Economy
In 2024, trade between Morocco and Brazil saw a growth of 4.52%, reaching a total of $2.77 billion compared to $2.65 billion in 2023, according to the Arab-Brazilian Chamber of Commerce. This increase demonstrates a notable boost in bilateral relations, with a slight trade surplus of approximately $2.2......
Morocco’s economic outlook remains positive, with domestic demand expected to fuel a 4.2% growth in 2025, according to the latest projections from the High Commission for Planning (HCP). This follows an estimated 4.9% growth in 2024, highlighting the central role of domestic demand in sustaining......
A recent survey conducted by market research group Sunergia has uncovered significant gaps in retirement planning among Moroccans, highlighting widespread inequalities in access to pension coverage. The findings reveal that while 59% of Moroccans benefit from employer-provided retirement plans, a staggering......
After a challenging year marked by drought and slowed economic activity, Morocco’s economy is poised for a significant rebound in 2025, according to the latest projections from the High Commission for Planning (HCP). The recovery is expected to be driven by improvements in key sectors such as agriculture,......
A recent study by Morocco’s High Commission for Planning (HCP) reveals that only 11.1% of households are optimistic about their ability to save in the upcoming year. The overwhelming majority, 88.9%, indicate they cannot set aside any money, highlighting the persistent financial difficulties faced......
In a significant development for Morocco-Spain relations, the first commercial truck successfully crossed from Melilla into Morocco through the Beni Enzar customs post on Wednesday, marking the end of a six-year closure that began in August 2018. The vehicle, carrying approximately 600 kilograms of home......
Moroccan banks are poised for robust growth in the coming years, driven by favorable economic conditions, significant investments, and ongoing reforms, according to a recent report by Fitch Ratings. The financial sector is expected to maintain strong profitability through 2025 and 2026, as large infrastructure......
On Thursday, in Rabat, a meeting took place between the Moroccan Secretary of State for Agriculture, Maritime Fisheries, Rural Development, and Water and Forests, Zakia Driouich, and the Ambassador of Oman to Morocco, Khalid Ben Salem Bamkhalif. The discussion focused on the future of cooperation in......
In 2024, Morocco achieved a milestone by receiving €530 million in funding from the European Bank for Reconstruction and Development (EBRD) for 12 strategic projects. A significant 59% of this funding was directed toward initiatives promoting a green economy. Among these projects, the EBRD provided......
Morocco has marked a significant milestone in its financial technology sector with the launch of the Morocco Fintech Center (MFC) in Rabat. The center's inaugural board meeting, chaired by Bank Al-Maghrib Governor Abdellatif Jouahri, signals a coordinated push to advance the country's digital......
Morocco's National Office of Railways (ONCF) has unveiled plans to achieve record-breaking numbers in 2025, targeting 57 million passengers and revenue exceeding $500 million (MAD 5 billion). The strategic blueprint aligns with Morocco's preparations for hosting major sporting events, including......
Morocco’s industrial sector is entering a new phase with the launch of heavy-duty truck manufacturing, following its success in the automotive and aerospace industries. This new initiative is a result of a partnership between Premium Group and Chinese manufacturer Shacman, marking a significant......
Unilever has inaugurated its new offices at Casablanca Finance City (CFC), marking a significant expansion of its presence in Morocco. This strategic move builds upon the company's century-long history in the country and demonstrates its ongoing commitment to the North African market. The establishment......
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