Economy
Europe continued to dominate Morocco’s foreign trade in 2024, accounting for 62% of total trade volume, down slightly from 63.2% in 2023, according to the latest annual report by the Moroccan Office of Exchange. European countries provided 56.4% of Morocco’s imports and received 71.4% of......
Moroccan asset management firm Alphavest Capital and American aerospace giant Boeing have signed a memorandum of understanding (MoU) to create five aerospace excellence centers in Morocco. This strategic partnership aims to bolster the country’s position as a global leader in the aviation manufacturing......
A new global study reveals that immigrant workers in Spain earn nearly a third less than Spanish nationals, highlighting structural inequalities within the labor market as the country braces for a major demographic shift. The research, led by the University of Oslo and published in Nature Journal,......
High-ranking officials and international organizations are praising Morocco’s stability and strategic reforms, positioning the country as a key partner in sectors ranging from infrastructure to renewable energy and aerospace. Morocco as a pillar of stability Naima Moutchou, Vice President of......
A wholesaler in Dordogne, France, has been handed a one-year suspended sentence and a €50,000 fine for falsely labeling imported fruits as French products. The fruits, primarily sourced from Morocco, Portugal, and the Netherlands, included raspberries, blueberries, blackberries, chestnuts, and kiwis,......
European aircraft manufacturer Airbus has expressed its intention to strengthen ties with Morocco, leveraging the country’s rapidly growing aviation industry. Speaking at the 55th Paris Air Show, Wouter Van Wersch, Airbus’s executive vice president for international affairs, highlighted Morocco’s......
Morocco and France are advancing toward a landmark agreement to protect Moroccan banks operating within Europe from the stringent effects of the European Union’s Capital Requirements Directive VI (CRD VI). The directive, a key part of the EU’s efforts to tighten financial regulations, limits......
Morocco and the United States have strengthened their customs cooperation by signing a new bilateral Container Security Initiative (CSI) agreement in Rabat. This initiative aims to enhance cargo security while facilitating the increasing volume of trade between the two nations. The agreement, which......
Morocco is solidifying its status as a global leader in the aerospace industry, with 150 companies operating nationwide and generating an annual revenue of €2.5 billion. The sector currently employs 26,000 professionals and is poised for significant expansion in the coming years. A growing aerospace......
American aerospace leader Boeing is solidifying its relationship with Morocco's aviation sector at the 55th International Paris Air Show, taking place from June 16 to 22. This partnership highlights Boeing's commitment to enhancing its global supply chain while supporting the burgeoning aerospace......
Abdellatif Amrani, Director General of the Moroccan Customs and Indirect Tax Administration, and Donald Conroy, Executive Director for International Operations and Advisory at the U.S. Customs and Border Protection, signed a Declaration of Principles in Rabat confirming Morocco’s participation......
The European Investment Bank (EIB) has committed €1.6 billion to finance the Bay of Biscay electricity interconnection, a critical project aimed at strengthening energy links between Spain and France. This initiative comes in response to Spain’s calls for improved infrastructure following......
A government report released Tuesday has revealed that the massive power outage that paralyzed Spain and parts of Portugal in April was triggered by an "overvoltage" on the electrical grid, leading to a cascading failure. The incident, which disrupted internet, telephone services, train operations,......
