Advertising

Economy


Morocco and UAE bolster innovation with industrial property agreement

Morocco and the United Arab Emirates (UAE) have taken a significant step to enhance their collaboration in fostering innovation and economic development by signing a memorandum of understanding (MoU) on industrial property rights. The agreement seeks to strengthen bilateral relations and facilitate knowledge......

A first in Morocco: E-commerce platforms now accept QR-code mobile payments

In a groundbreaking development for Morocco’s digital economy, e-commerce merchants can now accept mobile payments via QR code, thanks to Fast Payment's upgraded online platform. This marks the first time such functionality is available to online sellers in the country. Users of electronic......

Nigeria-Morocco gas pipeline: steering committees review progress in Rabat

The steering and technical committees for the Nigeria-Morocco Gas Pipeline project convened on July 10 and 11 in Rabat to review the latest progress. These high-level meetings, organized under the governance framework of the project and in line with signed agreements between national oil companies, brought......

High hotel prices push Moroccan expats to vacation in Spain and Portugal

There was a time when summer holidays in Morocco meant pure joy and heartfelt nostalgia — a return to one’s roots, shared tajines with family, and the vibrant alleys of sun-drenched medinas. But for many Moroccan expatriates, that tradition is shifting. Today, a growing number are shortening......

Key tax reforms for Valencia region residents in 2025

Residents of Valencia, Alicante, and the rest of La Comunitat Valenciana will see significant tax reforms in 2025, impacting wealth tax, inheritance and gift tax, property transfer tax, and personal income tax. These changes, introduced by the right-wing coalition of PP and Vox, aim to bring financial......

OCP strengthens operations with acquisition of PwC subsidiary

Moroccan phosphate giant OCP SA has acquired PwC Business Services, a subsidiary of PwC Advisory Morocco, in a move that cements their long-standing collaboration. The transaction allows OCP to internalize administrative and financial support functions previously managed by the subsidiary. PwC Business......

Morocco forecasts 4.4% economic growth for Q3 2025 amid global uncertainties

Morocco’s economy is projected to grow by 4.4% in the third quarter of 2025, according to the latest estimates from the High Commission for Planning (HCP). The forecast reflects steady momentum from earlier in the year, though growth may slow slightly compared to previous months. Domestic demand......

Morocco to invest $40 billion in next five years to meet ambitious energy goals

Morocco will need to invest over $40 billion in the next five years to achieve its national energy objectives, according to Energy Transition Minister Leila Benali. Speaking during an interview with Asharq at the OPEC seminar in Vienna, Benali outlined the country's ambitious energy transition strategy,......

Mediterranean ports see slight rise in coastal and small-scale fishing in early 2025

Fishing activities in Morocco’s Mediterranean ports recorded a modest increase during the first half of 2025, according to the latest data from the National Fisheries Office (Office National des Pêches - ONP). Between January and June 2025, coastal and artisanal fishing landings in Mediterranean......

U.S. imposes 35% tariff on Canadian imports as trade tensions escalate

The United States will implement a 35% tariff on all imports from Canada starting August 1, 2025, intensifying trade tensions between the two neighboring nations. President Donald Trump announced the decision in a formal letter to Canadian Prime Minister Mark Carney, which was later shared on his social......

Morocco accelerates desalination and dam projects to secure water by 2030

Morocco is intensifying efforts to combat water scarcity by ramping up seawater desalination and dam construction projects, aiming to secure an annual desalination capacity of 1.7 billion cubic meters by 2030. These initiatives are part of the National Program for Drinking Water Supply and Irrigation......

Morocco and Brazil strengthen economic ties at Marrakech forum

Morocco and Brazil are forging a deeper economic partnership to foster sustainable growth and shared prosperity, as highlighted during the LIDE Forum held in Marrakech. The event brought together over 100 business leaders and institutional representatives from both nations to explore avenues for enhanced......

Morocco enhances energy efficiency initiatives in handicraft sector

Morocco is intensifying efforts to improve energy efficiency within its handicraft industry, aiming to reduce firewood and gas consumption. A new agreement, signed between the Secretary of State for Handicrafts and the Moroccan Agency for Energy Efficiency (AMEE), outlines a strategy to integrate energy-saving......