Economy
Two decades after the United States and Morocco inked their Free Trade Agreement (FTA), the economic landscape presents a mixed picture. While bilateral trade has surged from $1.3 billion in 2006 to $5.5 billion in 2023, the anticipated economic windfall for Morocco remains elusive, according to a recent......
Despite the challenges, the report noted that the risks of runaway inflation have diminished, with Morocco maintaining a relatively stable economy compared to other countries facing similar pressures. Morocco has managed to avoid a wage-price spiral despite the persistent inflationary pressures in 2023,......
Morocco's economic landscape reveals significant regional variations, with five regions surpassing the national average GDP per capita of 36,284 Moroccan dirhams (MAD) in 2022, according to a recent report from the High Commission for Planning (HCP). The southern region of Dakhla-Oued Eddahab stands......
The enchanting aromas of Moroccan cuisine once again waft through EPCOT's World Showcase as a beloved dining destination makes an unexpected comeback. Restaurant Marrakesh, long dormant since the 2020 pandemic, has temporarily reopened its ornate doors to welcome visitors during the park's popular......
Morocco's economic landscape in 2022 revealed stark regional disparities, with nearly 60% of the nation's wealth concentrated in just three regions, according to data released by the High Commission for Planning (HCP). This concentration highlights the challenges of balanced economic development......
Morocco's National Railway Office (ONCF) has announced a significant boost in passenger traffic and revenue for the first half of 2024, marking a notable upswing in the country's rail transportation sector. The state-owned railway operator reported a 7% increase in passenger numbers, with 26.4......
Indonesia-Morocco relations have been steadily strengthening since 2013 when the two nations established a joint commission to enhance cooperation in investment, tourism, trade, and human resources. This bilateral commitment was further solidified at the second Indonesia-Africa Forum (IAF) held in Bali......
Morocco's air transport sector has achieved a significant milestone, welcoming a record 18.1 million passengers in the first seven months of 2024, according to the Directorate of Studies and Financial Forecasts (DEPF) under the Ministry of Economy and Finance. This marks an impressive 18.5% increase......
The African Atlantic Pipeline project, a groundbreaking initiative connecting Nigeria and Morocco, is advancing "extremely favorably," according to Amina Benkhadra, Director General of Morocco’s National Office of Hydrocarbons and Mining (ONHYM). This ambitious endeavor aims to bolster......
The World Bank has reinforced its commitment to fostering economic growth and development in the Maghreb region with the appointment of Ahmadou Moustapha Ndiaye as the new Regional Director for the Maghreb and Malta. This strategic move signals an intensified focus on supporting economic reforms and......
Morocco and Senegal have taken a significant step towards strengthening their partnership in the transportation sector. On Thursday, the two nations signed two framework cooperation agreements aimed at boosting railway development, marking a new chapter in their bilateral relations. The agreements were......
In a strategic move to bolster Morocco's economy, Head of Government Aziz Akhannouch has announced a renewed focus on investment and job creation for the second half of his term. Speaking at a Government Council session in Rabat, Akhannouch outlined a vision that balances economic growth with social......
Marsa Maroc, a prominent Moroccan port operator, has achieved significant financial success in the first half of 2024, with revenue increasing by 17% to 2.48 billion Moroccan dirhams (about $247 million USD). This performance exceeded initial projections and was fueled by a 14.5% rise in cargo traffic,......
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