economy
Morocco’s credit rating remains stable at Ba1, as confirmed by Moody’s during its latest review. This rating reflects a complex landscape of strengths and vulnerabilities, highlighting effective governance and a robust domestic financing structure, contrasted with low income levels and risks......
The European Commission has firmly rejected allegations of tax fraud concerning Moroccan tomato exports to the European Union. This decision comes in the wake of concerns raised by Spanish MEP Carmen Crespo, who questioned whether Morocco had exceeded its duty-free export limits. European Commissioner......
In response to pressing economic challenges and significant ongoing reforms, Morocco's Prime Minister, Aziz Akhannouch, has issued a stern directive to his team, mandating stricter budget management. The primary goal is to limit operational expenditures while optimizing investments. Budgetary discipline......
The Moroccan government has recently approved a decree aimed at modernizing the Highway Code and enhancing traffic regulations in anticipation of the FIFA World Cup 2030. This adjustment seeks to balance regulation, innovation, and accessibility within the transport sector. In a significant move, the......
Doubts linger regarding the feasibility of the proposed tunnel between Spain and Morocco. To gather comprehensive data on the viability and costs of this megaproject, new studies have been commissioned to a German firm. The Spanish public company Ineco recently issued a call for tenders for the "feasibility......
The World Bank has approved a substantial $600 million to support the final phase of Morocco's human capital development program, aimed at enhancing national resilience and social welfare. This funding initiative focuses on four critical areas: strengthening resilience to health risks, improving......
Ryanair has announced its plans to launch a new flight route connecting Manchester, UK, to Rabat, Morocco, set to commence on March 30. This new service will operate twice weekly, marking Rabat as the fifth Moroccan destination accessible via direct flights from the northern English airport. With this......
During the sacred month of Ramadan, supermarkets experience a remarkable influx of shoppers, transforming these spaces into bustling hubs filled with anticipation, established habits, and a certain frenzy of purchasing. In Rabat, as in other locations, consumers flocked to stores from the very first......
In a significant move to bolster the textile industry, Moroccan Prime Minister Aziz Akhannouch presided over the signing of an investment agreement with the Chinese conglomerate Sunrise Group on March 20, 2025, in Rabat. This partnership aims to enhance the competitiveness of Morocco's textile sector......
Morocco's government is embarking on an ambitious plan to balance economic stability with essential social welfare investments. Minister of Economy and Finance, Nadia Fettah, recently announced that the country’s budgetary programming for 2025-2027 will prioritize reducing the budget deficit......
Spain’s second-largest bank, BBVA, has received approval from Morocco's central bank, Bank Al-Maghrib, for the indirect change in control of Banco Sabadell’s operations in the country. This development marks a significant step in BBVA's broader strategy to enhance its presence in......
The International Monetary Fund (IMF) has announced the approval of a $496 million disbursement to Morocco under the Resilience and Sustainability Facility arrangement. This marks the third tranche of funding, bringing the total disbursed to approximately $1.24 billion. The announcement highlights Morocco's......
Morocco has firmly established itself as Spain’s foremost African trading partner, achieving remarkable bilateral trade figures in 2024. Recent data from the Spanish Ministry of Economy, Trade and Enterprise reveals that trade between the two nations surged to €22.7 billion, marking a significant......
