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Economy
Europe continued to dominate Morocco’s foreign trade in 2024, accounting for 62% of total trade volume, down slightly from 63.2% in 2023, according to the latest annual report by the Moroccan Office of Exchange. European countries provided 56.4% of Morocco’s imports and received 71.4% of......
U.S. President Donald Trump announced on Tuesday the conclusion of a “historic” trade agreement with Japan that significantly reduces tariffs on Japanese vehicles and opens the door for increased agricultural imports, especially rice, from the United States. “We’ve just finalized......
Moroccan asset management firm Alphavest Capital and American aerospace giant Boeing have signed a memorandum of understanding (MoU) to create five aerospace excellence centers in Morocco. This strategic partnership aims to bolster the country’s position as a global leader in the aviation manufacturing......
Royal Air Maroc (RAM), Morocco's national airline, has bolstered its fleet with the arrival of a new Boeing 737 MAX 8, delivered on July 15. This move is part of an ambitious modernization plan aimed at enhancing the carrier’s capacity and global reach. Expanding the fleet The delivery flight,......
A new global study reveals that immigrant workers in Spain earn nearly a third less than Spanish nationals, highlighting structural inequalities within the labor market as the country braces for a major demographic shift. The research, led by the University of Oslo and published in Nature Journal,......
The U.S. government, under President Donald Trump, has announced a 30% customs surcharge on all products imported from Algeria, effective August 1, 2025. The decision was communicated in a formal letter sent to Algerian President Abdelmadjid Tebboune as part of a broader trade policy shift targeting......
According to Forbes’ July 2025 data, the United States is home to 125 billionaires of foreign origin, a significant increase from 92 in 2022. Among them, 8 billionaires have African roots, and together they control a staggering $413 billion, equivalent to nearly one-third of the total wealth held......
The impact of tariffs imposed by former President Donald Trump is now being felt by American consumers, as they face a second consecutive rise in consumer prices, according to the latest index released today. The Consumer Price Index (CPI), which tracks inflation, rose by 2.7% year-over-year in June,......
The European Union and South Korea are scrambling to reach trade agreements with U.S. President Donald Trump before the August 1 deadline, as Washington threatens to impose a 30% tariff on most imports from the EU and Mexico, with similar warnings extended to countries like Japan and South Korea. White......
Morocco’s economy is projected to grow by 4.4% in the third quarter of 2025, according to the latest estimates from the High Commission for Planning (HCP). The forecast reflects steady momentum from earlier in the year, though growth may slow slightly compared to previous months. Domestic demand......
The United States will implement a 35% tariff on all imports from Canada starting August 1, 2025, intensifying trade tensions between the two neighboring nations. President Donald Trump announced the decision in a formal letter to Canadian Prime Minister Mark Carney, which was later shared on his social......
A growing movement among Brics nations to reduce reliance on the US dollar in global trade is challenging longstanding American financial dominance. By adopting local currencies for international transactions, the alliance of emerging economies is reshaping the global financial landscape and provoking......
Global oil prices have seen a significant decline since April, yet Moroccans are feeling little relief at the pump. Amid growing frustration, many blame the government, particularly Prime Minister Aziz Akhannouch, who is also the founder of Afriquia, one of Morocco’s largest fuel distributors. Global......
