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Keywords: Growth


Morocco's Economic Resilience: S&P Forecasts Sustained Growth Amid Reforms

Morocco's economy is poised for sustained growth, according to a recent report by S&P Global Rating. The international credit rating agency has highlighted ongoing economic reforms in the North African kingdom, predicting that these measures will foster more inclusive and resilient economic expansion......

Morocco's Tourism Sector Soars: Record-Breaking Foreign Currency Revenues in 2024

Morocco's tourism industry has achieved unprecedented success, with foreign currency revenues reaching a record high of MAD 17 billion (approximately $1.74 billion) in August 2024. This remarkable performance represents a significant 20% increase compared to the same period last year, according to......

Morocco's Cultural Shift: From Consumer to Creator in the Creative Economy

In a bold move to reshape Morocco's cultural landscape, Minister of Youth, Culture, and Communication Mohamed Mehdi Bensaid has called for a transformation in the nation's approach to cultural and creative industries (CCIs). Speaking at the opening of the second edition of the CCI Sessions in......

Morocco's Aviation Sector Soars: A Catalyst for Economic Growth and Sustainability

Morocco's aviation industry is emerging as a powerful engine of economic development, with projections indicating a 50% growth in the sector by 2043. This expansion is set to significantly boost the country's GDP and advance its ambitious sustainability goals, according to recent insights shared......

Morocco's Trade Imbalance Grows: Exports Rise, but Imports Surge Faster

Morocco's trade deficit expanded to 196.85 billion dirhams ($19.3 billion) by the end of August 2024, marking a 3.2% increase from the previous year. This widening gap between imports and exports highlights the ongoing challenges faced by the North African nation in balancing its international trade. The......

Moroccan Investors Make Waves in Mexico's Booming Hotel Industry

Morocco's business acumen is making its mark on Mexico's thriving tourism sector, with Moroccan investors seizing lucrative opportunities in the country's most sought-after vacation destinations. Ambassador Abdelfattah Lebbar recently revealed that Moroccan entrepreneurs have already established......

Morocco's Economic Resilience Tested: Mixed Sector Performance in Q2 2024

Morocco's economy faced a challenging landscape in the second quarter of 2024, with growth slowing to 2.4%, down from 2.5% in the same period last year. This slight deceleration masks significant shifts across various sectors, painting a complex picture of the nation's economic health. Primary......

Phosboucraa Foundation: Catalyzing Sustainable Growth in Morocco's Southern Provinces

The Phosboucraa Foundation, established in 2014, has emerged as a significant force for sustainable socio-economic development across Morocco's southern provinces in the Western Sahara. According to its 2023 annual report, the foundation's initiatives have benefited over 200,000 individuals,......

Moroccan Firm Challenges Global Spread Market with Strategic Italian Acquisition

In a significant move that could reshape the global spreads industry, Teralys, a subsidiary of Moroccan royal holding company Al Mada, has announced its acquisition of Italian agro-industrial group Nutkao for €450 million. This strategic purchase positions Teralys as a formidable competitor to established......

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