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Economy


Morocco Sets Sights on Becoming a Key Player in the Global Halal Market

The Halal Morocco Forum explores the country's potential for significant growth in the global halal market. In a bid to bolster its position in the burgeoning global halal market, Morocco recently hosted the sixth edition of the Halal Morocco Forum in Casablanca. Abderrahim Taibi, director of the......

Surge in Cherry Prices: Examining the Factors Driving the Cost Hike in Morocco

In Morocco, cherry prices have recently surged significantly, with costs reaching up to 80 dirhams per kilogram. This increase has been particularly evident in middle-class and popular marketplaces, and even more pronounced in high-end markets. The sudden rise occurred during the Eid al-Adha period,......

Moroccan Healthcare Group Akdital Boosts Public Share Capital to $110 Million

Akdital, a prominent name in Morocco's private healthcare sector, is set to significantly enhance its public share capital. The Moroccan Capital Market Authority (AMMC) has approved Akdital's ambitious plan to issue new shares, aiming to attract substantial public investment and bolster its growth......

Resurgence in Real Estate: Why Businessmen Are Snapping Up Stalled Construction Projects

As summer approaches, real estate developers anticipate a surge in demand to help clear their property inventories. However, a notable trend has emerged where savvy investors are capitalizing on developers' misfortunes by purchasing halted construction projects at bargain prices. These investors......

ONCF Unveils Ambitious Summer 2024 Rail Strategy: Connectivity and Comfort Take Center Stage

Morocco's National Railway Office (ONCF) is gearing up for a transformative summer season, rolling out an extensive plan to accommodate the anticipated surge in travelers. From June 24 to September 23, 2024, the Moroccan rail network will pulsate with over 230 daily trains, marking a significant......

Soaring Connections: Royal Air Maroc Launches Direct Abuja-Casablanca Route

In a significant development for African air travel, Royal Air Maroc (RAM) has inaugurated a direct flight route between Abuja and Casablanca, marking a new chapter in Morocco-Nigeria relations. The maiden flight took off from Nnamdi Azikiwe International Airport in Abuja on Sunday, heralding an era......

Casablanca Tops North African Cities in Oxford Economics Global Index

The Global Cities Index also highlights Rabat, Agadir, and Marrakech among other Moroccan cities. Casablanca has emerged as the most attractive city in North Africa, according to the Global Cities Index 2024 by Oxford Economics. The Moroccan economic hub has been ranked 442nd out of 1,000 cities worldwide......

COVID-19 and Inflation Compound Morocco’s Economic Inequalities, HCP Report Reveals

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......

Royal Air Maroc Expands Network for Busy Summer Travel Season

As summer approaches, Royal Air Maroc (RAM), Morocco's national airline, is gearing up for an anticipated surge in passenger demand by significantly enhancing its network and seat capacity. The airline's strategic expansion aims to provide travelers with more options and improved connectivity......

Living Costs for Expatriates: Casablanca and Rabat Shine as Affordable Hubs in MENA

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......

Spanish Firms Back Acciona in Building Casablanca’s Landmark Desalination Plant

Spain's CaixaBank and Cofides have committed to financing Acciona's ambitious endeavor to construct a new desalination plant in Morocco. Each organization will extend a loan of €31 million, supporting a project valued at a total of €650 million. This significant investment will be managed......

Morocco's Utility Company Urges Responsible Water Use During Eid Al Adha

Amidst a prolonged drought and a significant rain deficit over the past five seasons, the Moroccan National Office of Electricity and Drinking Water (ONEE) has issued a fervent call for the judicious use of drinking water during the upcoming Eid Al Adha festivities. The observance of Eid Al Adha, set......

Navigating Morocco's Housing Sector: Pricing Paradox Amid Transaction Downturn

In a curious twist of fate, Morocco's real estate market encountered a puzzling dynamic in the first quarter of 2024. While property prices showed a modest upward trend, the volume of transactions sharply declined, casting a perplexing shadow over the sector's dynamics. Data released by Bank......