Economy
In a significant development for Morocco's digital commerce sector, the Centre Monétique Interbancaire (CMI) has launched a multi-currency payment service for local e-commerce websites through a strategic partnership with Global Blue. This new Dynamic Currency Conversion (DCC) functionality......
Bank Al-Maghrib (BAM), Morocco’s central bank, has officially launched an interbank forward market for foreign exchange swaps and overnight index swaps (OIS) tied to the Moroccan Overnight Index Average (MONIA). This initiative, which began operations on February 19, marks a significant step in......
Morocco's National Airports Office (ONDA) has launched "Airports 2030," a comprehensive strategy aimed at modernizing the nation's airport infrastructure and elevating customer experience to international standards. The initiative, announced following Royal Instructions issued during......
Madrid will host an economic forum on February 19 and 20, 2025, aimed at encouraging Spanish investments in northern Morocco. The event is part of the International Business and Investment Fair “IMEX – Madrid 2025,” organized by the Spanish Chamber of Commerce at the Palacio de Cibeles. According......
Morocco’s High Commission for Planning (HCP) has unveiled concerning findings about the growing vulnerability to poverty among urban populations. The national survey, conducted between March 2022 and March 2023, highlights an increase in the percentage of the population at risk of poverty, rising......
A recent survey conducted by Morocco’s High Commission for Planning (HCP) highlights an alarming increase in vulnerability to poverty within urban areas, signaling a need for targeted interventions. The national survey, based on data from 18,000 households collected between March 2022 and March......
The High Commission for Planning (HCP) has unveiled the findings of its National Household Living Standards Survey, conducted between March 2022 and March 2023. Based on data from 18,000 representative households across Morocco's regions and socioeconomic groups, the study highlights a structural......
The M’diq port recorded 247 tonnes of coastal and artisanal fish landings in January, marking a 33% rise compared to the same period last year, according to the National Fisheries Office (ONP). The market value of these landings also surged by 49%, exceeding 15.25 million dirhams (MDH), up from......
Morocco's renewable energy production is expected to experience significant growth, with annual increases averaging 16% between 2025 and 2027, according to a recent report from the International Energy Agency (IEA). This expansion will boost renewables' share in the country's electricity......
Paraguay's meat industry is making strategic moves to expand its presence in Morocco's beef market, aiming to double its current exports of 4,500 tons. This expansion initiative comes as Morocco grapples with severe agricultural challenges due to prolonged drought conditions. Recent meetings......
Morocco is emerging as a key player in the automotive industry in Africa and the Mediterranean region, according to the Spanish daily Mundo Deportivo. The country has positioned itself as a major production and export hub, supplying vehicles to over 70 countries, including France, Spain, and Italy.......
More than two years after Morocco legalized cannabis-based products, the industry is experiencing significant growth, marked by the introduction of over 22 innovative, high-quality products. The national market now offers a diverse range of dietary supplements, including cannabis oil, which promotes......
Morocco is nearing a decision in its ambitious plan to procure 150 regional and commuter trains, with the Spanish company Construcciones y Auxiliar de Ferrocarriles (CAF) and South Korea’s Hyundai Rotem emerging as the final contenders. This follows the exclusion of Talgo, Alstom, and the Chinese......
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