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Economy


Mohamed El Kettani named African banker of the year at AFIS Awards 2025

Casablanca, November 5, 2025 — Mohamed El Kettani, Chairman and Chief Executive Officer of Attijariwafa bank, has been awarded the prestigious title of “African Banker of the Year” at the AFIS Awards 2025. Leading Morocco’s largest banking group since 2007, El Kettani has been......

Industry: Everything you need to know about the new “Made in Morocco” label

Rabat, November 5, 2025 – The Moroccan government, in partnership with the General Confederation of Moroccan Enterprises (CGEM), has officially launched the new “Made in Morocco” label. Designed to enhance product traceability, highlight local value, and support industrial upgrading,......

Morocco creates 167,000 jobs in the third quarter of 2025, Says HCP

Morocco’s High Commission for Planning (HCP) reported that the national economy created 167,000 new jobsbetween the third quarters of 2024 and 2025. According to the latest labour market report, the rise is mainly driven by 164,000 new positions in urban areas and 3,000......

Figuig Oasis projects boost date production to over 10,000 tons

The Figuig oasis in Morocco is expected to produce more than 10,500 tons of dates during the current agricultural campaign, according to the Regional Directorate of Agriculture (DRA) of the Oriental region. The total area planted with date palms now covers 2,630 hectares, thanks to ongoing initiatives......

Tanger Med outpaces Spanish ports in Global competitiveness

Morocco’s Tanger Med Port continues to strengthen its position as a leading global logistics hub, outpacing major Spanish ports such as Valencia and Barcelona. Spanish shipping magnate Vicente Boluda, president of Boluda Corporación Marítima, has acknowledged that Spain is losing......

Iran economist warns inflation could exceed 60% as poverty deepens

A senior Iranian economist has warned that inflation could surpass 60% by March 2026, as the country faces an intensifying economic crisis driven by sanctions, mismanagement, and soaring consumer prices. Morteza Afghah, a professor of economics at Ahvaz University, told Khabar Online that Iran is on......

Mark Carney apologises to Trump over Reagan-inspired anti-tariff ad as trade talks remain frozen

Canadian Prime Minister Mark Carney has issued a formal apology to former U.S. President Donald Trump regarding a controversial advertisement launched by Ontario's government. The ad, which quoted Ronald Reagan’s critique of tariffs, drew Trump’s ire but failed to restart the stalled......

Cash Plus IPO: 750 million MAD in shares

The Moroccan Capital Market Authority (AMMC) approved on Friday the prospectus for the initial public offering (IPO) of Cash Plus, marking a significant step in the development of Morocco’s financial sector. The operation involves the issuance of 2 million new shares and......

Morocco’s banking liquidity deficit rises to MAD 144.6 billion in late October

The Moroccan banking system faced a deepening liquidity deficit during the final week of October, with the gap widening by 5.19% to reach MAD 144.6 billion, according to BMCE Global Research’s “Fixed Income Weekly” report. This increase reflects the cautious approach taken by Bank Al-Maghrib......

Hirschmann Automotive expands in Morocco with new Oujda factory

Austria’s Hirschmann Automotive has officially opened a new factory in Oujda Technopole, located in Morocco’s Oriental region. The facility, spanning 22,200 square meters, is part of the “Cleantech” industrial acceleration zone and represents an investment of MAD 180 million.......

CGEM 2025 barometer highlights progress in responsible governance among Moroccan companies

The General Confederation of Moroccan Enterprises (CGEM) has released the findings of its third Barometer of Responsible Governance, highlighting significant progress in corporate governance among Moroccan publicly listed companies. The announcement, made in Casablanca under the leadership of CGEM Vice......

Morocco’s tourism revenues hit MAD 100 billion in first nine months of 2025

Morocco is steadily affirming its position as one of the region’s premier travel destinations, with tourism revenues reaching MAD 100 billion in the first nine months of 2025. The country welcomed 15 million visitors during this period, signaling robust growth in the sector. Data from the Foreign......

Asian markets struggle despite trade truce between Trump and Xi

Asian stock markets faced mixed outcomes on Friday, highlighting investor skepticism over the limited scope of a recently announced trade truce between the United States and China. Concerns about slowing global economic growth overshadowed the diplomatic breakthrough. Mixed performance across Asian......