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Keywords: Economic


Abdelmadjid Tebboune Secures Second Term as Algeria's President Amid Reforms and Challenges

In a landmark decision reflecting the will of the Algerian people, incumbent President Abdelmadjid Tebboune has emerged victorious in the recent presidential elections, securing a second term in office. The elections, held on April 10, 2024, saw Tebboune receive an overwhelming majority of the votes,......

China and Spain: Allies in a Changing World

In a historic visit, President Xi Jinping of China warmly welcomed Spanish Prime Minister Pedro Sánchez, underscoring the strong bond between these two nations. As defenders of peace and champions of the multilateral order, China and Spain stand united in addressing the pressing challenges of......

Morocco's Coal Imports Surge: A Shift in African Energy Dynamics

In a significant development for African energy markets, Morocco has emerged as the continent's leading importer of U.S. thermal coal during the first half of 2024. The North African nation's purchases have skyrocketed to 2.8 million tonnes, marking a remarkable 100% increase from the previous......

Morocco Champions Enhanced China-Africa Partnership for Continental Progress

Morocco is taking a leading role in advocating for stronger collaboration between China and Africa, viewing this partnership as a cornerstone for the continent's future development. This stance was prominently displayed at the recent Forum on China-Africa Cooperation (FOCAC) summit, where Morocco's......

Trump Endorses Elon Musk-Led Plan for Government Spending Overhaul

In a recent speech at the Economic Club of New York, former President Donald Trump revealed a bold initiative for streamlining federal spending, vowing to adopt a government efficiency plan backed by billionaire entrepreneur Elon Musk. The plan, should Trump return to the White House, would be centered......

Morocco's Economic Ascent: Navigating Reforms for Future Growth

Morocco is charting a promising path toward growth and stability, propelled by strategic reforms and key sectors such as automotive and tourism, according to a recent report by Geopolitical Intelligence Services (GIS). These efforts, alongside hosting the 2030 World Cup, are set to enhance Morocco's......

US-Morocco Free Trade Agreement: 20 Years On, Economic Gains Fall Short of Expectations

Two decades after the United States and Morocco inked their Free Trade Agreement (FTA), the economic landscape presents a mixed picture. While bilateral trade has surged from $1.3 billion in 2006 to $5.5 billion in 2023, the anticipated economic windfall for Morocco remains elusive, according to a recent......

Morocco's Inflation Stabilizes Amidst Economic Headwinds

Despite the challenges, the report noted that the risks of runaway inflation have diminished, with Morocco maintaining a relatively stable economy compared to other countries facing similar pressures. Morocco has managed to avoid a wage-price spiral despite the persistent inflationary pressures in 2023,......

Agdez Dam: A Beacon of Hope Against Water Scarcity in Draa-Tafilalet

The Agdez Dam, inaugurated in April 2023 and situated approximately 100 kilometers from Zagora, is poised to play a pivotal role in addressing the region's water scarcity. This ambitious infrastructure project, spanning 940 hectares and rising 130 meters high, aims to significantly enhance the hydraulic......

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