Economy
In a striking development, Morocco is set to become one of the world's top six wheat importers in 2024, according to a recent report from the United Nations Food and Agriculture Organization (FAO). This shift is a direct consequence of severe climatic conditions that have drastically reduced the......
In a comprehensive address, Fouzi Lekjaa, the Minister Delegate in charge of the Budget, outlined Morocco's strategic approach to tackling its external debt amidst prevailing geopolitical tensions and a global economic slowdown. His remarks offered a beacon of hope, outlining a pathway towards fiscal......
As the sacred occasion of Eid al-Adha approached, Morocco found itself grappling with a critical period marked by a confluence of economic and social challenges. Factors such as the soaring prices of sacrificial sheep and other essential commodities, coupled with rampant inflation, have profoundly impacted......
In a recent report from the National Office of Fisheries (ONP), Morocco's inshore and artisanal fishing sector witnessed a subtle downward shift in the first five months of 2024. The value of marketed products dipped by 1% to 4.37 billion dirhams, while the weight of these products declined by 7%......
Spain's CaixaBank and Cofides have committed to financing Acciona's ambitious endeavor to construct a new desalination plant in Morocco. Each organization will extend a loan of €31 million, supporting a project valued at a total of €650 million. This significant investment will be managed......
Amidst the lingering reverberations of the coronavirus pandemic, a recent survey conducted by the Arab Barometer has unveiled a disheartening reality: only one-third of Moroccans hold a positive view of their nation's economic situation. This sobering statistic resonates through the findings of the......
Morocco's National Judicial Agency, a stalwart guardian of state finances since its establishment in 1928, has announced the recovery of a staggering $7.2 million in misappropriated public funds during the fiscal year 2022. This achievement underscores the agency's unwavering commitment to safeguarding......
Anticipation builds as the Marhaba operation gears up for a surge of returning expatriates. In a significant development marking the commencement of the Marhaba 2024 operation, the first ship carrying approximately 220 Moroccan expatriates (MREs) arrived at the port of Al Hoceima on Saturday. This annual......
Morocco has secured the 113th spot among 188 nations in the latest 2024 World Citizenship Report, published by consultancy CS Global Partners. This comprehensive report evaluates countries based on five key motivators for high-net-worth individuals (HNWIs): safety, economic opportunity, quality of life,......
In a transformative move for Morocco’s energy sector, the Managem Group, an eminent Moroccan mining enterprise, has broadened its horizons by acquiring Sound Energy Morocco East Ltd. This acquisition signifies a pivotal expansion into the upstream natural gas market, underscoring the escalating......
Amidst a prolonged drought and a significant rain deficit over the past five seasons, the Moroccan National Office of Electricity and Drinking Water (ONEE) has issued a fervent call for the judicious use of drinking water during the upcoming Eid Al Adha festivities. The observance of Eid Al Adha, set......
In a financial transaction worth 307 million Moroccan dirhams, Compagnie de Transports au Maroc (CTM) has secured a 51% stake in Africa Morocco Link (AML), bolstering its position in the multimodal transport sector. CTM confirmed today, June 14, 2024, that it has acquired all the shares previously held......
Survey Attributes Lingering Financial Strain to Post-Pandemic Challenges In a recent survey conducted by the Arab Barometer, only one-third of Moroccans expressed optimism about their country's economic situation. The survey, which took place from December 2023 to January 2024, highlights the enduring......
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