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Morocco's untapped gas potential faces mounting domestic demand

Despite active exploration efforts and international investment, Morocco's quest to develop substantial natural gas resources continues to yield modest results in the face of rising domestic energy consumption. Sound Energy CEO Graham Lyon highlighted the challenges and opportunities in the country's......

Global gold demand soars to record levels in 2024

Global gold demand is set to reach unprecedented levels in 2024, driven by a mix of economic uncertainties, increasing geopolitical tensions, and a surge in gold purchases by central banks. According to the World Gold Council’s annual report, total gold demand is expected to hit 4,974 tons in 2024,......

Southern Morocco faces escalating water demand crisis by 2050

Southern Morocco is bracing for a dramatic surge in water demand over the next three decades, driven by population growth, urban expansion, and persistent drought conditions. Recent projections highlight the urgent need for strategic interventions to ensure sustainable water access in the region. According......

Global natural gas consumption hits record in 2024

Global natural gas consumption reached a historic high in 2024, according to the International Energy Agency (IEA), which anticipates a "tight" market in 2025. The world consumed 115 billion cubic meters more natural gas than in 2023, a 2.8% increase, well above the average growth rate of 2%......

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......

Morocco emerges as a top destination for Russian tourists in 2024

In 2024, Morocco stands out as one of the most sought-after destinations for Russian tourists, with an impressive 81% surge in visa applications, despite increasing global competition and stricter visa regulations in other regions. Russian travelers expanded their international journeys significantly,......

Morocco's Economic Pulse: Domestic Demand Drives Growth Amid Infrastructure Push

Morocco's domestic demand demonstrated remarkable strength in the fourth quarter of 2024, posting a 5.4% increase and emerging as a key driver of the nation's economic expansion, according to Morocco's High Commission for Planning (HCP). This robust domestic performance contributed significantly......

ONEE Secures €104.7 Million AfDB Grant to Enhance Water Systems and Digitalization

The funding aims to address Morocco's urban water demands and modernize supply systems in response to climate and population pressures. Morocco’s National Office of Electricity and Drinking Water (ONEE) has secured €104.7 million (MAD 1.15 billion) in funding from the African Development......

Morocco’s Domestic Tourism: A Bold Plan to Break Seasonal Barriers

Morocco’s domestic tourism sector is experiencing a significant boost, with over 30 million overnight stays recorded recently, according to Tourism Minister Fatim-Zahra Ammor. Speaking to Parliament, Ammor described Moroccan tourists as the sector’s “top clients,” emphasizing......