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Economy
Morocco's domestic demand demonstrated remarkable strength in the fourth quarter of 2024, posting a 5.4% increase and emerging as a key driver of the nation's economic expansion, according to Morocco's High Commission for Planning (HCP). This robust domestic performance contributed significantly......
Morocco's comprehensive fiscal reforms have driven remarkable growth in tax revenue, reaching MAD 299 billion ($29.5 billion) in 2024, marking a significant increase from MAD 199 billion ($19.5 billion) in 2020. This surge in revenue has enabled substantial investments in social welfare programs,......
A recent analysis by the US National Intelligence Council highlights Morocco as one of the nations expected to experience significant economic growth in the coming years, joining the ranks of emerging "economic tigers." This term refers to countries that are poised for rapid economic transformation,......
In alignment with Morocco’s economic transformation, the Ministry of Industry and Commerce is committed to boosting female participation in the workforce, targeting a 45% female employment rate by 2035. Through its "Made in Morocco" initiative, the Ministry is working to enhance industrial......
Morocco is implementing a strategy aimed at creating a robust national maritime industry by 2030, positioning the country among the world’s top maritime nations through the development of a competitive fleet. Historically, the country did not prioritize its maritime assets, particularly military......
Rabat – Trade relations between Spain and Morocco continue to flourish, with recent data indicating a likely fourth consecutive year of record-breaking foreign trade between the two countries. Reports highlight Morocco's strong trade performance with Spain, emphasizing the robust bilateral......
Between January 02 and 08, 2025, the Moroccan dirham showed a positive trend, appreciating by 1.4% against the euro and 0.6% against the US dollar, according to Bank Al-Maghrib (BAM). During this period, no foreign exchange operations were conducted, as highlighted in BAM's weekly report. As of......
The United Nations has forecast positive economic momentum for Morocco, projecting steady growth in the coming years according to its latest economic assessment released Thursday. In its comprehensive "World Economic Situation and Prospects 2025" report, the UN anticipates Morocco's Gross......
The Moroccan Treasury and External Finance Department (DTFE) has implemented a series of sophisticated financial operations, deploying MAD 8.4 billion ($820 million) in cash surplus investments on Friday. This strategic financial move, executed under the Ministry of Economy and Finance's oversight,......
Morocco is taking significant steps to strengthen its aquaculture industry with a substantial new investment package. The National Agency for Aquaculture Development (ANDA) has announced the approval of 300 million Moroccan dirhams ($30 million) split between two funding programs aimed at developing......
Morocco has marked a significant milestone in its infrastructure development with the completion of the final segment of the Tiznit-Dakhla expressway. The newly opened 114-kilometer stretch, connecting Maader near Tiznit to Guelmim via Sidi Ifni, represents the culmination of a decade-long project that......
Morocco's voluntary asset disclosure initiative has generated MAD 6 billion for the public treasury from declared assets totaling MAD 127 billion, according to government spokesperson Mustapha Baitas during a Thursday press conference. The program has successfully strengthened relationships between......
Moroccan mining powerhouse Managem Group has finalized the sale of its Oumejrane mining subsidiary to Purple Hedge Resources Morocco for USD 30 million. The agreement, announced on Wednesday, includes potential additional payments of over USD 2 million, subject to conditions, payable after a 12-month......
