Economy
A Year of Challenges and Triumphs In a year marked by significant adversity, Morocco's economy showcased remarkable resilience. Despite navigating inflationary pressures, severe drought, and the aftermath of a devastating earthquake, the North African nation recorded a notable 3.4% growth rate in......
In a significant development for Morocco's financial landscape, Islamic financing, known locally as participative financing, has experienced substantial growth in 2023. According to the latest report from Bank Al-Maghrib (BAM), the central bank of Morocco, the sector reached a total of MAD 21.4 billion......
Morocco's strategic focus on infrastructure over the past 25 years has been a cornerstone of its economic transformation and growth, according to a recent feature in the French geopolitical magazine, Revue Conflits. The article titled "Infrastructure and Economic Development: The Example of......
In a significant development, the Nigeria-Morocco Atlantic African Gas Pipeline project has gained renewed momentum following a series of high-level discussions in Rabat. Officials from twelve West African nations, key representatives from the Economic Community of West African States (ECOWAS), and Moroccan......
Groundbreaking Collaboration Between OCP and Fortescue Greenlit by Competition Council The Moroccan Competition Council has officially sanctioned the formation of a pioneering joint venture between OCP Green Energy SA, a subsidiary of Morocco's OCP Group, and Fortescue, an Australian enterprise......
In a significant move to bolster Morocco's economic stability and environmental resilience, the African Development Bank (AfDB) has approved a substantial financial package of €120 million. This funding, part of the initial phase of the Support Program for Governance and Climate Resilience,......
In a bold forecast that has caught the attention of economic analysts, Morocco's Economy and Finance Minister, Nadia Fettah Alaoui, has unveiled an ambitious projection for the nation's economic growth. Speaking at a joint parliamentary session in Rabat, Fettah Alaoui announced that Morocco's......
In a significant move to address labor shortages, Italy is actively seeking Moroccan professionals trained in mechatronics through the THAMM Plus Project. This initiative, funded by the European Union and spearheaded by the International Organization for Migration (IOM), aims to facilitate the professional......
Ambassador Omar Hilale Highlights Morocco's Ambitious Reforms at International Conference Morocco's Permanent Representative to the United Nations, Ambassador Omar Hilale, has underscored the country's bold and comprehensive structural and sectoral reforms, championed under the leadership......
Budget Planning Prioritizes Sustaining Project Momentum, Says Minister Fouzi Lekjaa. Morocco’s extensive social protection initiative is expected to require a substantial investment of MAD 29 billion ($3 billion) by 2025, as announced by Fouzi Lekjaa, Minister Delegate for the Budget. In an address......
In a significant industry move, South Korea's LG Energy Solution (LGES) is eyeing Morocco as a potential site for a new Electric Vehicle (EV) battery production facility. This strategic consideration comes as the company aims to strengthen its foothold in the European market amidst changing trade......
Maroc Telecom, Morocco's foremost telecommunications provider, has reported a significant 5.1% increase in its customer base for the first half of 2024, reaching a total of 78.4 million subscribers. This growth comes despite facing stiff competition and legal challenges in its domestic market. The......
The Moroccan government is poised to implement significant income tax reforms aimed at reducing the financial burden on workers while ensuring the persistence of crucial social support programs. This announcement was made by Fouzi Lekjaa, the Minister Delegate to the Minister of Economy and Finance,......
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