Economy
Valerius Morocco has inaugurated a new textile manufacturing plant in Salé, marking a strategic expansion in Morocco’s fast-fashion ecosystem. The facility, launched in the presence of His Majesty King Mohammed VI’s Minister of Industry and Commerce Ryad Mezzour, represents a $10.27......
Remittances from the Moroccan diaspora dropped by 3.7% by the end of April 2025 compared to the same period in 2024, according to the latest data from the Exchange Office. The total volume of funds sent home fell from MAD 37.27 billion ($4 billion) to MAD 35.9 billion ($3.88 billion), marking a decrease......
Morocco has rapidly emerged as one of the leading markets for Russian wheat exports in recent years, joining other growing destinations such as Nigeria, Kenya, Libya, Tunisia, and Tanzania. Dmitry Sergeyev, chairman of the Russian Union of Grain Exporters and Producers, highlighted this trend in an interview......
A high-level economic delegation from Spain’s Valencia region will visit Tangier on June 2 and 3 to reinforce trade and investment ties with Morocco. Organized by the Valencia Chamber of Commerce, the Tangier-Tetouan-Al Hoceima Chamber of Commerce, and the Moroccan Consulate General in Valencia,......
Morocco will host the first International Salon for Ports and their Ecosystem (SIPORTS) from February 5 to 7, 2026, at the Mohammed VI Complex in El Jadida. The event is organized by LINECO Events under the patronage of the Ministry of Equipment and Water. Designed as a strategic platform, SIPORTS aims......
Shandong Yongsheng Rubber, a leading Chinese tire manufacturer, has confirmed plans to establish a tire production facility in Morocco’s Kenitra Automotive City. Founded in 1986, the company seeks to expand globally by leveraging Morocco’s geographic and trade advantages. The factory will......
Morocco is poised to transition to a floating exchange rate regime in 2026, a move that underscores the critical role of its diaspora in maintaining economic stability. With over five million Moroccans living abroad, remittances have become a cornerstone of the national economy, reaching MAD 117.7 billion......
For decades, cannabis in the Middle East and Africa remained relegated to the margins of legality, cultivated and traded in the shadows. That changed in 2021 when Morocco became the first country in the region to legalize the production, export, and medical use of cannabis. This landmark legislation......
British firm Xlinks has temporarily paused its ambitious 3,900-kilometer undersea electricity cable project connecting Morocco to the United Kingdom. The company has halted its Development Consent Order (DCO) examination process while awaiting a crucial decision on its Contract for Difference (CfD) from......
Morocco generated a revenue of $2.7 million from lemon exports, according to new data from the agriculture-focused outlet East Fruit. The revenues were made between the first half of the 2024-2025 season, during which Morocco exported 6,100 metric tons of lemons, the report detailed. This marks the......
The Moroccan government has finalized four significant investment agreements with Catalan companies, totaling MAD 500 million ($50 million) and promising the creation of over 700 direct jobs. This initiative marks a vital progression in enhancing economic relations between Morocco and Spain. High-level......
Morocco’s Minister of Economy and Finance, Nadia Fettah Alaoui, was awarded the Finance Minister of the Year title on Wednesday in Abidjan during the 2025 African Banker Awards. This prestigious accolade was presented during a ceremony held in conjunction with the African Development Bank's......
The Mauritanian economist Sidi Ould Tah has been elected president of the African Development Bank (AfDB) with 76.18% of the votes. The election took place on Thursday during the institution’s annual meetings in Abidjan. Ould Tah prevailed after three rounds of voting, defeating Zambian Samuel......
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