Economy
Bank Al-Maghrib (BAM), Morocco’s central bank, concluded 2024 as one of its most profitable years, recording a net profit of MAD 6.46 billion. This marks a 27% increase compared to the MAD 5.1 billion reported in 2023, despite rising operational expenses and economic challenges. Key drivers of......
The United States is moving forward with a $5 billion investment plan aimed at fostering socio-economic development in Morocco’s southern provinces, located in the disputed Sahara region. The initiative underscores Washington’s ongoing support for Morocco’s territorial integrity and......
Moroccans have spent over MAD 15.5 billion ($1.69 billion) on international travel during the first six months of 2025, according to data released by the Moroccan Exchange Office. This figure marks an 8.2% increase compared to the MAD 14.33 billion ($1.56 billion) spent during the same period in 2024. The......
Morocco’s tax amnesty program significantly slowed the growth of cash in circulation in 2024, according to Bank Al-Maghrib’s (BAM) annual financial report. The initiative, launched by the General Directorate of Taxes, reduced the growth rate of banknotes and coins in circulation to 8%, down......
Transavia has announced the introduction of a new air route connecting Amsterdam Airport Schiphol to the Moroccan city of Oujda. The route will operate twice a week, on Wednesdays and Sundays, starting December 10, 2025. Seasonal operations and high demand The service will run until January 11, 2026,......
Morocco and Senegal are strengthening their economic partnership, advancing a shared Pan-African co-development vision. Bilateral trade between the two nations surged from $98.5 million in 2010 to $370 million in 2024, underscoring their growing collaboration based on mutual trust, solidarity, and economic......
Morocco's aerospace industry has continued its remarkable growth, with exports reaching MAD 14.13 billion ($1.41 billion) during the first six months of 2025, an 8.8% increase compared to the same period last year, according to the Office des Changes. Decade of transformative growth The sector’s......
Casablanca – The Casablanca Stock Exchange opened higher on Thursday, July 31, 2025, with its benchmark index, the MASI, rising by 0.3% to 19,505.4 points, reflecting positive investor sentiment. The MASI 20 index, which tracks the 20 most liquid stocks, also climbed by 0.37% to reach 1,604.03......
Morocco's trade deficit has expanded considerably in the first half of 2025, climbing to MAD 161.86 billion ($17.81 billion) compared to the same period last year, according to recent data from the Foreign Exchange Office. This increase of 18.4% is attributed to a faster rise in imports relative......
Thousands of Spanish drivers are flocking to Morocco for vehicle repairs, drawn by dramatically lower costs for labor and parts. The trend has grown rapidly as drivers combine holidays with essential maintenance, capitalizing on Morocco’s affordable and efficient automotive services. A booming......
His Majesty King Mohammed VI, accompanied by Crown Prince Moulay El Hassan and Prince Moulay Rachid, received Abdellatif Jouahri, Governor of Bank Al-Maghrib, at the Royal Palace in Tetouan on Tuesday. Jouahri presented the central bank’s annual report, outlining Morocco’s economic, monetary,......
In his Throne Day speech commemorating the 26th anniversary of his ascension to the throne, His Majesty King Mohammed VI outlined Morocco's significant economic transformation and progress in addressing water security challenges. The monarch emphasized the nation’s achievements in industrial......
Morocco’s beer production has experienced a notable decline, positioning the country as a modest player in regional and global beer markets. A recent report by BarthHaas, a leading global hops supplier, revealed that Morocco produced 818,000 hectoliters of beer in 2024, a drop from 835,000 hectoliters......
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