Economy
Spain and Morocco's bilateral trade has shown remarkable growth in the first ten months of 2024, according to recent data from the Spanish State Secretariat for Trade. Spanish exports to Morocco reached €10.843 billion, marking a 6.8% increase, while Moroccan exports to Spain grew by 9.1% to......
Morocco has solidified its position as Spain's primary source of fresh fruits and vegetables, with exports reaching EUR 801 million between January and October 2024. This represents a significant 13% growth compared to the same period in 2023, according to Hortidaily reports. Spanish fresh produce......
Religious pilgrims in Morocco are grappling with a dramatic increase in Umrah package costs, with prices soaring up to 50% compared to previous years. The price hike affects travel packages to the holy cities of Mecca and Medina during the spiritually significant months of Shaban and Ramadan. According......
Morocco's Minister of Energy Transition and Sustainable Development, Leila Benali, presented an ambitious new sustainable mining initiative at the 4th International Mining Ministers Meeting in Riyadh. The proposal, dubbed the "OTC Corridor" (Origin, Transit, and Certification), aims to......
The Islamic Center for Development of Trade (ICDT) will convene its 23rd annual meeting of Economic Advisors from Organization of Islamic Cooperation (OIC) member states on January 23 in Rabat, Morocco. The gathering brings together diplomatic representatives to discuss trade initiatives and economic......
Morocco's domestic demand demonstrated remarkable strength in the fourth quarter of 2024, posting a 5.4% increase and emerging as a key driver of the nation's economic expansion, according to Morocco's High Commission for Planning (HCP). This robust domestic performance contributed significantly......
Morocco's comprehensive fiscal reforms have driven remarkable growth in tax revenue, reaching MAD 299 billion ($29.5 billion) in 2024, marking a significant increase from MAD 199 billion ($19.5 billion) in 2020. This surge in revenue has enabled substantial investments in social welfare programs,......
A recent analysis by the US National Intelligence Council highlights Morocco as one of the nations expected to experience significant economic growth in the coming years, joining the ranks of emerging "economic tigers." This term refers to countries that are poised for rapid economic transformation,......
In alignment with Morocco’s economic transformation, the Ministry of Industry and Commerce is committed to boosting female participation in the workforce, targeting a 45% female employment rate by 2035. Through its "Made in Morocco" initiative, the Ministry is working to enhance industrial......
Morocco is implementing a strategy aimed at creating a robust national maritime industry by 2030, positioning the country among the world’s top maritime nations through the development of a competitive fleet. Historically, the country did not prioritize its maritime assets, particularly military......
Rabat – Trade relations between Spain and Morocco continue to flourish, with recent data indicating a likely fourth consecutive year of record-breaking foreign trade between the two countries. Reports highlight Morocco's strong trade performance with Spain, emphasizing the robust bilateral......
Between January 02 and 08, 2025, the Moroccan dirham showed a positive trend, appreciating by 1.4% against the euro and 0.6% against the US dollar, according to Bank Al-Maghrib (BAM). During this period, no foreign exchange operations were conducted, as highlighted in BAM's weekly report. As of......
The United Nations has forecast positive economic momentum for Morocco, projecting steady growth in the coming years according to its latest economic assessment released Thursday. In its comprehensive "World Economic Situation and Prospects 2025" report, the UN anticipates Morocco's Gross......
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