Economy
The autonomous city of Ceuta faces severe financial instability due to mounting costs associated with caring for unaccompanied migrant minors, according to government spokesperson Alejandro Ramírez. The Mediterranean enclave's administration describes its current financial situation as "practically......
Morocco's economic landscape is experiencing significant transformation, marked by substantial foreign investments and ambitious infrastructure developments. The nation's strategic focus on automotive manufacturing and green hydrogen initiatives is reshaping its industrial sector, while preparations......
In a strategic move to expand its global presence, Spanish dairy company Pascual has identified Morocco as a key market for increasing its international sales. Currently exporting to 52 countries, the firm aims to boost its foreign revenue from €57 million to €100 million. Recent reports indicate......
The Spanish Parliament has reignited discussions regarding the potential reopening of commercial customs at the borders of Ceuta and Melilla with Morocco, a matter that has garnered significant attention during a session held on Tuesday. This initiative, spearheaded by the Popular Party (PP), aims to......
Morocco's energy infrastructure received a significant boost as the National Office of Hydrocarbons and Mines (ONHYM) and the National Office of Electricity and Drinking Water (ONEE) formalized a crucial natural gas transportation contract on Monday. The agreement establishes a framework for supplying......
Morocco's government has unveiled ambitious fiscal measures in its 2025 Finance Bill, targeting MAD 16.4 billion ($1.58 billion) in revenue through strategic taxation of tobacco and alcoholic beverages. This initiative forms part of a comprehensive economic growth strategy aimed at strengthening......
Morocco plans to increase its defense budget to 133 billion Moroccan dirhams ($13 billion) for 2025, marking a significant expansion from previous years as the nation strengthens its military capabilities amid growing regional challenges. The substantial budget increase, revealed in the draft finance......
Morocco's consumer prices held steady in September 2024, while core inflation continued its upward trajectory, according to the latest report from the High Commissioner of Planning (HCP). The data reveals a complex economic landscape marked by regional variations and sector-specific price fluctuations. Price......
MONTRÉAL, October 21, 2024, In a significant move to bolster economic ties, the Council of Employers of Quebec (CPQ) and the General Confederation of Moroccan Enterprises (CGEM) have launched a week-long initiative welcoming a delegation of Moroccan entrepreneurs to Quebec. This visit aims to......
The Moroccan business landscape is set to face significant challenges in the coming years, according to a recent global report by Allianz Trade. The study, titled "Global Insolvency Outlook: The ebb and flow of the insolvency wave," predicts a substantial increase in business insolvencies across......
Morocco is considering the implementation of a tax on real estate wealth as a means to finance its ambitious universal social protection program, according to a recent report by the Arab Reform Initiative. The study, titled "Property Taxes: Missed Opportunities for Funding Universal Social Protection......
The Tangier-Tétouan-Al Hoceima region of Morocco is experiencing a remarkable surge in economic activity, with approved investments reaching an impressive 69 billion dirhams in the first nine months of 2024. This significant influx of capital positions the region as a key player in Morocco's......
In a significant diplomatic outreach, Morocco's ambitious Atlantic Initiative was showcased in Drummondville, Quebec, highlighting the kingdom's strategic vision for intercontinental cooperation. The event, part of the 5th Moroccan Cultural Day, underscored Morocco's pivotal role in fostering......
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