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Rabat Basks in Tourism Boom, Welcomes Record Overnight Stays

In a remarkable display of Morocco's burgeoning tourism prowess, the enchanting city of Rabat has recorded an impressive 257,472 overnight stays in classified tourist establishments by the end of April this year. This figure, as reported by the esteemed Moroccan Tourism Observatory, represents a......

Morocco's Pioneering Strides in Artificial Intelligence Spotlighted at the AU Peace and Security Council

Addis Ababa, Ethiopia. Morocco's unwavering commitment to advancing artificial intelligence (AI) took center stage on Thursday as the Moroccan delegation presented before the African Union's (AU) Peace and Security Council (PSC). The public session, themed "Envisioning the Future: Artificial......

Morocco's Tourism Renaissance: An $8 Billion Investment Odyssey

In a bold move to ignite a tourism renaissance, Morocco embarked on an $8 billion investment odyssey in 2023, according to Tourism Minister Fatima-Zahra Ammor. This substantial injection of funds has set the stage for a remarkable transformation within the country's tourism sector, capturing the......

Morocco’s Foreign Direct Investment Surges to Record MAD 13.1 Billion

Economists Highlight Infrastructure and Workforce as Key Catalysts In a remarkable economic milestone, Morocco's net flow of foreign direct investment (FDI) soared to MAD 13.1 billion (approximately $1.34 billion) by the close of April, reflecting a substantial 48.6% increase compared to the same......

Spain Heads EU Trade Surge with Morocco in 2023

In a significant development for European-Moroccan trade relations, Spain has solidified its position as the leading exporter from the European Union to Morocco in 2023. According to the latest figures from the Spanish Embassy in Rabat, Spain commanded an impressive 36.8% of the EU's total exports......

Wholesale Trade Activity Maintains Steady Rhythm in Q1

The wholesale trade sector demonstrated overall stability during the first quarter (Q1), according to the latest figures from a survey conducted by the High Commission for Planning (HCP). Forty-seven percent of business leaders reported steady sales in the domestic market, while 29% experienced a decline. This......

Daily Press Review - June 13, 2024

Omar Hilale at the UN: Algeria Must Recognize the Failure of Its Separatist Project in the Sahara During the regular session of the UN's Committee of 24 (C24), Morocco's ambassador to the United Nations, Omar Hilale, emphasized on Tuesday in New York that Algeria, the main party in the regional......

Spain Greenlights Mutual Driving License Recognition with Morocco

Spain has taken a significant step to ease the process for Moroccan professional drivers to validate their licenses, removing the necessity for prior theoretical tests. This move marks an important milestone in the collaborative efforts between the two nations in the realms of traffic and transportation. According......

Navigating Morocco's Housing Sector: Pricing Paradox Amid Transaction Downturn

In a curious twist of fate, Morocco's real estate market encountered a puzzling dynamic in the first quarter of 2024. While property prices showed a modest upward trend, the volume of transactions sharply declined, casting a perplexing shadow over the sector's dynamics. Data released by Bank......