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,......
Morocco and Mauritania are strengthening their longstanding partnership in the fisheries sector through high-level talks aimed at expanding cooperation across multiple domains. The discussion, held Monday in Rabat, brought together Zakia Driouich, Secretary of State for Maritime Fisheries, and Mauritanian......
Morocco's national housing support program has provided financial assistance to 33,565 families seeking homeownership, according to recent government data shared by Minister of Economy and Finance Nadia Fettah in parliament. The "Direct Aid to Housing" initiative has shown significant......
Morocco and Libya are set to restore direct air routes in 2025, marking the end of a decade-long flight suspension between the two North African nations. The announcement emerged from high-level talks in Rabat between Libyan Unity Government's Transport Minister Salem Al-Shahoubi and Moroccan Minister......
Morocco is making significant strides in reshaping its foreign trade landscape, with 524 proposals now collected for its upcoming 2025-2026 foreign trade roadmap. Secretary of State Omar Hejira, who oversees foreign trade under the Ministry of Industry and Commerce, revealed these developments during......
Morocco is positioning itself to become the world's leading exporter of electric batteries by 2030, according to a recent report from a Belgian journal. This ambitious plan focuses on tapping into the European and American markets, placing the country at the heart of the global transformation of......
The Nador West Med port complex, set to become operational by mid-2026, represents a transformative initiative aimed at elevating Morocco's global economic position and fostering regional development in the Oriental area. Anchored in Morocco's National Port Strategy 2030, this ambitious project......
In a decisive move to address mounting public concerns, Morocco's Interior Ministry has launched an extensive reform package aimed at transforming the nation's taxi services. Interior Minister Abdelouafi Laftit has directed provincial governors and prefects to implement strict regulatory and......
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