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Moroccan Diaspora Boosts Economy with $2.7 Billion in Remittances

Morocco's strategic efforts to engage its diaspora have paid off significantly, with $2.7 billion in remittances received by the end of March 2024. Although slightly lower than the same period last year, this substantial inflow underscores the crucial role that Moroccans living abroad play in driving......

British Firm Chariot Commences Drilling at Moroccan Onshore License

British energy company Chariot has commenced drilling operations at the Loukos Onshore license in Morocco, marking a significant milestone in its exploration efforts. Chariot, based in London, holds a 75% stake in the license, with the national hydrocarbons agency ONHYM owning the remaining 25%. Chariot......

Morocco's Trade Deficit Narrows as Import Costs Drop

Morocco's persistent trade deficit is showing signs of improvement as the cost of imports declines while exports continue to rise. According to the latest figures from the Office d'Exchange (OE), the trade imbalance contracted by 14% in March 2024, with import costs falling by 4% year-over-year......

Moroccan Authorities Uncover Multinational Cocaine Trafficking Scheme

In a major drug bust, Moroccan security forces in Tangier are investigating an audacious attempt to smuggle over 27 kilograms of cocaine into the country. The illicit shipment, which originated in Brazil, was headed to Greece when customs officials at the Tangier Mediterranean port received a tip-off......

Tanger Med Port Thwarts Major Cocaine Trafficking Attempt

In a significant drug bust, Moroccan authorities at the Tanger Med port have uncovered a bold attempt to smuggle a substantial quantity of cocaine through the maritime gateway. The Tangier Judicial Police launched a comprehensive investigation on Sunday after a shipment from Brazil, destined for Greece,......

LOEWE Celebrates Moroccan Artisanal Heritage, Pledges Support Amidst Crisis

LOEWE, the renowned Spanish luxury house, recently used social media to honor the invaluable contributions of Moroccan artisans and their timeless craftsmanship. The brand's post, a captivating display of exquisite handbags and traditional Moroccan elements, highlighted its long-standing collaboration......

Al Ahly Threatens FIFA Intervention in Mohamed Chibi Assault Case

Amidst ongoing controversy surrounding the assault on Moroccan player Mohamed Chibi, Al Ahly Football Club has issued a letter to the Egyptian Football Federation, urging a prompt and conclusive resolution to the matter before recourse to FIFA intervention. As per the club's official statement,......

Morocco's Manufacturing Renaissance Propels Export Surge

Morocco's export sector is undergoing a renaissance, driven by growth in key industries like automotive, aerospace, and electronics. This upward trajectory, along with declining imports, has narrowed the country's trade deficit, providing a significant boost to its economy. Data from the Moroccan......

Promoting Morocco as a Destination: ONMT Targets Gen Z through TikTok

In an effort to capture the interest and wanderlust of Generation Z, also known as "Generation Zoomers," the Moroccan National Tourism Office (ONMT) has launched a groundbreaking initiative to connect with younger audiences through the immensely popular platform, TikTok. This innovative project......