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Economy
The National Customs Brigade has ramped up efforts in collaboration with the Royal Gendarmerie to dismantle a network specializing in the counterfeiting of motor oils and spare parts in several peripheral areas of Casablanca, including Lahraouiyine, Bouskoura, and Sidi Hajjaj. This network has converted......
The recent imposition of sweeping tariffs by U.S. President Donald Trump has sent shockwaves through global markets, particularly affecting long-standing U.S. trading partners like the European Union, Japan, and South Korea. However, several countries, including Brazil, Egypt, Singapore, and Turkey,......
Tangier is on the verge of becoming Morocco’s fourth city to implement a tramway system, following the announcement of an ambitious MAD 8.4 billion ($840 million) project. This initiative, which has been in the works since 2014, is now being propelled by the forthcoming 2030 World Cup, which Morocco......
The Caisse Nationale de Sécurité Sociale (CNSS) has announced the implementation of the retirement pension and contribution refunds starting from May 1, 2025, with retroactive effect from the retirement date. According to the provisions of decree 2.25.265, individuals who retire between......
Morocco is aiming to significantly increase its exports to Egypt by 2026, with a target of $500 million, up from just $75 million in 2024. This impressive growth is central to ongoing bilateral discussions as both Rabat and Cairo seek to address a concerning trade imbalance. To achieve this goal, the......
Casablanca is set to welcome prominent leaders from the poultry industry during the Annual International Poultry Council (IPC) Meeting, scheduled for April 7-10, 2025. This significant event, organized in collaboration with Morocco’s Interprofessional Federation of the Poultry Sector (FISA), aims......
In a recent interview with The Korea Times, Chafik Rachadi, Morocco’s ambassador to South Korea, highlighted the deepening economic relations between Rabat and Seoul, underscored by a landmark $1.5 billion agreement between Morocco’s national railway operator (ONCF) and Hyundai Rotem. Ambassador......
Spain now recognizes Morocco as a key strategic ally in facing the challenges of global competition. Far from being rivals, the two countries have forged a powerful partnership in critical sectors that are shaping the future. In an analysis titled “Spain and Morocco: Strategic Allies in the Face......
A delegation led by Chilean Senate President Manuel José Ossandón met with Mohamed Ould Errachid, President of Morocco’s House of Councilors, in Laayoune on Thursday. This high-level meeting occurred during the Andean Parliament’s historic session in Morocco and focused on expanding......
A significant geological discovery has emerged in the Meknès region, unveiling a tin deposit estimated at over 39 million tons. This site, located at the heart of the Achmach mining project, has captured the attention of international experts and could reposition Morocco on the global stage of......
Mohammed Hussein Al Amoudi, the Saudi billionaire and former owner of Morocco's Samir refinery, is currently pursuing the enforcement of an award from the International Centre for Settlement of Investment Disputes (ICSID) against Morocco. This effort aims to resolve a prolonged legal dispute with......
Air Arabia Maroc has announced the introduction of a direct flight route connecting Nador and Murcia, set to commence on May 3. This initiative is part of the airline's broader strategy for international expansion. The new service will operate three times each week, specifically on Mondays, Tuesdays,......
Al Barid Bank has announced remarkable financial results for the year 2024, with its Group Net Profit reaching MAD 871.38 million ($87.14 million), reflecting a staggering 196% increase compared to 2023. This impressive performance was unveiled during a Supervisory Board meeting on March 28. The bank's......
