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OCP Group's Financial Resilience: Turnover Surges Amid Market Volatility

In a testament to its adaptability and market prowess, OCP Group, a major player in global phosphate production, has reported a remarkable 15% increase in turnover for the first half of 2024. This impressive growth, reaching MAD 43.25 billion ($4.25 billion), comes despite challenging market conditions,......

EU's Declining Appetite for Moroccan Tomatoes: Imports Drop by 6.8%

The European Union's demand for Moroccan tomatoes has experienced a noticeable dip this season, with imports from the North African nation dropping by 6.8% compared to the previous year. This decline follows a record high in Moroccan tomato imports to the EU in 2022, marking the steepest decline......

Surging Liquidity Demand in Morocco: Central Bank's Strategic Response

Morocco's Banking Sector Faces Heightened Liquidity Needs In a recent report by Morocco's central bank, Bank Al-Maghrib (BAM), July saw a notable rise in liquidity demand within the country's banking sector. The average weekly requirement soared to MAD 125.3 billion, surpassing June's......

AML Enhances Summer Transport as Marhaba 2024 Commences

Africa Morocco Link (AML) Unveils Expanded Ferry Service for Summer Travelers In anticipation of the bustling summer travel season, Africa Morocco Link (AML) has unveiled an extensive strategy to accommodate the increased demand expected from the Marhaba 2024 operation. This initiative, organized by......

Morocco's Economy Gains Momentum: Forecasts Point to 3.2% Growth in Q3 2024

In a testament to its economic resilience, Morocco is poised to witness a notable uptick in growth, with forecasts indicating a 3.2% expansion in the third quarter of 2024. This projection, an increase from the 2.9% growth recorded in the preceding quarter, underscores the nation's ongoing economic......

Moroccan Produce Sector Navigates Turbulent Season with Mixed Results

As the early Moroccan fruit and vegetable season draws to a close, industry insiders report a complex landscape of challenges and opportunities that have shaped this year's export performance. Despite facing numerous obstacles, including European farmer strikes, unpredictable weather patterns, and......

Paris Paints a Picture of Promise: Healthy Travel Demand Ahead of Summer Olympics

As the City of Lights prepares to take center stage for the 2024 Summer Olympics, travel data reveals a promising picture. Paris is witnessing a surge in demand, yet opportunities for last-minute deal hunters remain. With roughly a month until the torch-lighting ceremony on July 26, more than 75% of......

Royal Air Maroc Expands Network for Busy Summer Travel Season

As summer approaches, Royal Air Maroc (RAM), Morocco's national airline, is gearing up for an anticipated surge in passenger demand by significantly enhancing its network and seat capacity. The airline's strategic expansion aims to provide travelers with more options and improved connectivity......

Moroccan Economy Shows Resilience in Challenging Times

The Moroccan economy demonstrated resilience in 2023, growing at a rate of 3.4% according to recently released national accounts data from the High Commission for Planning (HCP). This faster pace of expansion comes despite high inflation and marks an improvement over the prior year's growth of 1.5%.  Domestic......