Economy
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......
Morocco has been selected to host the 5th Global Implementation Support Symposium (GISS) for civil aviation in Marrakech in April 2026, as announced at the closing ceremony of the 4th edition in Abu Dhabi. The event, organized by the UAE General Civil Aviation Authority and the International Civil Aviation......
Tomato prices have soared this week at Casablanca's wholesale market, climbing by 1.30 DH/kg to reach 6.80 DH/kg, compared to 5.50 DH/kg the previous week. Other vegetables have followed a similar upward trend. Onions and courgettes recorded price increases of 0.50 DH/kg and 1.50 DH/kg, respectively,......
Minister of Industry Ryad Mezzour emphasized the pivotal role of Morocco’s industrial sector in the national economy, revealing that it employs 1.1 million workers and encompasses approximately 13,000 companies. Speaking during a session at the House of Councillors, the minister highlighted the......
The Tanger Med port complex continues to experience strong growth, achieving a record revenue of 4 billion dirhams in 2024, marking a 10% increase year-on-year. In the fourth quarter alone, the port generated 1.016 billion dirhams, reflecting a 9% growth compared to the same period in 2023. The year......
Morocco's economy is poised for robust growth of 3.9% in 2025, building on its 3.2% expansion in 2024, as the International Monetary Fund advises the nation's central bank to implement an inflation-targeting framework and enhance debt reduction initiatives. The country has demonstrated remarkable......
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