Economy
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......
Morocco's Royal Atlantic Initiative Leads the Way in Revolutionary Development Throughout the Area Rabat: The Moroccan government has started an ambitious project to promote sustainable development throughout Atlantic Africa, strengthen regional collaboration, and spur economic progress. The plan......
In a move to strengthen regional ties and boost tourism, Royal Air Maroc (RAM) has announced the resumption of air services between the cities of Rabat and Laayoune. The airline will now offer two flights per week on this route, providing enhanced connectivity for travelers. The inaugural flight on......
Morocco has taken a significant step forward in modernizing its public transportation system, with taxi drivers across the country now equipped with innovative digital tablets that are revolutionizing the taxi experience. The company behind this transformation is Itechia, which recently launched the......
In a striking display of economic resilience, trade between Israel and Morocco has experienced a remarkable surge, defying regional political tensions and public sentiment. Recent data from the Abraham Accords Institute reveals a 64% increase in bilateral trade during the first five months of 2024, reaching......
In a promising forecast for Morocco's economic landscape, Bank Al-Maghrib (BAM), the country's central bank, has unveiled projections that paint a picture of robust growth across multiple sectors. The standout prediction: remittances are expected to reach an unprecedented MAD 123.7 billion ($12......
In a significant move aimed at bolstering their economic and strategic ties, Morocco and Turkey have signed two pivotal agreements focusing on energy, earth sciences, and mining. The signing ceremony took place on Thursday in Rabat and featured Morocco’s Minister of Energy Transition and Sustainable......
In a groundbreaking assessment of global energy landscapes, the World Economic Forum's (WEF) "Fostering Effective Energy Transition 2024" report has thrust Morocco into the spotlight as the vanguard of clean energy adoption in North Africa. The kingdom's ascent to the 65th position......
In a remarkable display of consensus, Morocco's financial community is exhibiting an almost unanimous expectation that Bank Al-Maghrib (BAM), the country's central bank, will maintain its current benchmark interest rate. This sentiment emerges from a recent survey conducted by Attijari Global......
Core inflation in Morocco experienced a notable rise of 2.2% in May 2024 compared to the same month last year, as reported by the High Commission for Planning (HCP). This increase underscores persistent inflationary pressures within the Moroccan economy, even as the broader Consumer Price Index (CPI)......
Disparities Deepen as Morocco’s Poor Bear the Brunt of Economic Crises Morocco’s recent economic challenges have disproportionately affected its least affluent citizens, according to a comprehensive report by the High Commission for Planning (HCP). The report highlights how the COVID-19......
In the ever-shifting landscape of global living expenses, Casablanca and Rabat, two of Morocco's vibrant metropolitan centers, have emerged as affordable havens for expatriates in the Middle East and North Africa (MENA) region. The latest cost-of-living survey by Mercer, a renowned authority in the......
Morocco's National Judicial Agency, a stalwart guardian of state finances since its establishment in 1928, has announced the recovery of a staggering $7.2 million in misappropriated public funds during the fiscal year 2022. This achievement underscores the agency's unwavering commitment to safeguarding......
