Economy
Moroccans spent nearly MAD 1 billion ($100 million) on rejected Schengen visa applications in 2024, sparking outrage over the financial and emotional toll of the process. Parliamentary debates have intensified, with lawmakers denouncing excessive fees, opaque procedures, and systemic barriers that disproportionately......
Morocco has solidified its position as a key player in the global automotive sector, with production figures reaching an impressive one million vehicles in 2025. This milestone places the country among the world’s top fifteen automotive manufacturers and establishes it as Africa’s leading......
Morocco has solidified its position as the third wealthiest nation in Africa, boasting approximately 7,500 millionaires, according to the Africa Wealth Report 2025 by Henley & Partners in collaboration with New World Wealth. This achievement highlights the country’s economic resilience and......
Morocco Strategic Minerals Corporation (TSXV: MCC) has reported significant results from its July sampling program at the Tifernine Copper Project, located southeast of Ouarzazate in Morocco. The Canadian exploration company highlighted high-grade copper mineralization across multiple structures within......
Morocco continues to dominate as Spain’s primary natural gas importer, solidifying its position in June 2025, according to the latest data from the Corporación de Reservas Estratégicas de Productos Petrolíferos (Cores). Morocco leads natural gas imports from Spain In June,......
The Asian Infrastructure Investment Bank (AIIB) has approved a $200 million loan to enhance Morocco's resilience to climate change, the Chinese Embassy in Morocco announced on Tuesday. The funding will support Morocco’s Nationally Determined Contribution (NDC) program, a cornerstone of the......
The National Office of Electricity and Drinking Water (ONEE) has launched a critical project aimed at addressing water scarcity in the Souss-Massa region. With a $13.2 million investment, this initiative seeks to secure the drinking water supply for Greater Agadir, aligning with Morocco's broader......
Morocco’s banking sector saw a marginal decline in liquidity needs, with demand falling 0.88% in July to an average of MAD 113 billion ($12.53 billion), compared to MAD 114 billion ($12.66 billion) in June. Bank Al Maghrib (BAM), the country’s central bank, intervened with a total of MAD......
Morocco has officially appointed Professor Zachary Douglas KC as its arbitrator in the $2.2 billion dispute with British mining company Emmerson Plc. The arbitration, overseen by the International Center for Settlement of Investment Disputes (ICSID), marks a critical step in a case that highlights the......
Morocco has stepped onto the global energy stage, presenting its ambitious $25 billion Gazoduc Pipeline project to American investors at the US-Africa Energy Forum in Houston, Texas. The forum, held on August 6–7 in the “Energy Capital of the World,” provided a pivotal platform for......
Morocco’s coastal and traditional fishing sector endured a challenging start to 2025, with production declining overall but showing pockets of growth in certain categories. Data from the National Office of Maritime Fishing reveals significant regional and species-based variations in performance. The......
Morocco is close to securing a $600 million agreement with Brazilian aerospace company Embraer to acquire KC-390 Millennium military transport planes, marking a significant step in modernizing its air force. The deal, expected to include four to five aircraft, signals Morocco's intent to replace......
The Moroccan dirham exhibited mixed performance in July 2025, strengthening by 1.3% against the US dollar while depreciating by 0.2% against the euro, according to the latest economic review by Bank Al-Maghrib (BAM). These shifts coincided with a 1.5% rise in the euro’s value against the dollar. The......
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