Economy
Morocco is making significant strides in reshaping its foreign trade landscape, with 524 proposals now collected for its upcoming 2025-2026 foreign trade roadmap. Secretary of State Omar Hejira, who oversees foreign trade under the Ministry of Industry and Commerce, revealed these developments during......
Morocco is positioning itself to become the world's leading exporter of electric batteries by 2030, according to a recent report from a Belgian journal. This ambitious plan focuses on tapping into the European and American markets, placing the country at the heart of the global transformation of......
The Nador West Med port complex, set to become operational by mid-2026, represents a transformative initiative aimed at elevating Morocco's global economic position and fostering regional development in the Oriental area. Anchored in Morocco's National Port Strategy 2030, this ambitious project......
In a decisive move to address mounting public concerns, Morocco's Interior Ministry has launched an extensive reform package aimed at transforming the nation's taxi services. Interior Minister Abdelouafi Laftit has directed provincial governors and prefects to implement strict regulatory and......
Libya and Morocco are taking significant steps to reconnect their transportation networks, with plans to resume air travel and establish new maritime routes in 2025. This development marks a potential end to a nine-year suspension of direct flights between the two North African nations. During high-level......
Ghana has announced a significant policy change that will allow Moroccan nationals to enter the country without obtaining a visa, effective January 1, 2025. The decision, announced by authorities in Accra, marks a substantial shift in Ghana's immigration policy and aims to strengthen economic ties......
The trade relationship between the United Kingdom and Morocco has experienced significant growth over the past year, underscoring the strengthening economic ties between the two nations. According to the UK Department for Business and Trade, bilateral trade reached 48.5 billion Moroccan dirhams (3.8......
Morocco's government has launched an ambitious MAD 14 billion ($1.3 billion) initiative to address unemployment challenges, with a particular focus on creating opportunities for young job seekers without formal qualifications. The comprehensive strategy, announced by Economic Inclusion Minister Younes......
The Moroccan Dirham demonstrated varied performance in foreign exchange markets during the week of December 19-24, recording a 0.7% depreciation against the US dollar while strengthening by 0.29% against the euro, according to the latest Bank Al-Maghrib (BAM) report. The nation's financial position......
Morocco's Administration of Customs and Indirect Taxes (ADII) has unveiled a groundbreaking initiative aimed at transforming customs operations across Africa. The newly launched "AfriDou@ne" program, a cornerstone of ADII's 2024-2028 Strategic Plan, represents a significant step toward......
Morocco has announced a comprehensive financial support system for soft wheat imports, set to launch in early 2025, as the country grapples with severe drought conditions affecting domestic production. The initiative, spanning from January to April 2025, represents a coordinated effort between the Ministry......
The Moroccan Professional Group of Banks (GPBM) has unveiled plans to keep banks open during the final weekend of 2024, marking a notable departure from standard banking hours. This exceptional measure, announced on Thursday, will see banks operating on December 28-29, 2024. The initiative is designed......
Morocco has taken decisive action to protect its domestic manufacturing sector by imposing substantial anti-dumping duties on electric ovens imported from Turkey. The measure specifically targets non-built-in, portable ovens with a capacity of up to 70 liters, falling under tariff code 8516.60.00.11. The......
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