X

Keywords:


Morocco's Tourism Surge: 11.8 Million Visitors Signal Strong Recovery in 2024

Morocco's tourism sector is experiencing a remarkable resurgence, with the country welcoming 11.8 million tourists by the end of August 2024. This impressive figure represents a 16% increase compared to the same period last year, according to data released by the Directorate of Financial Studies......

Morocco's OCP Group: A Resilient Rebound in Revenue, Signaling Strength in the Face of Adversity

In a remarkable display of resilience, Morocco's OCP Group has emerged as a beacon of strength in the face of economic challenges, recording a robust revenue of MAD 43.5 billion (approximately $4.35 billion) as of June 2024. This significant rebound, amidst a global economic landscape marked by uncertainty,......

Morocco’s Fiscal Challenges: Budget Deficit Climbs to MAD 35.2 Billion

Rising Government Spending Overshadows Revenue Gains As of July 2024, Morocco's budget deficit has expanded to MAD 35.2 billion ($3.56 billion), up from MAD 27.7 billion ($2.8 billion) in the same period last year, according to the Treasury General of the Kingdom (TGR). The deficit includes a positive......

Elon Musk's X Platform Launches Legal Battle Against Major Advertisers

In a bold and unprecedented move, Elon Musk's social media platform X, formerly known as Twitter, has initiated legal proceedings against a group of high-profile advertisers and corporations. The lawsuit, filed in a Texas court, accuses these entities of orchestrating an unlawful "boycott"......

Morocco’s Tourism Sector Flourishes with $4.9 Billion Revenue Surge

Forecasts Indicate Continued Growth into the Second Quarter of 2024 Morocco's tourism industry is witnessing a robust upswing, with revenues reaching an impressive MAD 49 billion ($4.9 billion) in the first half of 2024. This figure marks a notable rise from the MAD 47.9 billion ($4.8 billion) recorded......

Tanger Med Port on Course for Unprecedented Traffic Surge in 2024

Morocco's premier port defies global disruptions, sets sights on new milestones. In a year marked by global supply chain turbulence and security concerns, Morocco's Tanger Med Port is not just weathering the storm but thriving. The port is set to exceed its nominal processing capacity of nine......

Moroccan Pepper Dominance: Second Largest Supplier to EU in Q1 2024

In a remarkable display of agricultural prowess, Morocco has solidified its position as the second-largest supplier of peppers to the European Union (EU) market during the first quarter of 2024. According to the specialized website Hortoinfo, which based its analysis on data from the statistical service......

Colombia Faces Unprecedented Tax Revenue Plunge, Necessitating Drastic Spending Cuts

Colombia finds itself in an unprecedented predicament with a historic decline in tax revenue collection, potentially forcing the government to implement significant spending cuts this year. This concerning revelation emerged on Friday from the Autonomous Committee for Fiscal Rules (Carf), a public entity......

Maroc Telecom marked a revenue growth by 1.2 %

Maroc Telecom reported a consolidated revenue of 9.1 billion dirhams by the end of March 2024, marking a 1.2% increase. This growth is primarily attributed to rising international revenues, which partially mitigated the decline in revenues within Morocco. The positive operational and financial outcomes......