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Economy
A recent investigation by StreetPress has highlighted the alarming exploitation of Moroccan agricultural workers in the Lot-et-Garonne region of southwestern France. This report exposes the harsh realities faced by these workers, who were reportedly charged €14,000 each for seasonal work contracts......
Morocco has achieved remarkable progress in its urban planning initiatives, surpassing 90% coverage of local municipalities. Currently, 1,341 out of 1,503 communes are operating under approved urban planning documents, reflecting a significant commitment to effective land management and sustainable development. According......
Morocco’s National Ports Agency (ANP) has initiated an international tender for a 30-year concession to operate what will become Africa’s largest shipyard in Casablanca. This ambitious project, valued at $300 million, aims to replicate Morocco’s success in automotive manufacturing by......
The Moroccan Agency for Investment and Export Development (AMDIE) organized the “Morocco Now” Economic Day in Dubai, emphasizing the growing economic relationship between Morocco and the United Arab Emirates (UAE) under the theme “From Vision to Action: Morocco and the Emirates Charting......
Preliminary studies are officially underway in Morocco to define the technical specifications and financial arrangements for a new highway project linking Marrakech to Fès via Beni Mellal and Khénifra. The estimated cost of this infrastructure is approximately 28 billion dirhams. According......
Morocco and Spain have recently formalized two significant agreements aimed at advancing the Strait of Gibraltar crossing project. Signed on Thursday in Madrid, these agreements emphasize cooperation in digitalization, engineering, and educational initiatives. The Moroccan delegation, led by Abdelkabir......
The liquidity deficit in Morocco’s banking system has surged by 21.9%, reaching MAD 168.3 billion during the week of April 3 to 9. This significant rise highlights tightening conditions within the money market. According to BMCE Capital Global Research (BKGR), the deficit’s increase follows......
The National Initiative for Human Development (INDH) has planned approximately 8,200 projects in the Casablanca-Settat region between 2019 and 2024, with a total budget of nearly 4.3 billion dirhams (MMDH). Of these projects, 6,380 have been completed, accounting for 78%, with the INDH contributing 3......
Italian pharmaceutical and nutraceutical company PharmaNutra has recently made significant strides in its international expansion by signing agreements to distribute its health products in Morocco, Bahrain, and Peru. This development marks a key milestone as the company continues to grow its presence......
The European Bank for Reconstruction and Development (EBRD) has joined forces with the European Union (EU) and the Moroccan financing institution Finéa to provide essential support to small businesses in regions impacted by the devastating Al Haouz earthquake. On September 8, 2023, a powerful......
On Wednesday, the Deposit and Management Fund (CDG) of Morocco and the Jordan Industrial Estates Company (JIEC) signed a memorandum of understanding (MoU) in Madaba, Jordan. This MoU aims to foster a strategic partnership for developing the industrial sectors of both countries and enhancing their economic......
The Moroccan Agency for Investment and Export Development (AMDIE) has been honored as the Best Investment Promotion Agency in the MENA region during the Annual Investment Meeting (AIM 2025) held in Abu Dhabi. This recognition underscores AMDIE's significant role in promoting investment and exports......
Standard Chartered Plc is contemplating a strategic expansion into Morocco as part of its growth initiative across key African markets. This move aligns with the London-based bank's broader objective to enhance its wealth management and transaction banking services throughout the continent. Chris......
