Economy
Bank Al-Maghrib (BAM) has announced a significant reduction in the rate of counterfeit banknotes in circulation for 2024, marking a major achievement in Morocco’s ongoing efforts to combat counterfeiting. The rate dropped to 1.5 counterfeit notes per million banknotes, a considerable improvement......
Morocco’s Ministry of Tourism has announced a significant expansion of its Tourism Project Bank, which now includes over 900 initiatives spanning 60 provinces. Initially launched with 200 projects, the initiative aims to transform Morocco into a global tourism destination by fostering investment......
Morocco’s cybersecurity industry is undergoing rapid growth, driven by an escalating wave of cyber threats, widespread digital adoption, and significant public and private investments to bolster the nation’s digital infrastructure. A recent report by Ken Research titled “Morocco Cybersecurity......
Morocco has officially opened the first pan-African coffee center at the Tanger Med port complex, positioning itself as a vital link for African coffee exports to Europe, the United States, and Asia. This initiative marks a significant transformation in the coffee trade landscape, aiming to dismantle......
Al Barid Bank and Taptap Send have established a strategic partnership to enhance international money transfer services to Morocco, offering a fast, secure, and cost-effective solution for the Moroccan diaspora. This collaboration enables Moroccans residing in Europe, North America, Australia, the United......
In Marrakech, the 2025 International Mining Congress & Exhibition (IMC) opened with a bold message: Africa is indispensable to the world’s future, and it is taking control of its role in the global mineral economy. The event brought together industry leaders, policymakers, and international......
Morocco has joined global maritime leaders at the 34th Assembly of the International Maritime Organization (IMO), which commenced today in London. The high-level meeting brings together representatives from member states to shape the future of the maritime sector, a critical element of the global economy. Leading......
Morocco has signed a landmark investment agreement to establish a polysilicon production plant in Tan-Tan, marking the first major industrial project of its kind in the region. With an investment of MAD 8 billion (approximately $800 million), the plant is set to boost local development and position Morocco......
Port Dakhla Atlantique, a transformative infrastructure project with an estimated cost of MAD 15 billion ($1.65 billion), is steadily progressing toward its goal of becoming a major hub for Atlantic trade. With 46% of construction completed, this ambitious megaproject is set to enhance Morocco’s......
The Spanish government has officially tasked public engineering firm Ineco with designing the reconnaissance gallery for the long-awaited Morocco-Spain tunnel project, marking a significant milestone in the decades-old initiative. This ambitious undertaking envisions a railway connection under the Strait......
Morocco’s Industry Minister, Ryad Mezzour, highlighted the country’s remarkable industrial transformation over the last 20 years at the 21st UN Industrial Development Organization (UNIDO) conference held yesterday in Riyadh, Saudi Arabia. His address underscored Morocco’s advancements......
Morocco’s port activity recorded significant momentum in 2024, with national maritime traffic reaching 241.2 million tonnes, a 15.2% increase compared to the previous year, according to data from the Directorate of Ports and Maritime Public Domain. The surge underscores the growing weight of the......
Spain’s imports of Moroccan fruits and vegetables have risen sharply during the first eight months of 2025, reshaping the Spanish market and heightening concerns among local producers. Recent data from the Spanish customs administration, analyzed by the Federation of Spanish Exporters and Importers......
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