Economy
Morocco’s industrial production surged in May 2025, signaling robust growth across most sectors, according to Bank Al Maghrib’s latest monthly industry survey. Factories operated at 78% capacity during the month, reflecting strong demand for manufactured goods. Growth across industries,......
Abdellatif Jouahri, Governor of Bank Al-Maghrib (BAM), Morocco’s Central Bank, emphasized the importance of international collaboration in advancing Islamic finance during the 23rd Forum on Islamic Financial Stability held in Rabat. The event, organized by BAM and the Islamic Financial Services......
Morocco's National Airport Authority (ONDA) has initiated a strategic restructuring of its leadership to propel its ambitious "Airports 2030" plan, aimed at modernizing the nation’s airport infrastructure to meet international standards. Leadership restructuring to drive transformation ONDA......
Global oil prices have seen a significant decline since April, yet Moroccans are feeling little relief at the pump. Amid growing frustration, many blame the government, particularly Prime Minister Aziz Akhannouch, who is also the founder of Afriquia, one of Morocco’s largest fuel distributors. Global......
A wholesaler in Dordogne, France, has been handed a one-year suspended sentence and a €50,000 fine for falsely labeling imported fruits as French products. The fruits, primarily sourced from Morocco, Portugal, and the Netherlands, included raspberries, blueberries, blackberries, chestnuts, and kiwis,......
ENGIE North Africa has announced the appointment of Rik De Buyserie as its new Chief Executive Officer, succeeding Loïc Jaegert-Huber. The leadership change signals a strategic pivot toward advancing sustainable energy solutions across the region. A vision for energy transformation De Buyserie,......
In May, Brazil recorded its second-highest monthly export of live cattle ever, shipping over 111,000 heads and generating nearly 105 million dollars in revenue. Morocco stood as the third-largest importer, purchasing more than 14,000 heads valued at over 16 million dollars, primarily sourced from the......
Morocco, the world leader in sardine canning, is grappling with an unprecedented crisis that endangers both its industrial foundations and the livelihoods of thousands of workers. The sector, which has long been a pillar of the national economy, is now under severe strain due to structural imbalances,......
A high-level delegation from the Federation of Saudi Chambers of Commerce (FSC), led by its president Hassan Al-Huwaizi, began an official visit to Morocco on Sunday. Comprising over 30 Saudi investors and representatives from government agencies, the visit aims to enhance economic cooperation and identify......
Morocco has cemented its position as one of Africa's leaders in public service delivery, ranking 6th in the continent according to the African Development Bank's (AfDB) 2024 Public Service Delivery Index (PSDI). The report underscores Morocco's achievements in socioeconomic inclusion, industrial......
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......
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