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Economy


Morocco's Watermelon Exports Flourish Amidst EU Market Shifts

In a remarkable display of agricultural resilience, Morocco has secured its position as a top watermelon exporter to the European Union, despite facing its sixth consecutive year of severe drought. This achievement underscores the kingdom's ability to adapt and thrive in the face of climatic challenges. According......

Morocco's Economic Resilience: S&P Forecasts Sustained Growth Amid Reforms

Morocco's economy is poised for sustained growth, according to a recent report by S&P Global Rating. The international credit rating agency has highlighted ongoing economic reforms in the North African kingdom, predicting that these measures will foster more inclusive and resilient economic expansion......

Morocco-UAE Business Council Appoints Investment Veteran to Bolster Economic Ties

Anas Guennoun, a seasoned investment banker and co-founder of West Capital Partners, has been named the new Chairman of the Morocco-United Arab Emirates Business Council under the Confédération générale des entreprises du Maroc (CGEM). This appointment marks a significant......

Morocco's Economic Resilience Tested: Mixed Sector Performance in Q2 2024

Morocco's economy faced a challenging landscape in the second quarter of 2024, with growth slowing to 2.4%, down from 2.5% in the same period last year. This slight deceleration masks significant shifts across various sectors, painting a complex picture of the nation's economic health. Primary......

Morocco Pioneers Hydrogen Storage Innovation in Automotive Sector

In a significant move towards sustainable transportation, Morocco's Mohammed VI Polytechnic University (UM6P) has joined forces with global technology leader Capgemini to explore cutting-edge solutions for hydrogen storage in vehicles. This collaboration marks a crucial step in positioning Morocco......

Morocco Showcases Ambitious 'Made in Morocco' Railway Vision at Global Trade Fair

Morocco is making waves in the global railway industry with its bold "Made in Morocco" vision, unveiled at the prestigious InnoTrans 2024 trade fair in Berlin. The Morocco TraIndustry (MTI) cluster, a collaborative initiative aimed at revitalizing the nation's railway sector, made its debut......

Morocco's Petroleum Sector: A Transformative Marking System to Boost Transparency and Efficiency

Morocco's petroleum sector is on the cusp of a significant transformation, with the introduction of a new marking system set to revolutionize the industry's operations and governance. This ambitious initiative, slated for implementation in 2025, aims to enhance transparency, streamline processes,......

Moroccan Government Engages with OECD Secretary-General to Enhance Economic Collaboration

In a significant diplomatic engagement, the Head of the Moroccan Government, Aziz Akhannouch, recently met with the Secretary-General of the Organization for Economic Co-operation and Development (OECD), Mathias Cormann, to address pressing global economic concerns. The meeting, held in Rabat, underscores......

World Bank Strengthens Maghreb Ties: New Regional Director Takes Helm in Morocco

The World Bank has reinforced its commitment to fostering economic growth and development in the Maghreb region with the appointment of Ahmadou Moustapha Ndiaye as the new Regional Director for the Maghreb and Malta. This strategic move signals an intensified focus on supporting economic reforms and......

Morocco and Senegal Forge Railway Alliance: A New Era of African Transportation Cooperation

Morocco and Senegal have taken a significant step towards strengthening their partnership in the transportation sector. On Thursday, the two nations signed two framework cooperation agreements aimed at boosting railway development, marking a new chapter in their bilateral relations. The agreements were......

Morocco's Economic Shift: Akhannouch Unveils Job Creation and Investment Push

In a strategic move to bolster Morocco's economy, Head of Government Aziz Akhannouch has announced a renewed focus on investment and job creation for the second half of his term. Speaking at a Government Council session in Rabat, Akhannouch outlined a vision that balances economic growth with social......

Morocco's Cannabis Industry Blossoms in 2024 Amidst Regulatory Overhaul

In a remarkable surge, Morocco’s National Agency for Regulation of Cannabis-Related Activities (ANRAC) has significantly increased the issuance of cannabis licenses in 2024. This development comes amidst a transformative regulatory landscape, marking a pivotal moment for the country's cannabis......

Unprecedented Surge: Moroccan-Israeli Trade Thrives Amid Gaza Conflict

In a remarkable development, trade between Morocco and Israel has skyrocketed in 2024, reaching unprecedented levels despite the ongoing conflict in Gaza. This economic boom, facilitated by the 2020 Abraham Accords, has sparked critical debates about the implications of deepening economic ties amidst......