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Keywords: Economic


Hirschmann Automotive expands in Morocco with new Oujda factory

Austria’s Hirschmann Automotive has officially opened a new factory in Oujda Technopole, located in Morocco’s Oriental region. The facility, spanning 22,200 square meters, is part of the “Cleantech” industrial acceleration zone and represents an investment of MAD 180 million.......

Morocco’s tourism revenues hit MAD 100 billion in first nine months of 2025

Morocco is steadily affirming its position as one of the region’s premier travel destinations, with tourism revenues reaching MAD 100 billion in the first nine months of 2025. The country welcomed 15 million visitors during this period, signaling robust growth in the sector. Data from the Foreign......

Xi calls for multilateralism at APEC summit as Trump skips regional forum

Chinese President Xi Jinping positioned Beijing as a champion of multilateral cooperation during the APEC CEO Summit in South Korea, delivering a written speech that highlighted China’s role as a key driver of global economic growth. In contrast, U.S. President Donald Trump opted to boycott the......

Ethiopia reduces foreign debt by over 80%, Boosting economic prospects

Prime Minister Abiy Ahmed announced that Ethiopia has successfully reduced its foreign debt by more than 80%, lowering it from $23 billion to $4.5 billion. This milestone marks a major achievement in the country’s economic management and fiscal discipline. The Ethiopian government......

Goldman Sachs CEO warns of looming debt reckoning for the United States

The United States is facing a potential economic reckoning as its national debt surpasses an unprecedented $38 trillion, according to warnings from David Solomon, CEO of Goldman Sachs. Speaking at the Economic Club of Washington, Solomon emphasized the critical need for sustained economic growth to address......

Trump calls for Senate rule change to end U.S. government shutdown

The United States government remains at a standstill as a budget impasse in Congress has kept it partially shut down since October 1, 2025. Former President Donald Trump has called for abolishing the Senate rule requiring a 60-vote supermajority to pass legislation, commonly known as the filibuster.......

Morocco accelerates growth in transport and logistics sectors ahead of global events

Morocco is witnessing significant progress in its transport and logistics sectors, with state operators reporting steady revenue increases driven by strategic investments and growing demand. These developments come as the country prepares to host major sporting events, including the Africa Cup of Nations......

Morocco strengthens support for oasis communities to boost sustainable date production

Morocco’s Minister of Agriculture, Ahmed El Bouari, announced an expanded national commitment to reinforcing the country’s oasis ecosystems and revitalizing its date production industry. The statement came during the opening ceremony of the 14th International Date Fair in Erfoud, held under......

Morocco’s housing aid program benefits over 71,000 citizens

More than 71,000 Moroccans have benefited from Morocco’s direct housing aid program since its launch, according to Fatima Ezzahra El Mansouri, the Minister of Urban Planning. Speaking before the House of Representatives on Monday, El Mansouri highlighted the program’s growing success and......

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