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Economy


Morocco earns global acclaim for economic strategy and regional leadership

Morocco has received high praise from the United Nations’ top trade official for its exemplary economic development model and its contributions to international cooperation. Rebecca Grynspan, Secretary-General of the UN Conference on Trade and Development (UNCTAD), highlighted Morocco as a “model......

US announces sweeping sanctions against Russia's 2 largest oil firms

The United States has launched its most comprehensive economic measures against Russia, targeting its two largest oil companies, Rosneft and Lukoil, as efforts to resolve the war in Ukraine remain stagnant. The sanctions, announced by Treasury Secretary Scott Bessent on October 21, 2025, represent a......

Morocco’s 2026 finance bill tackles informality and boosts local industries

Morocco’s draft 2026 Finance Bill introduces sweeping reforms designed to strengthen economic sovereignty, modernize customs oversight, and provide targeted support for local industries. The proposals aim to combat informal activities, incentivize sports enterprises, and align the country with......

AI boom drives global memory chip shortage and rising prices

A surge in artificial intelligence (AI) investments has triggered a global shortage of conventional memory chips, disrupting supply chains and driving up prices across the tech industry. The shift to high-bandwidth memory (HBM) chips, critical for AI workloads, has left manufacturers struggling to meet......

Morocco positions itself as a key player in “open regionalism”

Geneva, October 22, 2025 — Morocco is emerging as a model of “open and competitive regionalism,” combining trade openness with regional and international partnerships to navigate the uncertainties of global trade policies, Minister of Industry and Trade Ryad Mezzour said Tuesday in......

Meknès approves 43 youth entrepreneurship projects under INDH initiative

Meknès, October 22, 2025 — The Provincial Human Development Committee (CPDH) of Meknès has approved 43 new projects under the “Youth Business Leadership” program, part of Morocco’s National Initiative for Human Development (INDH). With a total investment of 4.4......

Morocco to boost child support in 2026 under expanded welfare initiative

Morocco is preparing to raise monthly child allowances in 2026 as part of a broader expansion of its direct social support program for low-income families. The plan also extends assistance to orphans and neglected children living in social care institutions, reinforcing the country’s commitment......

Direct Social Aid: Rejection rate remains below 1.3% each month in 2025

The Moroccan Minister of Economy and Finance, Nadia Fettah, announced on Monday that less than 1.3% of applications for direct social aid have been rejected each month throughout 2025. Speaking before the House of Representatives, Fettah explained that the number of beneficiary households has reached......

Morocco reforms check laws to support businesses and modernize economy

Morocco has implemented a groundbreaking reform of its commercial code, eliminating automatic jail sentences for issuing checks without sufficient funds. The new approach emphasizes payment resolution, debt regularization, and economic responsibility, marking a shift from punitive measures to a more......

Australia and the United States forge partnership to secure rare earth supply chains

Australia and the United States have entered a strategic partnership to ensure reliable access to rare earth minerals, essential for defense systems, clean energy technologies, and advanced manufacturing. The agreement, signed in Canberra on Monday, reflects a joint effort to reduce dependence on China,......

Morocco increases defense budget to $15.7 billion for 2026

Morocco has once again raised its defense spending, allocating MAD 157.171 billion ($15.7 billion) for 2026, according to the draft finance law submitted to parliament. The funds are earmarked for the acquisition and maintenance of equipment for the Royal Armed Forces (FAR) and to support the growth......

Morocco’s 2026 Budget Bill aims to create nearly 37,000 public sector jobs

Morocco’s draft Finance Bill for 2026 sets forth a plan to create 36,895 new public sector positions across various ministries and state institutions, forming a central part of the government’s recruitment strategy for the next fiscal year. Of these, 500 positions will fall under the direct......

Royal Air Maroc and China Eastern Airlines strengthen Africa-China air links

Morocco’s national carrier Royal Air Maroc (RAM) and China Eastern Airlines have signed a strategic memorandum of understanding (MoU) to enhance air connectivity between Africa and China. The agreement, signed by RAM CEO Hamid Addou and Wang Zhiqing, Chairman of China Eastern Airlines, aims to......