Economy
Morocco has implemented a groundbreaking reform of its commercial code, eliminating automatic jail sentences for issuing checks without sufficient funds. The new approach emphasizes payment resolution, debt regularization, and economic responsibility, marking a shift from punitive measures to a more......
Morocco has once again raised its defense spending, allocating MAD 157.171 billion ($15.7 billion) for 2026, according to the draft finance law submitted to parliament. The funds are earmarked for the acquisition and maintenance of equipment for the Royal Armed Forces (FAR) and to support the growth......
Morocco’s draft Finance Bill for 2026 sets forth a plan to create 36,895 new public sector positions across various ministries and state institutions, forming a central part of the government’s recruitment strategy for the next fiscal year. Of these, 500 positions will fall under the direct......
Morocco’s national carrier Royal Air Maroc (RAM) and China Eastern Airlines have signed a strategic memorandum of understanding (MoU) to enhance air connectivity between Africa and China. The agreement, signed by RAM CEO Hamid Addou and Wang Zhiqing, Chairman of China Eastern Airlines, aims to......
Morocco’s digital exports achieved strong growth in the first half of 2025, reaching 13.4 billion dirhams by the end of June, according to preliminary data from the Office des Changes. This marks a 3.5% increase compared to the same period in 2024, underscoring the country’s growing prominence......
The public housing and urban development holding, Al Omrane, is embarking on an extensive modernization of its commercial and marketing functions. This initiative aims to optimize customer acquisition, retention, and debt recovery while establishing a cohesive brand architecture and a more efficient......
Tarik Senhaji has been appointed as the new President of the Moroccan Capital Market Authority (AMMC). His nomination was made by HM King Mohammed VI, upon the proposal of the Head of Government and at the initiative of the Minister of Economy and Finance. Senhaji succeeds Nezha Hayat, who recently......
Africa’s aviation industry faces a crisis of over-taxation that threatens to deepen youth unemployment and migration across the continent, according to Esayas Woldemariam Hailu, CEO of ASKY Airlines. Speaking at a World Bank summit in Washington, D.C., Hailu warned that excessive levies on airline......
Morocco’s 2026 Finance Bill, reviewed during a Ministerial Council chaired by His Majesty King Mohammed VI at the Royal Palace in Rabat, aims to drive the country toward sustainable economic growth and social equity. The bill was presented by Minister of Economy and Finance Nadia Fettah, who highlighted......
Half of Moroccan small and medium-sized enterprises (SMEs) still struggle to obtain formal financing from banks or financial institutions, according to a recent survey by the European Investment Bank (EIB), conducted in partnership with the European Union (EU) under the Trade and Competitiveness Programme......
Rabat, October 18, 2025 — The Moroccan dirham depreciated by 0.6% against both the U.S. dollar and the euro during the week of October 9–15, 2025, according to Bank Al-Maghrib (BAM). No foreign exchange auctions were conducted over this period, BAM reported in its latest weekly indicators......
Morocco’s Minister of Economy and Finance, Nadia Fettah Alaoui, affirmed that the kingdom’s economic partnership with Israel remains robust, even though its pace has moderated since the initial surge following the trilateral agreement with the United States and Israel in 2020. During an......
Morocco’s government will revise its upcoming national budget to prioritize spending on health and education, aiming to address deep-rooted social disparities and respond to growing public discontent. The announcement comes after weeks of nationwide protests led by young Moroccans demanding better......
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