Economy
The M’diq port recorded 247 tonnes of coastal and artisanal fish landings in January, marking a 33% rise compared to the same period last year, according to the National Fisheries Office (ONP). The market value of these landings also surged by 49%, exceeding 15.25 million dirhams (MDH), up from......
Morocco's renewable energy production is expected to experience significant growth, with annual increases averaging 16% between 2025 and 2027, according to a recent report from the International Energy Agency (IEA). This expansion will boost renewables' share in the country's electricity......
Paraguay's meat industry is making strategic moves to expand its presence in Morocco's beef market, aiming to double its current exports of 4,500 tons. This expansion initiative comes as Morocco grapples with severe agricultural challenges due to prolonged drought conditions. Recent meetings......
Morocco is emerging as a key player in the automotive industry in Africa and the Mediterranean region, according to the Spanish daily Mundo Deportivo. The country has positioned itself as a major production and export hub, supplying vehicles to over 70 countries, including France, Spain, and Italy.......
More than two years after Morocco legalized cannabis-based products, the industry is experiencing significant growth, marked by the introduction of over 22 innovative, high-quality products. The national market now offers a diverse range of dietary supplements, including cannabis oil, which promotes......
Morocco is nearing a decision in its ambitious plan to procure 150 regional and commuter trains, with the Spanish company Construcciones y Auxiliar de Ferrocarriles (CAF) and South Korea’s Hyundai Rotem emerging as the final contenders. This follows the exclusion of Talgo, Alstom, and the Chinese......
H&S Invest Holding, chaired by Moncef Belkhayat, has taken a significant step in its growth strategy by acquiring a co-controlling 25% stake in GIDNA, a Moroccan company specializing in construction and public works. This move, pending approval from the Competition Council, aims to drive GIDNA’s......
A significant decline in Morocco's livestock population has prompted swift government action, including major import initiatives and support measures for local farmers. The national herd has decreased by 38% since 2016, as revealed by Agriculture Minister Ahmed Bouari during a recent press conference. The......
Casablanca's local authorities are set to launch an extensive project to triple the capacity of provincial road 3011. This 1.8-kilometer stretch connects the roundabout on Sidi Maârouf road to the overpass spanning the A1 highway. With an allocated budget of 42 million dirhams, the initiative......
In the context of reshaping trade exchanges, a delegation from the Korea Importers Association, led by its president Kim Byung Kwan, held a business forum and consultations in Rabat to explore new opportunities with Morocco. The aim was to secure supplies and reduce dependence on traditional markets. During......
Japan Tobacco International (JTI) has once again secured the prestigious title of "Top Employer" in Morocco, marking its fourth consecutive year of recognition. This accolade highlights the company's unwavering commitment to creating a work environment that prioritizes innovation, well-being,......
The franchise sector in Morocco is experiencing remarkable growth, with a consistent 25% annual increase that has caught the attention of international investors, according to Industry and Trade Minister Ryad Mezzour's announcement in Casablanca on Wednesday. Speaking at the Morocco Franchise Exhibition......
Bank Al-Maghrib has released the latest foreign exchange rates against the Moroccan dirham for Thursday, February 13, 2025. The rates include both buying and selling prices for major global currencies. The euro is trading between 9.8029 and 11.3925 dirhams, while the US dollar ranges from 9.3996 to......
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