Economy
In a remarkable stride towards energy self-sufficiency, Morocco's electricity production increased by 3% by the end of April 2024, marking a stark contrast to the 1.9% decline recorded a year prior, according to data from the Directorate of Financial Studies and Forecasts (DEPF). This surge in power......
In a significant development for African air travel, Royal Air Maroc (RAM) has inaugurated a direct flight route between Abuja and Casablanca, marking a new chapter in Morocco-Nigeria relations. The maiden flight took off from Nnamdi Azikiwe International Airport in Abuja on Sunday, heralding an era......
Core inflation in Morocco experienced a notable rise of 2.2% in May 2024 compared to the same month last year, as reported by the High Commission for Planning (HCP). This increase underscores persistent inflationary pressures within the Moroccan economy, even as the broader Consumer Price Index (CPI)......
The Global Cities Index also highlights Rabat, Agadir, and Marrakech among other Moroccan cities. Casablanca has emerged as the most attractive city in North Africa, according to the Global Cities Index 2024 by Oxford Economics. The Moroccan economic hub has been ranked 442nd out of 1,000 cities worldwide......
Disparities Deepen as Morocco’s Poor Bear the Brunt of Economic Crises Morocco’s recent economic challenges have disproportionately affected its least affluent citizens, according to a comprehensive report by the High Commission for Planning (HCP). The report highlights how the COVID-19......
London-based Energean PLC divests Egyptian, Italian, and Croatian portfolios in a $945 million deal, aiming to sharpen its focus on Moroccan assets. In a strategic move poised to reshape its global footprint, Energean PLC, headquartered in London, has announced the sale of its portfolios in Egypt, Italy,......
In a market that ebbs and flows with the rhythms of the seasons, Morocco remains a significant importer of dates during the 2023/2024 campaign, as revealed by the latest report from the specialized platform EastFruit. Despite robust figures, the Kingdom may witness slightly lower imports compared to......
In a remarkable display of dominance, Morocco and Spain have emerged as the reigning tomato titans, each exporting an impressive 658.7 million kilos in 2023, according to the specialized portal Hortoinfo. This achievement is all the more notable considering the relentless drought that has gripped the......
In a strategic move aimed at bolstering Europe's electric vehicle (EV) industry, Volkswagen has identified Morocco as a pivotal center for battery production. This decision underscores the pressing need to address the supply chain gaps that have hindered Europe's efforts to establish a robust......
Rabat's Strategic Move: How Morocco Became a Key Customer for Spanish Gas In a significant turn of events, the Spanish government's decision to reopen the Maghreb-Europe gas pipeline two years ago, reversing its flow to supply gas to Morocco, has redefined the energy dynamics in the region.......
As summer approaches, Royal Air Maroc (RAM), Morocco's national airline, is gearing up for an anticipated surge in passenger demand by significantly enhancing its network and seat capacity. The airline's strategic expansion aims to provide travelers with more options and improved connectivity......
In a pioneering move set to revolutionize Morocco's trade relations with its African counterparts, the Customs and Indirect Tax Administration (ADII) has announced the digitalization of the application process for certificates of origin for Moroccan products destined for export to countries within......
In the ever-shifting landscape of global living expenses, Casablanca and Rabat, two of Morocco's vibrant metropolitan centers, have emerged as affordable havens for expatriates in the Middle East and North Africa (MENA) region. The latest cost-of-living survey by Mercer, a renowned authority in the......
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