Air Arabia Maroc has announced the introduction of a direct flight route connecting Nador and Murcia, set to commence on May 3. This initiative is part of the airline's broader strategy for international expansion. The new service will operate three times each week, specifically on Mondays, Tuesdays,......
Al Barid Bank has announced remarkable financial results for the year 2024, with its Group Net Profit reaching MAD 871.38 million ($87.14 million), reflecting a staggering 196% increase compared to 2023. This impressive performance was unveiled during a Supervisory Board meeting on March 28. The bank's......
Morocco is increasingly recognized as a "true model" for other nations, driven by a series of robust reform programs, according to Rebeca Grynspan, the Secretary-General of the United Nations Conference on Trade and Development (UNCTAD). During a press conference in Geneva, Grynspan emphasized......
African economies find themselves at a critical crossroads, faced with the dual pressures of American protectionism and the pressing need for strategic economic realignment. The recent announcement from the U.S. government regarding tariffs reaching up to 50% on imports from 185 countries—51 of......
Government spokesperson Mustapha Baitas reaffirmed the significance of the Morocco-U.S. partnership in response to concerns over the newly imposed 10% tariffs by the U.S. administration. He described the alliance as strategic and multifaceted, emphasizing Morocco’s unique position as the only African......
The Executive Board of the International Monetary Fund (IMF) has granted a new two-year agreement for Morocco under the Flexible Credit Line (FCL), amounting to approximately $4.5 billion, or 386% of the country's quota. According to a statement released on the IMF's official website, this agreement......
The Moroccan Minister of Energy Transition and Sustainable Development, Leila Benali, recently led a virtual meeting to discuss the progress of technical and economic studies related to the Morocco-France electrical interconnection project. This initiative is part of a strategic partnership aimed at......
In Morocco, cigarette prices have once again surged as of April 1, 2025. This increase predominantly affects local brands, particularly those produced by the Société marocaine des tabacs (SMT). The price hike ranges from 1 to 3 dirhams, depending on the brand. For instance, the cost of......
City officials in Fez have announced an ambitious initiative to enhance the city's video surveillance network as part of a comprehensive urban development strategy. This project, spearheaded by the Local Development Company Fez Region Planning (FRA), will allocate over MAD 140 million (approximately......
The United States' economic partners are closely watching President Donald Trump's announcement on April 2, 2025, regarding the imposition of stricter tariffs on imports from various countries. However, will Morocco be affected by this decision? According to economist Mohamed Benayad, an expert......
The ambitious Spain-Morocco undersea tunnel project, designed to connect Morocco’s Tangier with Spain’s Algeciras through the Strait of Gibraltar, is estimated to carry a hefty price tag of €15 billion, as reported by Spanish newspaper La Razón. This monumental initiative is......
Morocco’s port sector is on the cusp of significant transformation with a strategic partnership aimed at improving maritime services at the Mediterranean port of Nador West Med. The consortium formed by Marsa Maroc and Boluda Towage France has secured a 20-year authorization to provide towage and......
The Director-General of the International Labour Organization (ILO), Gilbert F. Houngbo, expressed his approval of Morocco's recently adopted strike law during a statement in Geneva. This law, validated by the Constitutional Court, is seen as a significant advancement in the nation’s socio-economic......
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