Economy
Bank Al Maghrib (BAM), Morocco’s central bank, has released an official warning against fraudulent media content promoting a fake investment platform falsely attributed to the bank. According to BAM, the content illegitimately uses the bank’s identity and the image of its governor, likely......
In a demonstration of its commitment to inclusion and sustainable development, Oncorad Group hosted the Ramadan Solidarity Market, which took place from February 24 to 28, 2025, in the gardens of the Holding. According to a statement received by lareleve.ma, this event allowed employees and patients......
Funds transferred by Moroccans residing abroad (MRE) exceeded 9.45 billion dirhams (MMDH) by the end of January 2025, compared to 9.4 billion dirhams in January 2024, according to the Office des Changes. This represents a 0.5% increase (+44 million dirhams) compared to the same period in 2024, as highlighted......
Aerospace exports in Morocco reached nearly 2.24 billion dirhams (MMDH) by the end of January 2025, marking a 14.2% increase compared to the same period last year, according to the Office des Changes. This growth is attributed to a 16.2% rise in sales in the Assembly segment, totaling 1.42 billion dirhams,......
Morocco’s economy is forecasted to grow by 5.0% in 2025, up from 3.3% in 2024, despite challenges posed by a weak agricultural sector, according to a report by Fitch Solutions published on February 26. This revised forecast, down from an earlier projection of 5.6%, reflects “emerging signs......
Norwegian group Alta Mar African Holdings has unveiled a significant aquaculture project in Safi, Morocco, committing $21 million (over 200 million dirhams) to marine fish farming. This initiative, centered on the production of high-value fish species such as Atlantic bluefin tuna, is expected to become......
As Ramadan begins, Morocco has introduced the national hotline number 5757 to address consumer complaints and ensure market stability during the holy month. This initiative aims to alleviate growing concerns over rising food prices and the availability of essential goods, which are central to traditional......
Hassan Abkari, the Director General of Tanger Med Port Authority (TMPA), has been relieved of his duties following revelations of a private business venture in Spain’s port sector, raising concerns over a conflict of interest. The decision came during an emergency board meeting held on February......
Morocco and Egypt have taken significant steps to enhance their bilateral trade relations through the establishment of an Egyptian “Fast Track” system, aimed at streamlining access for Moroccan exports to Egyptian markets. According to a statement from Morocco’s Ministry of Industry......
In an effort to boost Moroccan exports, Egypt is set to introduce a "Fast Track" system aimed at simplifying and accelerating trade processes. The announcement follows a meeting between key officials: Ryad Mezzour, Morocco’s Minister of Industry and Commerce; Omar Hejira, the Secretary......
The Mexican Business Coordination Council (CCE), the largest employers' organization in Latin America’s second-largest economy, has expressed its support for Morocco’s territorial integrity and emphasized its commitment to bolstering economic and trade relations with the Kingdom. “We......
The Central Popular Bank (BCP) has announced the appointment of three new director generals in a significant leadership reshuffle aimed at bolstering the bank's strategic development. The decision was made during a recent board meeting, underscoring BCP’s commitment to innovation and growth. The......
The World Bank has reaffirmed its commitment to supporting Morocco in its preparations for hosting the 2030 FIFA World Cup. Ousmane Dione, the institution’s vice president for the Middle East and North Africa, made this declaration during a meeting on Wednesday with Fouzi Lekjaa, Morocco’s......
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