Economy
The African Development Bank (AfDB) has approved over €300 million in funding to support Morocco’s economic development and job creation initiatives. The decision, announced by the AfDB’s Board of Directors, aims to strengthen the North African country’s resilience, competitiveness,......
Morocco has achieved a significant milestone by becoming the first left-hand drive market in Africa—and among the first globally—to welcome the compact Nissan Magnite SUV. Initially launched in 2020, the Magnite represents a key step for the automobile giant as it strengthens its presence......
Morocco’s economy demonstrated strong momentum in the first quarter of 2025, with GDP expanding by 4.8%, significantly outpacing the 3% growth recorded during the same period in 2024. According to the High Commission for Planning (HCP), this growth was driven by a rebound in agriculture, robust......
Morocco has reaffirmed its dedication to assisting small island developing states, least developed countries (LDCs), and landlocked nations through its South-South cooperation model. The announcement was made by Abdellah Laghmed, Morocco’s Deputy Permanent Representative to UN organizations in......
Morocco and Turkiye have signed two significant cooperation agreements aimed at enhancing road safety and revitalizing maritime transport. The memoranda of understanding (MOUs), signed in Istanbul on Friday, reflect the countries’ commitment to strengthening bilateral ties in the transport sector......
Moroccan ports handled 60.8 million tonnes of commercial traffic in the first quarter of 2025, reflecting a 10.2% year-on-year increase, according to the Directorate of Studies and Financial Forecasts. This growth underscores Morocco’s expanding role as a global logistics and trade hub. Transshipment......
A high-level Saudi delegation comprising over thirty investors and economic officials began an official tour of North Africa on June 29, focusing primarily on Morocco and Mauritania. Organized by the Saudi Chambers of Commerce Federation, the mission aims to strengthen bilateral economic ties and explore......
Morocco and Russia held discussions focused on expanding collaboration in civil aviation and road transportation during the Global Transport Connectivity Forum in Istanbul. Moroccan Transport and Logistics Minister Abdessamad Kayouh met with Russian Deputy Transport Minister Dmitry Zverev to explore......
Morocco is exploring a flexible and rapid solution to its increasing electricity needs by considering the import of up to 6,000 megawatts of power via floating power ships from Turkey. These ships, equipped with mobile power plants, offer a timely alternative amid growing pressure on conventional energy......
Morocco has embarked on a significant agricultural partnership with Jungnong Group, a Hong Kong-based subsidiary of China's Agricultural Development Group. This collaboration represents a pivotal move in Morocco's commitment to sustainable and technology-driven farming practices. Formalized......
Morocco has embarked on a bold reform of its public sector with the restructuring of the National Office of Hydrocarbons and Mines (ONHYM) into a joint-stock company. This transformation marks a pivotal step in the country’s broader efforts to enhance public investment, optimize national resources,......
British geoscience company Getech and energy transition firm Sound Energy have launched a groundbreaking joint venture in Morocco, HyMaroc Limited, aimed at unlocking the country’s natural reserves of hydrogen and helium. This new initiative positions Morocco as a key player in the global energy......
An economic expert, Yassin Alia, highlighted the key reasons for the UK government's decision to withdraw its support from the electric interconnection project with Morocco. He explained that this move reflects a shift in the UK's energy policy, despite the project having been promoted for years......
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