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Morocco's Coal Imports Surge: A Shift in African Energy Dynamics

In a significant development for African energy markets, Morocco has emerged as the continent's leading importer of U.S. thermal coal during the first half of 2024. The North African nation's purchases have skyrocketed to 2.8 million tonnes, marking a remarkable 100% increase from the previous......

Booking.com Hit with Record €413 Million Fine in Spain: Reshaping the Online Travel Landscape

In a seismic shift for the travel industry, Spain's competition watchdog has imposed a staggering €413 million fine on Booking.com, the dominant online travel agency. This unprecedented penalty, the largest ever issued by the Spanish regulator, addresses what authorities describe as a clear......

Morocco's Blueberry Exports Skyrocket: A 25% Surge to Record 67,300 Tons

Morocco's agricultural sector has achieved a remarkable milestone during the 2023-2024 season, with blueberry exports reaching unprecedented levels. According to a report from EastFruit, the North African nation has set a new record in blueberry shipments, marking a robust expansion in both volume......

Navigating the Path to Prosperity: Morocco’s Strategic Transition to High-Income Status

Morocco stands at a pivotal crossroads as it seeks to transition to high-income status. The World Bank’s 2024 World Development Report, titled “The Middle Income Trap,” outlines a comprehensive roadmap for over 100 middle-income nations, including Morocco, to achieve this ambitious......

Morocco's Bold Leap into Derivatives Trading: Financing the 2030 World Cup Dream

As Morocco gears up to co-host the 2030 FIFA World Cup alongside Spain and Portugal, the North African nation is embarking on an ambitious plan to revamp its financial sector. In a move that promises to revolutionize the country's capital markets, Morocco is set to introduce derivatives trading this......

Capital Market Fundraising Slows in Early 2022

Morocco's capital markets saw a slight decline in fundraising during the first four months of the year, according to data released by the country's markets regulator. Total funds raised from January through April reached 33.09 billion dirhams (US$ 3.3 billion), a decrease of around 450 million......

The Bittersweet Reality: A New Wave of Price Hikes Hits Fruits and Vegetables

In a turn of events that is leaving consumers' wallets lighter, a fresh surge in prices is sweeping across Morocco's fruit and vegetable markets. This latest bout of inflation is a multifaceted phenomenon, driven by a perfect storm of climatic vagaries, the lifting of import duties by Mauritania,......

Revitalizing Morocco's Weekly Souks: A Billion Dirham Initiative

In a significant move to bolster the vibrant tradition of weekly souks (markets) across Morocco, the government has allocated a staggering one billion dirhams to an ambitious rehabilitation program. This multifaceted initiative, unveiled by Interior Minister Abdelouafi Laftit, aims to address the challenges......

Wafa Assurance Expands Its Footprint, Securing Approval to Operate in Gabon's Life Insurance Sector

In a strategic move aimed at extending its footprint across Africa, Wafa Assurance has secured approval to operate in the life insurance sector in Gabon. This milestone comes as a testament to the company's commitment to contributing to the economic development of the African continent. On April......