Economy
In response to pressing economic challenges and significant ongoing reforms, Morocco's Prime Minister, Aziz Akhannouch, has issued a stern directive to his team, mandating stricter budget management. The primary goal is to limit operational expenditures while optimizing investments. Budgetary discipline......
Morocco is poised to significantly enhance its solar power capacity, with projections suggesting an increase from 0.32 GW to an impressive 4.35 GW by 2028, according to a recent report by SolarPower Europe. This assessment, supported by the Global Solar Council and Morocco’s Cluster EnR, outlines......
The Moroccan government has recently approved a decree aimed at modernizing the Highway Code and enhancing traffic regulations in anticipation of the FIFA World Cup 2030. This adjustment seeks to balance regulation, innovation, and accessibility within the transport sector. In a significant move, the......
Morocco is poised to become a pivotal player in the United Kingdom's clean energy ambitions, according to former UK Defence Minister Nick Harvey. In a recent article for PoliticsHome, Harvey emphasized the North African country's potential to support Britain's renewable energy goals, particularly......
Sonasid, Morocco’s leading steel manufacturer, has announced a remarkable net profit of MAD 151 million ($15.1 million) for the fiscal year 2024, representing a substantial 91% increase compared to the previous year. This impressive performance marks the best results the company has achieved since......
Doubts linger regarding the feasibility of the proposed tunnel between Spain and Morocco. To gather comprehensive data on the viability and costs of this megaproject, new studies have been commissioned to a German firm. The Spanish public company Ineco recently issued a call for tenders for the "feasibility......
The World Bank has approved a substantial $600 million to support the final phase of Morocco's human capital development program, aimed at enhancing national resilience and social welfare. This funding initiative focuses on four critical areas: strengthening resilience to health risks, improving......
Ryanair has announced its plans to launch a new flight route connecting Manchester, UK, to Rabat, Morocco, set to commence on March 30. This new service will operate twice weekly, marking Rabat as the fifth Moroccan destination accessible via direct flights from the northern English airport. With this......
During the sacred month of Ramadan, supermarkets experience a remarkable influx of shoppers, transforming these spaces into bustling hubs filled with anticipation, established habits, and a certain frenzy of purchasing. In Rabat, as in other locations, consumers flocked to stores from the very first......
In a significant move to bolster the textile industry, Moroccan Prime Minister Aziz Akhannouch presided over the signing of an investment agreement with the Chinese conglomerate Sunrise Group on March 20, 2025, in Rabat. This partnership aims to enhance the competitiveness of Morocco's textile sector......
The reconstruction efforts following the Al Haouz earthquake have made significant strides, with over 33,600 families having completed the reconstruction of their homes. Currently, 52,669 residences remain under construction. The government highlights notable advancements across various sectors, including......
Morocco's government is embarking on an ambitious plan to balance economic stability with essential social welfare investments. Minister of Economy and Finance, Nadia Fettah, recently announced that the country’s budgetary programming for 2025-2027 will prioritize reducing the budget deficit......
Spain’s second-largest bank, BBVA, has received approval from Morocco's central bank, Bank Al-Maghrib, for the indirect change in control of Banco Sabadell’s operations in the country. This development marks a significant step in BBVA's broader strategy to enhance its presence in......
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