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Throne Day Milestone: King Mohammed VI’s Commitment to Empowering the Moroccan Diaspora

As Morocco commemorates the 25th anniversary of Throne Day, the spotlight turns to the significant efforts of King Mohammed VI in championing the empowerment of the Moroccan diaspora. The monarch’s dedication to fostering positive reforms and supporting Moroccans abroad has been a recurring theme......

Morocco's New Drive to Engage Diaspora in Housing Initiatives

Diaspora members spent MAD 1.6 billion (approximately $160.7 million) through the direct housing program in the first seven months of 2024. In a strategic move to harness the potential of its diaspora, Morocco has launched a comprehensive national campaign aimed at encouraging Moroccans residing abroad......

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......

Remittances to Morocco Reaches $910 Million in January 2024

In January 2024, data from the Office d'Échange, Morocco's foreign exchange regulator, revealed that Moroccan expatriate remittances stood at $910 million USD. While this indicates a slight 2.6% decrease compared to the same period last year, these inflows continue to surpass the five-year......

Realizing Homeownership Dreams: Morocco's Bold Initiative

The Moroccan government has recently unveiled a groundbreaking initiative aimed at turning homeownership dreams into reality for a larger segment of its citizens. The response has been overwhelmingly positive, with almost 8,000 Moroccans promptly applying for direct housing support within days of the......

Moroccan Diaspora Remittances Exceed $10.65 Billion in November, Bolstering Economic Resilience

In a promising development for Morocco's economy, new data from the Exchange Office reveals that remittances from the Moroccan diaspora have reached an impressive MAD 105.4 billion, equivalent to $10.65 billion as of November. This figure represents a notable 4.4% increase compared to the same period......