Economy
A recent report from the World Bank Group, International Debt Report 2024, reveals that Morocco's external debt surged to $69.267 million in 2023, a significant increase from $27.3 million in 2010. The report provides an in-depth analysis of the debt’s composition and the conditions of Morocco’s......
The World Bank has unveiled an unprecedented commitment to aid the world's poorest countries, raising nearly $24 billion in new funds. This initiative will allow the bank to leverage these resources, unlocking a remarkable total of $100 billion in loans and grants. The goal is to address the pressing......
Saham Group has finalized its acquisition of Société Générale’s Moroccan banking and insurance subsidiaries, marking a significant milestone for the company and a notable return to the financial sector for its founder, Moulay Hafid Elalamy. The transaction, valued at......
In November 2024, Morocco marked a significant milestone in its wheat procurement strategy by importing 222,000 tons of wheat from Russia. This represents a substantial increase compared to the 119,000 tons imported during the same period the previous year. This shift highlights Morocco's growing......
Kenitra-Marrakech LGV Project Advances with Gezhouba's Viaduct Deal Morocco's ambitious high-speed rail project connecting Kenitra to Marrakech has taken a significant step forward. The China-based Gezhouba Group has secured a MAD 2.32 billion ($225 million) contract to construct critical viaducts......
Morocco’s pursuit of becoming a key hub for foreign investment continues to gain momentum, fueled by the vision of His Majesty King Mohammed VI. The country has remained committed to a series of strategic reforms designed to enhance its attractiveness to investors, emphasizing sustainable growth......
In recent years, Morocco has increasingly emerged as a key destination for global automotive and electric mobility players. The recent move by LeapMotor, a major Chinese electric vehicle manufacturer, further solidifies the kingdom's strategic role in the energy transition and green industrialization,......
During a recent visit to the Dakhla-Oued Eddahab region, the French ambassador to Morocco, Christophe Lecourtier, led a high-level delegation to reaffirm France's active support for the socio-economic and cultural development of this southern Moroccan region. This visit exemplifies France’s......
In a significant announcement during his visit to Rabat, French President Emmanuel Macron emphasized the continuation of public investments in Morocco, including the Sahara region. Speaking at the conclusion of the "Morocco-France Entrepreneurial Meeting," Macron highlighted Morocco's status......
Morocco's parliament is taking bold steps toward modernizing its tax system through a comprehensive Finance Bill that targets consumable goods with significant public health implications. The proposed legislation, discussed in a recent ministerial council session led by King Mohammad VI, aims to......
Morocco's economic landscape is experiencing significant transformation, marked by substantial foreign investments and ambitious infrastructure developments. The nation's strategic focus on automotive manufacturing and green hydrogen initiatives is reshaping its industrial sector, while preparations......
Morocco is considering the implementation of a tax on real estate wealth as a means to finance its ambitious universal social protection program, according to a recent report by the Arab Reform Initiative. The study, titled "Property Taxes: Missed Opportunities for Funding Universal Social Protection......
Morocco is set to make a significant leap in its renewable energy capacity, with plans to double green power output in its southern provinces by 2027. This ambitious project, estimated at $2.1 billion, is part of the country's preparation to co-host the 2030 FIFA World Cup alongside Spain and Portugal. The......
