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Keywords: Economic
The Moroccan economy generated 82,000 new jobs in 2024, marking a significant recovery from the previous year's loss of 157,000 positions, according to the High Commission for Planning (HCP). This growth emerged primarily from urban areas, which added 162,000 jobs, while rural regions experienced......
Remittances from Morocco's diaspora reached MAD 117.7 billion ($11.7 billion) in 2024, marking a 2.1% increase from the previous year's MAD 115.26 billion ($11.4 billion), according to data from the Moroccan Exchange Office. The significant financial inflow maintains Morocco's position as......
Morocco's tourism sector has achieved remarkable success, with travel revenues soaring to MAD 112.5 billion ($11.1 billion) in 2024, marking a 7.5% increase from the previous year, according to data released by the Exchange Office. The surge in tourism activity is reflected in both revenue and visitor......
In a significant shift in international trade policy, US President Donald Trump has announced substantial tariffs on imports from Mexico, Canada, and China. The sweeping measures, revealed on Saturday, impose a 25% tariff on Mexican and most Canadian imports, while Chinese goods will face a 10% tariff......
The Moroccan government has made significant strides in its anti-corruption agenda, public debt management, and water resource optimization, according to a recent update from government spokesperson Mustapha Baitas. Speaking at a press briefing following the weekly government council meeting, Baitas......
The Minister of Economic Inclusion emphasized that short-term training is crucial for equipping rural job seekers with practical skills. Morocco’s government is preparing to launch a new initiative aimed at addressing unemployment in rural areas, with an allocation of MAD 1 billion ($100 million)......
In a significant gathering in Casablanca, Morocco’s General Confederation of Enterprises (CGEM) engaged with an International Monetary Fund (IMF) delegation to discuss pressing socio-economic priorities. Led by CGEM Vice President Mehdi Tazi, the meeting featured various commission heads and emphasized......
Morocco has achieved a remarkable milestone in its tourism sector, welcoming 17.4 million visitors in 2024, exceeding its 2026 target two years ahead of schedule. Head of Government Aziz Akhannouch announced these figures during a parliamentary session focused on tourism policy. The country experienced......
The European Bank for Reconstruction and Development (EBRD), in collaboration with the European Union (EU), has announced a €20 million loan to support young entrepreneurs in Morocco. The funding, provided in local currency, will primarily target micro, small, and medium-sized enterprises (MSMEs)......
