Economy

Spain's CaixaBank and Cofides have committed to financing Acciona's ambitious endeavor to construct a new desalination plant in Morocco. Each organization will extend a loan of €31 million, supporting a project valued at a total of €650 million. This significant investment will be managed......

Amidst the lingering reverberations of the coronavirus pandemic, a recent survey conducted by the Arab Barometer has unveiled a disheartening reality: only one-third of Moroccans hold a positive view of their nation's economic situation. This sobering statistic resonates through the findings of the......

Morocco's National Judicial Agency, a stalwart guardian of state finances since its establishment in 1928, has announced the recovery of a staggering $7.2 million in misappropriated public funds during the fiscal year 2022. This achievement underscores the agency's unwavering commitment to safeguarding......

Anticipation builds as the Marhaba operation gears up for a surge of returning expatriates. In a significant development marking the commencement of the Marhaba 2024 operation, the first ship carrying approximately 220 Moroccan expatriates (MREs) arrived at the port of Al Hoceima on Saturday. This annual......

Morocco has secured the 113th spot among 188 nations in the latest 2024 World Citizenship Report, published by consultancy CS Global Partners. This comprehensive report evaluates countries based on five key motivators for high-net-worth individuals (HNWIs): safety, economic opportunity, quality of life,......

In a transformative move for Morocco’s energy sector, the Managem Group, an eminent Moroccan mining enterprise, has broadened its horizons by acquiring Sound Energy Morocco East Ltd. This acquisition signifies a pivotal expansion into the upstream natural gas market, underscoring the escalating......

Amidst a prolonged drought and a significant rain deficit over the past five seasons, the Moroccan National Office of Electricity and Drinking Water (ONEE) has issued a fervent call for the judicious use of drinking water during the upcoming Eid Al Adha festivities. The observance of Eid Al Adha, set......

In a financial transaction worth 307 million Moroccan dirhams, Compagnie de Transports au Maroc (CTM) has secured a 51% stake in Africa Morocco Link (AML), bolstering its position in the multimodal transport sector. CTM confirmed today, June 14, 2024, that it has acquired all the shares previously held......

Survey Attributes Lingering Financial Strain to Post-Pandemic Challenges In a recent survey conducted by the Arab Barometer, only one-third of Moroccans expressed optimism about their country's economic situation. The survey, which took place from December 2023 to January 2024, highlights the enduring......

In a stark reality unveiled by the World Economic Forum's Global Gender Gap Report, Morocco finds itself entrenched among the bottom echelons, occupying the 137th position out of 146 nations evaluated. This disheartening ranking places the North African nation in the company of countries grappling......

The sun-drenched nation of Morocco is embarking on an ambitious €84 million initiative to revitalize its forests, watersheds, and rural communities. Approved by the African Development Bank, this sweeping "Inclusive and Sustainable Development Project for Forest Areas" aims to bolster......

In a move aimed at facilitating the internationalization of French companies towards the Maghreb region, the public investment bank Bpifrance has announced the launch of a dedicated fund, following a promise made by President Emmanuel Macron. This initiative underscores the government's commitment......

Economists Highlight Infrastructure and Workforce as Key Catalysts In a remarkable economic milestone, Morocco's net flow of foreign direct investment (FDI) soared to MAD 13.1 billion (approximately $1.34 billion) by the close of April, reflecting a substantial 48.6% increase compared to the same......