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Morocco solidifies its position among Africa's economic powerhouses

Morocco has reinforced its status as a significant economic player on the African continent, as highlighted by the magazine “Jeune Afrique” in its announcement of the 26th edition of its exclusive ranking of Africa's 500 largest companies. With a total revenue of $55.9 billion, Moroccan......

Morocco’s fish paradox: soaring exports, scarce access for locals

Despite Morocco’s extensive 3,500-kilometer coastline and abundant fishing resources, a recent survey conducted by L’Economiste and Sunergia reveals that only 38% of Moroccans consume fish once per week. Meanwhile, the majority struggle with rising prices and limited availability, painting......

Morocco's currency market update: Daily dirham exchange rates

Bank Al-Maghrib has released the latest foreign exchange rates against the Moroccan dirham for Thursday, February 13, 2025. The rates include both buying and selling prices for major global currencies. The euro is trading between 9.8029 and 11.3925 dirhams, while the US dollar ranges from 9.3996 to......

IMF recommends inflation targeting for Morocco amid strong growth outlook

Morocco's economy is poised for robust growth of 3.9% in 2025, building on its 3.2% expansion in 2024, as the International Monetary Fund advises the nation's central bank to implement an inflation-targeting framework and enhance debt reduction initiatives. The country has demonstrated remarkable......

Moroccan dirham shows mixed performance as central bank boosts financial system

The Moroccan dirham demonstrated varied performance in foreign exchange markets during January 16-22, appreciating 0.6% against the US dollar while declining 0.5% against the euro, according to Bank Al-Maghrib (BAM). During this period, BAM reported no currency auction operations in the foreign exchange......

Morocco’s Tanger Med Port achieves historic milestone in global trade

Morocco’s Tanger Med Port has solidified its position as the Mediterranean’s largest port, achieving a historic milestone by handling 10.24 million containers in 2024. This represents an impressive 18.8% increase compared to the previous year, as reported by the country’s Press Agency......

Morocco’s exports set to rise 7.7% in 2025, driven by automotive and aerospace sectors

Morocco’s exports of goods and services are projected to grow by 7.7% in 2025, building on a robust 7.9% increase in 2024, according to the latest report from the country’s Forecasts and Statistics Office (HCP). The growth is attributed to sustained international demand, particularly in the......

Morocco’s economic growth to reach 4.2% in 2025, driven by domestic demand

Morocco’s economic outlook remains positive, with domestic demand expected to fuel a 4.2% growth in 2025, according to the latest projections from the High Commission for Planning (HCP). This follows an estimated 4.9% growth in 2024, highlighting the central role of domestic demand in sustaining......

36% of Moroccans Lack Retirement Plans, Survey Reveals Stark Inequalities in Pension Coverage

A recent survey conducted by market research group Sunergia has uncovered significant gaps in retirement planning among Moroccans, highlighting widespread inequalities in access to pension coverage. The findings reveal that while 59% of Moroccans benefit from employer-provided retirement plans, a staggering......