Keywords: Moroccan economy
Morocco’s Tourism Minister Fatim Zahra Ammor has lauded Achraf Fayda, the newly appointed General Director of Morocco’s National Office of Tourism (ONMT), as a key figure in the country's ongoing efforts to enhance its tourism sector. At Fayda’s official appointment ceremony in......
The European Union's latest banking regulations, initially designed to address post-Brexit financial concerns, have inadvertently raised alarms in Morocco. These new rules threaten to disrupt a crucial economic lifeline for the North African nation – remittances from its diaspora in Europe. In......
In a significant development for Morocco's financial sector, the Saham Group has received the green light to acquire Société Générale Maroc, a prominent banking institution. This strategic move, approved by the country's regulatory authorities, marks a pivotal moment......
Morocco's economic landscape reveals significant regional variations, with five regions surpassing the national average GDP per capita of 36,284 Moroccan dirhams (MAD) in 2022, according to a recent report from the High Commission for Planning (HCP). The southern region of Dakhla-Oued Eddahab stands......
A recent survey by Sunergia has highlighted widespread dissatisfaction among Moroccans regarding the recent hike in gas cylinder prices. The increase, effective from May 20, raised the cost of a 12 kg cylinder from MAD 40 to MAD 50, aligning with the government's plan to gradually eliminate butane......
Morocco's economic landscape in 2023 painted a picture of resilience and adaptability, as the nation navigated through a complex web of global and domestic challenges. The World Bank's latest report sheds light on the country's economic performance, revealing a commendable 3.4% increase in......
Amidst the lingering reverberations of the coronavirus pandemic, a recent survey conducted by the Arab Barometer has unveiled a disheartening reality: only one-third of Moroccans hold a positive view of their nation's economic situation. This sobering statistic resonates through the findings of the......
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......
In a move poised to further liberalize Morocco's economy, Finance and Economy Minister Nadia Fettah Alaoui has signaled the nation's readiness to advance to the next stage of its flexible exchange rate regime. In an interview with SkyNewsArabia on Monday, Alaoui spoke optimistically about the......
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