Economy
Morocco has reinstated a temporary import duty on soft wheat as authorities move to protect domestic production following a strong agricultural season. The measure targets soft wheat and related derivatives and applies during the peak harvest period. The Customs and Indirect Tax Administration confirmed......
The Moroccan automotive market continued its upward trajectory in May 2026, confirming sustained demand across both private and commercial segments. A total of 23,037 new vehicles were sold during the month, marking a 2.8 percent increase compared with the same period in 2025. Over the first five months......
In Casablanca Morocco, mobile payments expanded sharply over the past year as digital financial services gained wider adoption across consumers and businesses. Total transaction value reached MAD 3.9 billion, more than doubling compared with previous levels. The number of operations increased from 9.7......
Aya Gold and Silver has announced new high grade silver intercepts from its Zgounder mine in Morocco. The results come from an ongoing drilling program focused on deeper exploration zones and areas surrounding current mining operations. The company said the findings reinforce the continuity of mineralization......
Morocco’s direct housing assistance program has exceeded 105,000 beneficiaries since its launch in 2024, with young people under the age of 40 making up more than half of recipients. The initiative aims to expand access to homeownership by providing direct financial support to eligible buyers across......
Morocco is advancing a national strategy to modernize its logistics system and strengthen its role as a trade gateway between Europe, Africa and Atlantic markets. The plan focuses on digital transformation, port expansion and the creation of new maritime routes to improve the speed and efficiency of......
Morocco is using preparations for the 2030 FIFA World Cup as a driver of economic transformation, aiming to attract investment, accelerate technology transfer, and expand industrial capacity. The strategy builds on growing international interest, with the United Kingdom emerging as a key partner in trade......
Moroccan businessman Moulay Hafid Elalamy has taken 92.3 percent control of Arktika Capital AB, a Sweden based licensed credit institution focused on distressed debt. His son, Moulay Mhamed Elalamy, has been appointed chief executive officer of the company. The stake is held through a network of investment......
Grandi Navi Veloci has reinforced its maritime network linking Europe and Morocco by deploying two of its newest LNG-powered vessels on key Mediterranean routes. The move comes ahead of the summer travel peak linked to the annual operation facilitating mobility for millions of Moroccan residents in Europe......
Morocco's digital economy continues to gain momentum, with mobile payments more than doubling over the past year, reflecting the country's rapid adoption of digital financial services and its broader ambitions in technological innovation. Speaking at the third edition of Visa Fintech Day in......
Morocco recorded tourism revenues of MAD 44.39 billion, equivalent to $4.83 billion, during the first four months of 2026. The figure shows a 21.2 percent increase compared with the same period in 2025, reflecting sustained growth in the country’s travel sector. Travel spending also increased......
Remittances from Moroccans living abroad reached MAD 39.98 billion, about $4 billion, by the end of April 2026. The figure marks a 9.8% increase compared with MAD 36.43 billion recorded during the same period in 2025. The rise adds MAD 3.55 billion in additional inflows over one year. It reflects stronger......
Morocco’s trade deficit widened sharply during the first four months of 2026, reaching MAD 127.04 billion, or about $13.7 billion, according to official foreign trade figures. The increase marks an 18.4 percent rise compared with the same period in the previous year. The gap reflects a faster expansion......
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