Economy
Rabat, Morocco – Morocco has climbed to fifth place in Africa for the number of active data centers, according to a report by Heirs Technologies. With eight operational data centers, the country shows a growing digital capacity driven by targeted investments and expanding connectivity. The 48-page......
A significant gold deposit has been uncovered near Guelmim in southern Morocco, marking a historic milestone for the country’s mining sector. OLAH Palace Trading, a mining exploration firm, announced highly promising results from recent fieldwork, uncovering an extensive network of 34 hydrothermal......
Moroccan diaspora remittances reached a historic high of MAD 119 billion ($12.8 billion) in 2024, reflecting a 3.3% increase from the previous year, according to Morocco’s Foreign Exchange Office. These financial inflows continue to play a critical role in Morocco’s economic strategy, contributing......
The United Arab Emirates has emerged as Morocco’s largest foreign investor in 2024, injecting MAD 3.1 billion ($310 million) into the economy, according to a report by Morocco’s Office des Changes. This represents 18.9% of Morocco's total net foreign direct investment (FDI), reflecting......
The European Bank for Reconstruction and Development (EBRD) has announced the appointment of Haytham Eissa as its new head in Morocco, succeeding Antoine Salle de Chou. Based in Casablanca, Eissa will oversee the bank’s investments and operations across the country. Commitment to Morocco's......
The discovery of high-grade gold veins in Guelmim, southern Morocco, marks a significant milestone in the country’s mining sector. Fieldwork has identified 34 quartz veins with exceptional gold content, positioning Guelmim as a potential hub for one of North Africa’s most promising gold deposits. High-grade......
Morocco’s economy expanded by 3.7% in 2023, showcasing resilience amid global challenges. However, a new report by the High Commission of Planning (HCP) reveals that the benefits of this growth were not evenly distributed across the country, with significant regional inequalities persisting. The......
Abdellatif Jouahri, Wali of Bank Al-Maghrib (BAM), has been recognized as one of the world’s leading central bank governors in the 2025 Central Banker Report Cards by the prestigious American financial magazine Global Finance. Jouahri received an “A” rating, placing him in an elite......
Morocco has emerged as a leading player in Africa's renewable energy landscape, ranking as the continent’s fourth-largest importer of solar panels from China. A new report highlights the country’s dedication to achieving its renewable energy targets, reinforcing its global reputation......
Morocco’s OCP Group, the world’s leading exporter of phosphates and fertilizers, has reported impressive financial growth for the second quarter of 2025, reflecting its pivotal role in global agriculture. Strong revenue growth OCP recorded revenues of MAD 30.57 billion (approximately $3......
In recent years, the relationship between Morocco and the Gulf states has evolved significantly, transitioning from political solidarity to a robust strategic partnership with far-reaching economic and developmental implications. This cooperation, built on mutual trust and shared interests, positions......
Despite Morocco’s efforts to stabilize commodity costs, red meat prices remain elevated across the country. The government’s measures, including suspending Eid Al Adha sacrifices and increasing cattle imports, have had limited success in curbing prices. Current market prices and challenges Beef......
Chinese automotive components manufacturer Heilongjiang Tianyouwei Electronics Co., Ltd. has unveiled plans to establish a wholly-owned subsidiary in Morocco, committing €65 million to the project. This significant investment signals a shift in Chinese automotive capital toward high-value segments,......
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