Economy
Morocco is stepping up its efforts to deepen trade relations with Egypt. From May 3 to 5, a high-level Moroccan economic delegation, comprising both institutional representatives and private sector leaders, is on an official visit to Cairo. The aim is to boost bilateral relations and enhance commercial......
Morocco's trade deficit has surged dramatically in the first quarter of 2025, reaching MAD 71.63 billion ($7.1 billion), marking a 16.9% increase compared to the same period last year. This troubling statistic, released by the Office des Changes, underscores a significant imbalance in the country's......
British mining company Emmerson Plc has taken a significant legal step by filing a formal request for arbitration on May 1 before the International Center for Settlement of Investment Disputes (ICSID). The firm alleges that Morocco has unlawfully expropriated its potash project located in Khemisset. Valued......
Morocco's Minister of Transport and Logistics, Abdessamad Kayouh, has recently unveiled a comprehensive reform plan aimed at modernizing the nation’s transport sector. This initiative is centered on improving public safety, upgrading infrastructure, and enhancing service quality across diverse......
The Moroccan government has unveiled a bold new initiative aimed at improving job prospects for youth lacking formal qualifications. This groundbreaking program marks a significant shift in employment strategies, focusing on inclusion and practical support for a demographic that has often been overlooked. In......
Spain has expressed profound gratitude to Morocco for its significant assistance in resolving the massive blackout that recently afflicted the country, impacting tens of millions across the Iberian Peninsula. In a week marked by widespread disruption to businesses, hospitals, transit systems, and cellular......
Morocco plays a crucial role in two specific segments of the global barite market, both closely monitored through monthly reports by Fastmarkets. The first and more valuable segment involves raw, unprocessed barite with a specific gravity of 4.2, typically sold in bulk. This high-quality barite meets......
Morocco showcased its economic strengths and investment opportunities during the “Morocco Now” conference held on Tuesday in Madrid. The event, themed “Investing together for a sustainable and shared future,” attracted major economic players from both Morocco and Spain. It aimed......
The Tanger Med Port concluded the 2024 fiscal year with an impressive revenue of MAD 11.23 billion ($1.212 billion), reflecting a robust increase of 12.3% compared to the previous year. This prominent Moroccan port has established itself as a pivotal regional hub, facilitating significant national imports......
Morocco’s Direct Housing Support Program has successfully reached 48,000 beneficiaries since its inception on January 2, 2024. The program has secured funding totaling MAD 3.8 billion (approximately $380 million), according to Fatima Zahra El Mansouri, Minister of National Territory Planning, Urban......
British banking giant Standard Chartered has officially inaugurated its new branch in Casablanca's Casa Anfa business district, marking a significant milestone in its African strategy. The legal registration with the Casablanca Commercial Court, dated April 25, 2025, underscores the bank's commitment......
Morocco's military spending has seen a notable increase of 2.6% in 2024, amounting to $5.5 billion. This growth is largely attributed to an enhanced personnel budget for the Royal Armed Forces (FAR) and aligns with a broader global trend, where military expenditures have surged by 9.4% compared to......
Morocco’s journey in energy transition appears to be on track, as the country’s energy efficiency approach is projected to yield energy savings of 20% by 2030. The Moroccan Energy Investment Company (SIE) has recently launched a call for interest aimed at selecting industrial companies that......
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