Economy
Moroccan businessman Moulay Hafid Elalamy has taken 92.3 percent control of Arktika Capital AB, a Sweden based licensed credit institution focused on distressed debt. His son, Moulay Mhamed Elalamy, has been appointed chief executive officer of the company. The stake is held through a network of investment......
Grandi Navi Veloci has reinforced its maritime network linking Europe and Morocco by deploying two of its newest LNG-powered vessels on key Mediterranean routes. The move comes ahead of the summer travel peak linked to the annual operation facilitating mobility for millions of Moroccan residents in Europe......
Morocco's digital economy continues to gain momentum, with mobile payments more than doubling over the past year, reflecting the country's rapid adoption of digital financial services and its broader ambitions in technological innovation. Speaking at the third edition of Visa Fintech Day in......
Morocco recorded tourism revenues of MAD 44.39 billion, equivalent to $4.83 billion, during the first four months of 2026. The figure shows a 21.2 percent increase compared with the same period in 2025, reflecting sustained growth in the country’s travel sector. Travel spending also increased......
Remittances from Moroccans living abroad reached MAD 39.98 billion, about $4 billion, by the end of April 2026. The figure marks a 9.8% increase compared with MAD 36.43 billion recorded during the same period in 2025. The rise adds MAD 3.55 billion in additional inflows over one year. It reflects stronger......
Morocco’s trade deficit widened sharply during the first four months of 2026, reaching MAD 127.04 billion, or about $13.7 billion, according to official foreign trade figures. The increase marks an 18.4 percent rise compared with the same period in the previous year. The gap reflects a faster expansion......
Ryanair has confirmed it will maintain its full summer flight program in Morocco, shielding itself from the fuel price surge triggered by the ongoing conflict involving the United States, Israel, and Iran, which has severely disrupted jet fuel supplies through the Strait of Hormuz. While the broader......
The European Commission has issued a warning that aviation fuel supplies across the European Union could tighten in the coming weeks if instability around the Strait of Hormuz continues, highlighting the deepening impact of Middle East tensions on global energy markets and air transport. Following meetings......
French aerospace manufacturer Daher is preparing to shift a portion of its production and assembly operations from its plant in Tarbes, southwestern France, to Morocco, as part of a restructuring effort designed to restore profitability at its industrial division by 2028. The move falls under an internal......
Marrakech’s prime residential property market has recorded strong growth since 2023, driven by rising demand from international buyers, younger professionals, and Moroccan expatriates seeking second homes and lifestyle investments. The city, long associated with retirees and seasonal visitors,......
Rabat will host the GBB Investment Summit on June 9, bringing together regional and international investors to examine Morocco’s rapidly expanding investment environment, with particular attention on the real estate and hospitality sectors. The invitation-only event will take place at the Four......
Bank Of Africa (BOA) has been named Best Bank in North Africa during the 2026 edition of the African Banker Awards held in Brazzaville. The prestigious awards recognize the leading institutions and personalities that have contributed to the growth and development of Africa’s banking and financial......
Maroc PME is preparing a large-scale national roadshow across Morocco’s twelve regions as part of the implementation of the new TPME Pact, an ambitious program designed to strengthen and modernize very small and medium-sized enterprises. Following its official presentation in Rabat in April, the......
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