Economy



Morocco's Treasury Auction Exceeds Expectations with $700 Million Bond Sale

Morocco's Treasury demonstrated remarkable market strength in its first auction of 2025, successfully raising over 700 million USD (MAD 7 billion), marking the most substantial issuance since February 2024. The January auction exceeded expectations, drawing more than 1.2 billion USD in total demand......

Spain-Morocco Trade Deal Sparks Debate Over Melilla Customs Framework

Spanish authorities have announced significant progress in negotiations with Morocco regarding customs operations at Ceuta and Melilla, marking a crucial shift in bilateral trade relations. The development comes as both nations work to establish a modernized customs framework, though the initiative has......

Growth of New Enterprises in Morocco: Insights and Sectorial Distribution in 2024

In 2024, Morocco witnessed a significant surge in new business formations, with 78,244 enterprises established by the end of October, according to the Moroccan Office for Industrial and Commercial Property (OMPIC). This data highlights a promising entrepreneurial environment in the country, reflecting......

France Invests 2 Billion Euros in the Kénitra-Marrakech High-Speed Rail Project

The Kénitra-Marrakech high-speed rail project, one of the most anticipated infrastructure initiatives in Morocco, is progressing rapidly. Aimed at modernizing the country's rail transport system, this ambitious project benefits from strong international cooperation and a complex financial......

Tanger Med: A Rising Star in Global Port Rankings

The Tanger Med Port has achieved a significant milestone by securing third place in the 2024 Global Port Performance Index (CPPI), marking a remarkable leap from its previous fifth position. This advancement underscores Morocco's relentless efforts to enhance its port infrastructure and logistics......

Study Reveals 70% of Moroccan Households Without Personal Vehicles

A comprehensive market study by Sunergia and L'Economiste has unveiled significant disparities in car ownership across Morocco, highlighting notable urban-rural divides and generational patterns in vehicle acquisition and maintenance. The research indicates that only 30% of Moroccan households own......

Morocco's 2025 Cigarette Tax: Budget Brands Face Steep Price Jump

Morocco is set to implement significant price increases on cigarettes in 2025, with entry-level brands bearing the brunt of the adjustment as part of the government's broader tax reform strategy. The move aims to create a more balanced tobacco market by reducing the price disparity between budget......

Credit Agricole Morocco Secures $100M Year-End Bond Issue Amid Strategic Transitions

Credit Agricole of Morocco (CAM) has concluded 2024 with a robust MAD 1 billion ($100 million) subordinated bond issuance, signaling strong market confidence in the institution's financial standing. The December 31 operation was strategically structured into two equal tranches of MAD 500 million......

Historic Bond Success: BCP Secures $120 Million as Morocco's First Female Bank CEO Takes Charge

Banque Centrale Populaire (BCP) has successfully concluded a MAD 1.2 billion ($118.9 million) perpetual subordinated bond issue, marking a significant achievement under the guidance of Naziha Belkeziz, Morocco's first female bank CEO. The offering, which ran from December 25-27, 2024, garnered exceptional......

Morocco's Trade Gap Widens to $26.8 Billion Despite Export Growth in Key Sectors

Morocco's international trade performance showed mixed signals through November 2024, as the nation's trade deficit expanded to MAD 275.74 billion ($26.8 billion), marking a 6.5% increase from the previous year's MAD 258.83 billion ($25.1 billion). Trade data from the Exchange Office reveals......

Morocco's Record-Breaking Tax Amnesty Draws $10 Billion in Undeclared Assets

Morocco's latest tax amnesty program has concluded with exceptional results, attracting declarations of MAD 100 billion ($10 billion) in previously undeclared assets. This historic achievement marks a twentyfold increase compared to the 2020 amnesty results, significantly surpassing the government's......

Canadian Mining Firm Achieves Major Silver Production Milestone in Morocco with $50M Growth Plan

Montreal-based Aya Gold & Silver Inc. has marked a significant achievement by reaching commercial production at its expanded Zgounder silver mine in Morocco, while announcing plans for an additional $50 million investment in the country. The company's new processing plant, which began construction......

Moroccan Billionaires Akhannouch and Benjelloun Hold Strong on Forbes Global List Amid Political Tensions

Morocco's Head of Government Aziz Akhannouch and banking magnate Othman Benjelloun maintain their positions among global billionaires, according to Forbes' latest rankings. Akhannouch's net worth stands at $1.6 billion, securing the 1999th position globally and 14th in Africa, while Benjelloun......

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