Economy
Fouzi Lekjaa, Morocco’s Minister Delegate for Budget, recently attended a pivotal meeting at the General Confederation of Moroccan Enterprises (CGEM) headquarters in Casablanca. The gathering focused on key economic issues, including the 2025 Finance Law, preparations for the 2030 World Cup, and......
Morocco's ambitious transportation infrastructure plan will inject MAD 96 billion ($9 billion) into railway upgrades by 2030, Transport and Logistics Minister Abdessamad Kayouh announced in Rabat. The comprehensive initiative aims to dramatically expand the nation's rail connectivity while modernizing......
Morocco's fuel sector demonstrated mixed performance in the third quarter of 2024, with total fuel imports reaching 1.7 million tons valued at $1.26 billion, marking a 10.8% volume increase despite a 9.75% value decline compared to 2023. The revenue of Morocco's nine major fuel distributors......
Morocco and Mauritania are preparing to sign a significant memorandum of understanding for electricity connection between the two nations, according to Morocco's Minister of Energy Transition and Sustainable Development, Leila Benali. The agreement, set to be finalized during the Mauritanian Energy......
Morocco’s economic outlook remains positive, with domestic demand expected to fuel a 4.2% growth in 2025, according to the latest projections from the High Commission for Planning (HCP). This follows an estimated 4.9% growth in 2024, highlighting the central role of domestic demand in sustaining......
A recent survey conducted by market research group Sunergia has uncovered significant gaps in retirement planning among Moroccans, highlighting widespread inequalities in access to pension coverage. The findings reveal that while 59% of Moroccans benefit from employer-provided retirement plans, a staggering......
On Thursday, in Rabat, a meeting took place between the Moroccan Secretary of State for Agriculture, Maritime Fisheries, Rural Development, and Water and Forests, Zakia Driouich, and the Ambassador of Oman to Morocco, Khalid Ben Salem Bamkhalif. The discussion focused on the future of cooperation in......
Morocco has marked a significant milestone in its financial technology sector with the launch of the Morocco Fintech Center (MFC) in Rabat. The center's inaugural board meeting, chaired by Bank Al-Maghrib Governor Abdellatif Jouahri, signals a coordinated push to advance the country's digital......
A recent survey by Morocco's High Commission for Planning (HCP) reveals a stark economic reality facing Moroccan households, with only 11.1% expressing optimism about their ability to save in the coming year. The overwhelming majority - 88.9% of families - see no possibility of building savings as......
Spain and Morocco's bilateral trade has shown remarkable growth in the first ten months of 2024, according to recent data from the Spanish State Secretariat for Trade. Spanish exports to Morocco reached €10.843 billion, marking a 6.8% increase, while Moroccan exports to Spain grew by 9.1% to......
The Islamic Center for Development of Trade (ICDT) will convene its 23rd annual meeting of Economic Advisors from Organization of Islamic Cooperation (OIC) member states on January 23 in Rabat, Morocco. The gathering brings together diplomatic representatives to discuss trade initiatives and economic......
Morocco's comprehensive fiscal reforms have driven remarkable growth in tax revenue, reaching MAD 299 billion ($29.5 billion) in 2024, marking a significant increase from MAD 199 billion ($19.5 billion) in 2020. This surge in revenue has enabled substantial investments in social welfare programs,......
Rabat – Trade relations between Spain and Morocco continue to flourish, with recent data indicating a likely fourth consecutive year of record-breaking foreign trade between the two countries. Reports highlight Morocco's strong trade performance with Spain, emphasizing the robust bilateral......
