Economy
Portugal is facing growing financial pressure after severe winter storms caused billions of euros in damage and complicated the government’s efforts to maintain a balanced budget in 2026. Speaking before parliament in Lisbon, Economy Minister Manuel Castro Almeida acknowledged that reaching a......
Head of Government Aziz Akhannouch opened the national forum on investment and Moroccans living abroad, held under the high patronage of His Majesty King Mohammed VI. The forum focused on a national strategy to transform diaspora remittances into productive investment that supports growth and job creation. The......
Morocco has raised €2.25 billion through an international bond issuance, reinforcing its access to global capital markets as the country continues to finance large-scale infrastructure and development programs. The operation was split into two tranches with maturities set for 2034 and 2038, reflecting......
Morocco's ambassador to the United Kingdom, Hakim Hajoui, traveled to Manchester on Friday to present the country's investment opportunities to a broad audience of British business leaders, in a meeting designed to deepen economic ties between the two nations. The event reflected a deliberate......
The Governor of the Bank of Portugal, Alvaro Santos Pereira, was required to divest personal shareholdings following a review by the European Central Bank, according to official statements released by the central bank. Shortly after assuming office, Santos Pereira had purchased shares in major Portuguese-listed......
Finance ministers from Germany, Italy, Spain, Portugal, and Austria have urged the European Commission to introduce an EU-wide windfall tax on energy companies, as fuel prices surge בעקבות geopolitical tensions. In a joint letter dated April 3 and addressed to climate commissioner Wopke Hoekstra,......
A new analysis has found that solar generation across Europe saved the continent more than €3 billion in fossil fuel import costs during March, as the war in Iran drove sharp increases in oil and gas prices and revived fears of an energy crisis across the bloc. The findings underscore how rapidly......
Europeans rush toward used electric vehicles as Iran war-driven gasoline price spikes bite. Online car sales platforms report sharp demand increases continent-wide. Consumers seek cheaper, immediate EV alternatives amid fuel cost surges. The conflict began February 28 with US and Israeli strikes on......
The International Monetary Fund has revised down its growth projection for Morocco, now forecasting real GDP expansion of 4.4% in 2026 and 4.5% in 2027, with growth expected to stabilize around 4% over the medium term. The updated figures, released following the IMF Executive Board's 2026 Article......
The conflict in the Middle East is reshaping the global energy debate as rising oil and gas prices renew calls for a faster transition to renewable power. As the military confrontation involving the United States, Israel and Iran enters its second week, disruptions to fossil fuel supply chains have......
Morocco exported a record 112,000 tons of avocados between September 2024 and August 2025, marking a significant milestone in the country’s agricultural export sector. Data from EastFruit highlights that this represents a “new all-time high,” with export revenues surpassing $300 million......
The seventh session of the Joint Commission on Economic, Trade, and Technical Cooperation between Morocco and China took place on Tuesday in Beijing. The session, part of the ongoing strategic partnership established in 2016, was co-chaired by Morocco’s Minister of Industry and Trade, Ryad Mezzour,......
The Moroccan Forum of Cultural and Creative Industries (FOMICC) opened in Rabat for its third edition, showcasing the growing cultural sector's ambition to play a pivotal role in the national economy. Running from December 11 to 14 at the National Institute of Music and Choreographic Arts (INSMAC),......
