Keywords: 2024
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......
Recent data from Eurostat reveals a significant increase in Morocco's pharmaceutical imports from the European Union in 2024, although the country’s exports to the EU remain limited. According to the statistics, Morocco imported €559 million worth of medical and pharmaceutical products......
Both houses of the Parliament are set to convene this Friday for plenary sessions marking the start of the April session of the 2024-2025 legislative year. The House of Representatives will officially begin its second session of the legislative year on Friday at 11:00 AM, in accordance with Article......
Al Barid Bank has announced remarkable financial results for the year 2024, with its Group Net Profit reaching MAD 871.38 million ($87.14 million), reflecting a staggering 196% increase compared to 2023. This impressive performance was unveiled during a Supervisory Board meeting on March 28. The bank's......
In 2024, Morocco's extractive sector experienced a notable boost, thanks to the phosphate industry. The sector finished the year with a 21% growth in its production index, reversing the previous year’s decline of 5.3%, according to the Directorate of Studies and Financial Forecasts (DEPF),......
Morocco’s manufacturing industry, excluding petroleum refining, experienced a 5% growth in production during the final quarter of 2024 compared to the same period in 2023. This growth reflects the resilience and diversification of the country’s industrial base, driven by key sectors that......
In a recent meeting chaired by Mr. Lotfi Sekkat, the Board of Directors of CIH Bank convened on two occasions—February 26 and March 11, 2025—to review the bank's performance and consolidated financial results for the year ending December 31, 2024. These results were unveiled on March......
Moroccan wholesale trade sector sees growth amid challenges for services Morocco’s wholesale trade sector demonstrated resilience in late 2024, with 36% of enterprises reporting an uptick in sales during the fourth quarter, as revealed by a survey conducted by the High Commission for Planning......
The Royal Moroccan Football Federation (FRMF) has officially announced that the draw for the final stages of the 2023-2024 Coupe du Trône will take place next Tuesday. According to the FRMF, the ceremony, which will determine matchups from the round of 16 through to the semi-finals, is scheduled......
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