Keywords: Morocco economy
New trends include links to sports betting, pyramid schemes, and cryptocurrency transactions. The Moroccan Financial Intelligence Unit (ANRF) has documented a sharp 31.48% increase in cases of money laundering and terrorism financing in 2023, as revealed in its latest annual report. A total of 71 cases......
A recent report from the World Bank Group, International Debt Report 2024, reveals that Morocco's external debt surged to $69.267 million in 2023, a significant increase from $27.3 million in 2010. The report provides an in-depth analysis of the debt’s composition and the conditions of Morocco’s......
Morocco’s Ministry of Economy and Finance is exerting pressure on tobacco companies to raise cigarette prices following disappointing revenue collections from the Domestic Consumption Tax (TIC) on manufactured tobacco. Sources within the ministry indicate that these tax revenues have fallen below......
Morocco Achieves Major Milestone with Vice-Presidency of GFIA Morocco has achieved a landmark in the global insurance sector, with Bachir Baddou’s election as Vice President of the Global Federation of Insurance Associations (GFIA). The election, held during the GFIA General Assembly in Cape Town......
The Finance, Planning, and Economic Development Committee of the House of Councillors has officially approved the first part of the 2025 Finance Bill. This decision came after a majority vote on Monday, with the proposal passing 12 votes in favor, 2 against, and one abstention. The government responded......
Morocco's tourism industry faces growing challenges as the country’s position in the World Economic Forum’s Travel & Tourism Development Index drops 12 spots to 82nd out of 119 nations. The decline highlights the persistent issues within the sector, particularly in infrastructure......
Morocco's aerospace sector has seen significant growth in 2024, with exports reaching MAD 21.86 billion ($2.16 billion), marking an impressive 17.3% increase compared to the previous year. This rise reflects a robust performance, particularly in the assembly segment, which alone grew by 26.9%, bringing......
Morocco’s economy continues to benefit from robust remittances sent by its diaspora, with recent data from the country’s Exchange Office revealing that these transfers reached MAD 100.290 billion ($10 billion) by the end of October 2024. This marks a notable increase from MAD 96.51 billion......
Sonasid, Morocco’s leading steel producer, has announced a 5% rise in sales, reaching MAD 3.704 billion by the end of September 2024. This growth is attributed to a 12% increase in sales volumes over the first nine months of the year, reflecting the company's effective strategies and investments. A......
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