Economy
Morocco’s OCP Group, the world’s leading exporter of phosphates and fertilizers, has reported impressive financial growth for the second quarter of 2025, reflecting its pivotal role in global agriculture. Strong revenue growth OCP recorded revenues of MAD 30.57 billion (approximately $3......
Despite Morocco’s efforts to stabilize commodity costs, red meat prices remain elevated across the country. The government’s measures, including suspending Eid Al Adha sacrifices and increasing cattle imports, have had limited success in curbing prices. Current market prices and challenges Beef......
Royal Air Maroc (RAM) has been named the official carrier for the 36th Sao Paulo Biennale, the largest contemporary art event in Latin America. Scheduled from September 6 to January 11, the Biennale will showcase works from artists across Africa, Latin America, and Asia under the theme, “Not all......
Morocco is close to securing a $600 million agreement with Brazilian aerospace company Embraer to acquire KC-390 Millennium military transport planes, marking a significant step in modernizing its air force. The deal, expected to include four to five aircraft, signals Morocco's intent to replace......
University Mohammed VI Polytechnic (UM6P), in partnership with key organizations, has launched "Lead," a pan-African initiative aimed at advancing Africa's growth by fostering public policy excellence and institutional development. A collaborative effort for change The initiative, hosted......
The United States recorded a trade deficit of $60.2 billion in goods and services in June 2025, a marked improvement from the $71.7 billion registered in May, according to data released on August 5 by the U.S. Census Bureau and the Bureau of Economic Analysis. This reduction was driven by a lower deficit......
Morocco and Brazil are forging a deeper economic partnership to foster sustainable growth and shared prosperity, as highlighted during the LIDE Forum held in Marrakech. The event brought together over 100 business leaders and institutional representatives from both nations to explore avenues for enhanced......
A growing movement among Brics nations to reduce reliance on the US dollar in global trade is challenging longstanding American financial dominance. By adopting local currencies for international transactions, the alliance of emerging economies is reshaping the global financial landscape and provoking......
In May, Brazil recorded its second-highest monthly export of live cattle ever, shipping over 111,000 heads and generating nearly 105 million dollars in revenue. Morocco stood as the third-largest importer, purchasing more than 14,000 heads valued at over 16 million dollars, primarily sourced from the......
A recent trade agreement between China and the United States, brokered in Geneva through Swiss mediation, has led to a temporary de-escalation of trade tensions. The deal includes a 90-day suspension of certain tariffs, aiming to restore mutual trust and explore future economic collaboration. Both nations......
The tariff policies imposed by the United States have long had a significant impact on international trade, influencing both partner economies and diplomatic relations. In recent years, U.S. trade policy has shifted towards tariff hikes, economic sanctions, and a clear intention to protect domestic industries......
A high-level delegation from the Brazilian aerospace giant Embraer recently concluded a visit to Morocco, focusing on the nation’s potential to bolster its aerospace supply chain. The company announced the visit's outcomes in a press release on Thursday. During the trip, Embraer identified......
The recent imposition of sweeping tariffs by U.S. President Donald Trump has sent shockwaves through global markets, particularly affecting long-standing U.S. trading partners like the European Union, Japan, and South Korea. However, several countries, including Brazil, Egypt, Singapore, and Turkey,......
