Economy
In a remarkable development, trade between Morocco and Israel has skyrocketed in 2024, reaching unprecedented levels despite the ongoing conflict in Gaza. This economic boom, facilitated by the 2020 Abraham Accords, has sparked critical debates about the implications of deepening economic ties amidst......
Morocco's Banking Sector Faces Heightened Liquidity Needs In a recent report by Morocco's central bank, Bank Al-Maghrib (BAM), July saw a notable rise in liquidity demand within the country's banking sector. The average weekly requirement soared to MAD 125.3 billion, surpassing June's......
In a decisive move to enhance economic collaboration, the Brazilian Senate has sanctioned a legislative decree to facilitate investments with Morocco. This agreement, originally signed on June 13, 2019, during the visit of Morocco's Foreign Minister Nasser Bourita to Brasília, outlines a comprehensive......
China's BTR Group has unveiled plans to construct a lithium-ion battery plant in Tangier Technology City, Morocco. This ambitious project, valued at $366 million, is slated for completion in approximately two years and marks a pivotal move in BTR's global expansion strategy. The facility aims......
China Baoan and its subsidiary Betrui have unveiled a substantial $370 million investment in Tanger Science and Technology City, aimed at producing 60,000 tons of anode material annually. This development strengthens Morocco's foothold in the global lithium battery market. Building on Betrui’s......
A recent survey by Sunergia has highlighted widespread dissatisfaction among Moroccans regarding the recent hike in gas cylinder prices. The increase, effective from May 20, raised the cost of a 12 kg cylinder from MAD 40 to MAD 50, aligning with the government's plan to gradually eliminate butane......
Morocco has emerged as a standout in the global service export arena, climbing to the 29th position in 2023. With service exports reaching an impressive $25 billion, a 16% increase from the previous year, this North African nation leads the continent's growth in this sector, according to the World......
Morocco is grappling with a severe cost-of-living crisis, deeply affecting hunger and anemia rates among young women. Despite post-COVID economic growth, inflation has strained middle and lower-income families, leading to increased food insecurity. Economic Struggles and Food Scarcity The UN’s......
Morocco must revitalize its financial sector to enhance its appeal as a business hub, according to the Milken Institute's 2024 Global Opportunity Index (GOI). Despite efforts to improve business allure, Morocco ranks 80th out of 129 countries in business infrastructure. The GOI evaluates countries......
Morocco stands at a pivotal crossroads as it seeks to transition to high-income status. The World Bank’s 2024 World Development Report, titled “The Middle Income Trap,” outlines a comprehensive roadmap for over 100 middle-income nations, including Morocco, to achieve this ambitious......
In 2023, Moroccan operators successfully exported 200 kilograms of legal cannabis resin, marking a significant step in the nation's burgeoning cannabis industry. This resin, with a tetrahydrocannabinol (THC) content below 1%, was priced between €1,500 and €1,800 per kilogram, depending......
Morocco's corporate landscape has made a remarkable impact in the Forbes Middle East 2024 rankings, with four companies earning prestigious spots among the top 100 listed firms. Attijariwafa Bank Group: A Financial Powerhouse Attijariwafa Bank Group, under the leadership of Chairman and CEO Mohamed......
Morocco is setting the stage for the 2030 FIFA World Cup, which it will co-host with Spain and Portugal, by unveiling a strategic infrastructure development plan as part of its 2025 Finance Bill. This initiative aims to transform key cities into world-class venues, ready to welcome the global sporting......
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