Economy
Morocco's mosque infrastructure is set to expand significantly in 2025, with the Ministry of Endowments and Islamic Affairs allocating MAD 154.6 million for mosque construction projects across the country. Minister Ahmed Toufiq announced that the funding will support the completion of 23 existing......
Following the successful public debut of irrigation company CMGP, Morocco has unveiled plans to triple the number of companies listed on the Casablanca Stock Exchange by 2035. CMGP's December 2024 initial public offering (IPO) saw its stock value surge 75% post-listing, drawing unprecedented investor......
A British energy firm's commitment to Morocco's natural gas sector remains steadfast as significant reserves await development. Sound Energy's Executive Chairman Graham Lyon revealed in a recent Attaqa interview that the country's gas potential surpasses 20 trillion cubic feet, highlighting......
Morocco's economic growth is projected to reach 3.9% in 2025, following an estimated 3.2% expansion in 2024, according to the International Monetary Fund (IMF). This outlook was presented by Roberto Cardarelli, head of the IMF mission to Morocco, during recent consultations conducted from January......
A recent UN Trade and Development (UNCTAD) report highlights Morocco's strategic position in Africa's economic landscape while identifying key challenges and opportunities for growth. The 2024 Economic Development in Africa Report emphasizes how targeted reforms and investments could strengthen......
Morocco's date market is experiencing a significant shift as the country increases imports ahead of Ramadan, with Egyptian products dominating local marketplaces. This development comes as Morocco grapples with drought conditions affecting domestic palm date production. Agriculture Minister Ahmed......
In a speech delivered in Paris, Morocco’s Minister for Digital Transition and Public Administration Reform, Amal El Fallah Seghrouchni, invited Moroccan talents worldwide to join the Kingdom’s "momentum of dynamism and transformation." Highlighting the government's commitment......
In a significant development for regional transportation, Mauritania has introduced a three-month multi-entry visa for Moroccan professional drivers engaged in international road transport. This new measure, announced by the Moroccan Embassy in Mauritania, applies to drivers operating between Morocco......
The Moroccan dirham experienced a minor depreciation of 0.2% against both the Euro and US dollar during the period of January 30 to February 5, according to Bank Al-Maghrib (BAM). This modest decline follows a period of exchange rate stability in the previous week. The central bank's weekly bulletin......
Morocco's ambitious railway infrastructure development has taken a significant step forward as French construction company Colas secures three major contracts worth €430 million to expand the country's high-speed rail network between Kenitra and Marrakech. The project, aimed at enhancing......
Despite active exploration efforts and international investment, Morocco's quest to develop substantial natural gas resources continues to yield modest results in the face of rising domestic energy consumption. Sound Energy CEO Graham Lyon highlighted the challenges and opportunities in the country's......
Stellantis's manufacturing facility in Kenitra, Morocco, has launched production of Automated Guided Vehicles (AGVs), marking a significant advancement in the region's automotive manufacturing capabilities. The plant aims to produce 1,000 AGVs annually, according to Faro de Vigo. The AGV workshop......
Morocco's traditional handicraft industry has emerged as a significant economic powerhouse, generating annual revenues of MAD 140 billion ($14 billion) and contributing 7% to the national Gross Domestic Product. Secretary of State for Handicrafts Lahcen Saadi presented detailed data during a meeting......
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