X

Economy


Strengthening trade links: Royal Air Maroc's new route connects Morocco, China, and Brazil

Royal Air Maroc (RAM) Cargo has revitalized a key trade route linking Morocco and China, essential for the movement of goods between China and Africa, while also establishing a direct connection to Brazil. The Moroccan airline has introduced a Boeing 787-9 aircraft operating three flights per week between......

Brazil rejects U.S. tariffs, stands firm against trade wars

In response to the imposition of 25% tariffs on steel and aluminum imports by U.S. President Donald Trump, the Brazilian government affirmed on Tuesday that Brazil would not engage in "any trade wars." The country expressed its commitment to upholding free trade and strengthening international......

Bilateral trade between Morocco and Brazil sees significant increase in 2024

In 2024, trade between Morocco and Brazil saw a growth of 4.52%, reaching a total of $2.77 billion compared to $2.65 billion in 2023, according to the Arab-Brazilian Chamber of Commerce. This increase demonstrates a notable boost in bilateral relations, with a slight trade surplus of approximately $2.2......

Morocco’s economy set for strong recovery in 2025 with key growth in agriculture and industry

After a challenging year marked by drought and slowed economic activity, Morocco’s economy is poised for a significant rebound in 2025, according to the latest projections from the High Commission for Planning (HCP). The recovery is expected to be driven by improvements in key sectors such as agriculture,......

Short Title: U.S. Sanctions Disrupt Russian Oil Supply to Asia

New sanctions imposed by the U.S. on Russian oil producers and vessels are expected to significantly impact Russia's oil exports, forcing China and India to source more oil from the Middle East, Africa, and the Americas. This shift is expected to drive up oil prices and freight costs, traders and......

Decline in Global Crude Exports as Trade Routes Experience Shifts

In 2024, global crude oil exports experienced a 2% decline, marking the first decrease since the COVID-19 pandemic, according to shipping data. This reduction is attributed to slower demand growth and significant changes in refinery operations and pipeline routes. The global oil market has faced disruptions......

China and Morocco Deepen Electric Vehicle Battery Partnership

Chinese companies are increasingly investing in Morocco's burgeoning electric vehicle (EV) industry, drawn by the country's strategic location and opportunities tied to U.S. subsidies. A recent article by the South China Morning Post highlighted the growing collaboration, marking a pivotal moment......

Royal Air Maroc expands its reach with enhanced fleet and new routes

Royal Air Maroc (RAM) celebrated a key milestone today as its latest Boeing 787-9 Dreamliner touched down at Casablanca’s Mohammed V Airport. The arrival of the aircraft, welcomed with a ceremonial water salute, underscores RAM’s commitment to strengthening its global presence. This addition......

Morocco's Court of Auditors Takes Helm of Global Audit Organization JURISAI

In a significant development for international financial oversight, Morocco's Court of Auditors has been elected to lead the Secretariat of the International Organization of Supreme Audit Institutions with Jurisdictional Competence (JURISAI). This appointment, made during JURISAI's founding General......

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......

Brazilian Senate Approves Landmark Investment Pact with Morocco

In a decisive move to enhance economic collaboration, the Brazilian Senate has sanctioned a legislative decree to facilitate investments with Morocco. This agreement, originally signed on June 13, 2019, during the visit of Morocco's Foreign Minister Nasser Bourita to Brasília, outlines a comprehensive......

Morocco's Fertilizer Exports to Brazil Surge, Securing Third Place in Global Market

Morocco's fertilizer exports to Brazil have experienced an unprecedented rise, catapulting the country to the position of the third largest supplier in June 2023. According to data from the Brazilian statistics agency, as reported by RIA Novosti, Morocco's exports surged by 2.3 times compared......

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......