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Economy


Morocco among Africa’s top debtors, faces growing external risks

Morocco has emerged as the fourth most indebted country in Africa, with external debt reaching $45.65 billion in 2023, according to a report by the African Export-Import Bank (Afreximbank). The report, titled “State of Play of Debt Burden in Africa and the Caribbean," highlights Morocco’s......

Spain allocates €113,000 for halal meals for Moroccan military trainees

The Spanish government has allocated a budget of €113,000 (approximately $129,000) to provide halal meals for Moroccan military personnel undergoing training at the state-owned Navantia shipbuilding company. This initiative ensures that the dietary needs of the Moroccan trainees align with Islamic......

US-China Agree on ‘Framework’ on Trade After Talks in London

The United States and China have reached a preliminary agreement on trade following two days of discussions in London aimed at easing tensions between the two nations. While the details of the framework, announced on Tuesday, remain vague, this development comes a month after both countries agreed to......

Musk's Dubai loop sparks comparisons to Spain-Morocco underwater tunnel

Spanish media, including El Faro de Ceuta, have pointed out that Elon Musk's recently announced Dubai Loop bears a striking resemblance to the proposed underwater tunnel project intended to connect Spain and Morocco. In February, Musk unveiled the Dubai Loop, which aims to create an efficient transportation......

Moroccan farmers face labor shortages despite high unemployment rates

Moroccan farmers are encountering significant difficulties in securing agricultural workers, a situation that seems paradoxical given the nation's high unemployment rates across various sectors, including agriculture. Recent insights from Hortdaily reveal that this issue represents a new form of......

US and China resume talks in London to prevent trade war

Top officials from the United States and China are set to meet in London in a renewed effort to preserve a delicate agreement on tariffs and prevent a full-scale trade war that has unsettled global markets and raised concerns of a worldwide recession. This high-stakes meeting, scheduled for Monday,......

France and Morocco deepen energy ties with ambitious partnership

Morocco and France have taken a significant step forward in their energy collaboration, with high-level talks in Paris focusing on renewable energy, electrical interconnection, and low-carbon transitions. Morocco’s Minister of Energy Transition and Sustainable Development, Leila Benali, met with......

Spain boosts imports of Moroccan fruits and vegetables by 24% in Q1 2025

Spain imported 188,076 tons of fruits and vegetables from Morocco during the first quarter of 2025, spending a total of €481 million. This marks a 24% increase in volume and a 23% rise in value compared to the same period last year, according to data from the agriculture-focused platform FreshPlaza. Steady......

Algeria’s resource paradox: southern poverty amidst northern wealth

Algeria’s southern regions, rich in natural resources like oil, gas, and minerals, present a stark paradox. While these areas are the backbone of the nation’s economy, they remain impoverished and underdeveloped, raising critical governance and security concerns both domestically and across......

Sino-American trade talks set for Monday in London

The United States and China are scheduled to hold trade discussions on Monday in London, according to U.S. President Donald Trump, who shared the news on his platform Truth Social. These talks aim to reach a trade agreement between the two largest global economies. President Trump announced that the......

Morocco Accelerates toward a Sustainable Railway Future

Morocco’s railway industry is entering a transformative phase, representing a significant milestone in the nation’s broader industrial and economic strategy. Building on its notable success with the high-speed train (TGV), the country is emerging as a key player in railway equipment production......

Moroccan fruit and vegetable exports to Spain climb sharply in early 2025

Strong growth in agricultural exports Morocco has solidified its role as Spain’s top supplier of fresh fruits and vegetables, driven by sharp increases in exports during the first quarter of 2025. New data from the Spanish Federation of Associations of Producers and Exporters of Fruits, Vegetables,......

Morocco establishes itself as a key player in the international medical cannabis market

Morocco has reached a significant milestone in the development of its medical cannabis industry with the recent export of a shipment of the local "Beldiya" cannabis variety to Australia. This shipment marks a crucial step in the international expansion of Morocco’s regulated cannabis......