Economy
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......
In a significant shift within Spain's real estate landscape, Moroccan nationals have emerged as the second-largest group of foreign property buyers during the first half of 2024. This development, reported by Spain's General Council of Notaries, marks a notable trend in cross-border real estate......
In a significant move towards economic revitalization and social advancement, King Mohammed VI of Morocco presided over a pivotal Council of Ministers meeting at the Royal Palace in Rabat. The gathering focused on the nation's 2025 Finance Bill, which outlines a comprehensive strategy to boost Morocco's......
In a landmark achievement for Morocco's financial landscape, Lamia Merzouki, Deputy CEO of Casablanca Finance City (CFC), has been elected President of the World Alliance of International Financial Centres (WAIFC). This significant development was announced during the WAIFC's Annual General Meeting......
Morocco aims to increase its vehicle production to one million units per year by 2025, up from the current 700,000, as part of its ambitious automotive industry growth strategy. During a recent media briefing at the 2024 Paris Motor Show, Carlos Tavares, CEO of Stellantis, praised the performance of......
Morocco's industrial sector has undergone a remarkable transformation over the past 25 years, positioning the country as a major player in global manufacturing and trade. Head of Government Aziz Akhannouch, speaking at the second edition of Morocco's National Industry Day, highlighted the nation's......
Morocco's business landscape is facing significant challenges, as revealed by a recent joint report from the World Bank and the Moroccan Observatory of Very Small, Small, and Medium Enterprises. The study, titled "Unleashing the Potential of the Moroccan Private Sector: An Analysis of Business......
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