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Economy
A comprehensive market study by Sunergia and L'Economiste has unveiled significant disparities in car ownership across Morocco, highlighting notable urban-rural divides and generational patterns in vehicle acquisition and maintenance. The research indicates that only 30% of Moroccan households own......
Morocco is set to implement significant price increases on cigarettes in 2025, with entry-level brands bearing the brunt of the adjustment as part of the government's broader tax reform strategy. The move aims to create a more balanced tobacco market by reducing the price disparity between budget......
Credit Agricole of Morocco (CAM) has concluded 2024 with a robust MAD 1 billion ($100 million) subordinated bond issuance, signaling strong market confidence in the institution's financial standing. The December 31 operation was strategically structured into two equal tranches of MAD 500 million......
Banque Centrale Populaire (BCP) has successfully concluded a MAD 1.2 billion ($118.9 million) perpetual subordinated bond issue, marking a significant achievement under the guidance of Naziha Belkeziz, Morocco's first female bank CEO. The offering, which ran from December 25-27, 2024, garnered exceptional......
Morocco's international trade performance showed mixed signals through November 2024, as the nation's trade deficit expanded to MAD 275.74 billion ($26.8 billion), marking a 6.5% increase from the previous year's MAD 258.83 billion ($25.1 billion). Trade data from the Exchange Office reveals......
Morocco's latest tax amnesty program has concluded with exceptional results, attracting declarations of MAD 100 billion ($10 billion) in previously undeclared assets. This historic achievement marks a twentyfold increase compared to the 2020 amnesty results, significantly surpassing the government's......
Montreal-based Aya Gold & Silver Inc. has marked a significant achievement by reaching commercial production at its expanded Zgounder silver mine in Morocco, while announcing plans for an additional $50 million investment in the country. The company's new processing plant, which began construction......
Morocco's Head of Government Aziz Akhannouch and banking magnate Othman Benjelloun maintain their positions among global billionaires, according to Forbes' latest rankings. Akhannouch's net worth stands at $1.6 billion, securing the 1999th position globally and 14th in Africa, while Benjelloun......
Morocco's industrial sector demonstrated subtle economic shifts in November 2024, with the Industrial Producer Price Index Excluding Petroleum Refining recording a modest 0.1% increase, according to recent data from the High Commission for Planning (HCP). The food industry emerged as the strongest......
Morocco's economic landscape faces significant challenges as Employment Minister Younes Sekkouri addressed the pressing issue of unemployment, which has reached 21%, during a recent parliamentary session. The situation is particularly concerning given that approximately 900,000 people—two-thirds......
Morocco's expatriate community continues to make substantial contributions to the national economy, with diaspora remittances reaching MAD 108.67 billion ($10.7 billion) by November 2024, according to recent data from Morocco's Office of Foreign Exchange. This represents a 2.8% increase compared......
Morocco has taken a bold step toward regulating cryptocurrencies, signaling a significant shift in its approach to these digital assets. For years, the country maintained a firm stance against cryptocurrency transactions, prohibiting them since 2017. Financial authorities cited concerns over consumer......
Morocco's economy demonstrated resilient growth in the third quarter of 2024, expanding by 4.3% compared to 3% in the same period last year, according to data released by the High Commission for Planning (HCP). The growth trajectory was primarily fueled by robust performance in the secondary sector,......
