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Economy
Government spokesperson Mustapha Baitas reaffirmed the significance of the Morocco-U.S. partnership in response to concerns over the newly imposed 10% tariffs by the U.S. administration. He described the alliance as strategic and multifaceted, emphasizing Morocco’s unique position as the only African......
The Executive Board of the International Monetary Fund (IMF) has granted a new two-year agreement for Morocco under the Flexible Credit Line (FCL), amounting to approximately $4.5 billion, or 386% of the country's quota. According to a statement released on the IMF's official website, this agreement......
The Moroccan Minister of Energy Transition and Sustainable Development, Leila Benali, recently led a virtual meeting to discuss the progress of technical and economic studies related to the Morocco-France electrical interconnection project. This initiative is part of a strategic partnership aimed at......
In Morocco, cigarette prices have once again surged as of April 1, 2025. This increase predominantly affects local brands, particularly those produced by the Société marocaine des tabacs (SMT). The price hike ranges from 1 to 3 dirhams, depending on the brand. For instance, the cost of......
City officials in Fez have announced an ambitious initiative to enhance the city's video surveillance network as part of a comprehensive urban development strategy. This project, spearheaded by the Local Development Company Fez Region Planning (FRA), will allocate over MAD 140 million (approximately......
The United States' economic partners are closely watching President Donald Trump's announcement on April 2, 2025, regarding the imposition of stricter tariffs on imports from various countries. However, will Morocco be affected by this decision? According to economist Mohamed Benayad, an expert......
The ambitious Spain-Morocco undersea tunnel project, designed to connect Morocco’s Tangier with Spain’s Algeciras through the Strait of Gibraltar, is estimated to carry a hefty price tag of €15 billion, as reported by Spanish newspaper La Razón. This monumental initiative is......
Morocco’s port sector is on the cusp of significant transformation with a strategic partnership aimed at improving maritime services at the Mediterranean port of Nador West Med. The consortium formed by Marsa Maroc and Boluda Towage France has secured a 20-year authorization to provide towage and......
The Director-General of the International Labour Organization (ILO), Gilbert F. Houngbo, expressed his approval of Morocco's recently adopted strike law during a statement in Geneva. This law, validated by the Constitutional Court, is seen as a significant advancement in the nation’s socio-economic......
The Office National des Chemins de Fer (ONCF) has awarded two construction contracts to the Italian company Generale Costruzioni Ferroviarie (GCF) for the extension of the high-speed rail line connecting Tangier and Kenitra to Marrakech. GCF will lead a consortium that includes its subsidiaries Transalpes......
The Casablanca Stock Exchange's main index, the MASI (Moroccan All Shares Index), experienced a remarkable surge of 20.19% in the first quarter of 2025, concluding at 17,756.02 points. This impressive performance is a continuation of a strong start to the year, marked by a 2.13% rise on the very......
The latest Forbes World’s Billionaires list reveals Morocco's rising economic stature, with three prominent figures making their mark among the 3,028 global billionaires. This year, Morocco ranks third in Africa for billionaire representation, trailing South Africa and Nigeria. Othman Benjelloun,......
Tamwilcom, Morocco’s state-owned financial institution, has reported impressive financial results for 2024, mobilizing a total of MAD 47.5 billion (approximately $4.75 billion) across 82,200 operations. This achievement includes commitments amounting to MAD 28 billion ($2.8 billion). In a notable......
