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Economy


New U.S. Tariffs Stir Uncertainty in the Global Automotive Industry

In early April, President Donald Trump announced a new 25% tariff on imports of cars, semiconductors, and pharmaceuticals. This addition follows previous tariffs on steel and aluminum that have already impacted Europe and Asia. Trump has indicated that these tariffs may increase further after one year. The......

Moroccan construction firm TGCC secures $430 million stake in STAM

TGCC (Travaux Généraux de Construction de Casablanca) has signed an agreement to acquire a 60% controlling stake in STAM (Société de Travaux Agricoles Marocains), in a deal valued at MAD 4.3 billion ($430 million). The transaction includes STAM's 55% ownership of VIAS......

Morocco enhances global e-commerce with new multi-currency payment system

In a significant development for Morocco's digital commerce sector, the Centre Monétique Interbancaire (CMI) has launched a multi-currency payment service for local e-commerce websites through a strategic partnership with Global Blue. This new Dynamic Currency Conversion (DCC) functionality......

Inflation surges to a peak not seen in nearly a year: official data reveals

Inflation has seen a surprising surge, reaching its highest point in almost a year, according to official data. The latest report from the Office for National Statistics (ONS) reveals that inflation has spiked to 3% in January, up from 2.5% the previous month. Economists had anticipated a smaller increase......

Morocco deepens financial markets with interbank forward market launch

Bank Al-Maghrib (BAM), Morocco’s central bank, has officially launched an interbank forward market for foreign exchange swaps and overnight index swaps (OIS) tied to the Moroccan Overnight Index Average (MONIA). This initiative, which began operations on February 19, marks a significant step in......

Morocco unveils ambitious airport expansion strategy to triple passenger capacity by 2030

Morocco's National Airports Office (ONDA) has launched "Airports 2030," a comprehensive strategy aimed at modernizing the nation's airport infrastructure and elevating customer experience to international standards. The initiative, announced following Royal Instructions issued during......

India faces economic strain as Trump’s tariffs complicate recovery

As Indian Prime Minister Narendra Modi prepared for his visit to the White House, U.S. President Donald Trump announced new reciprocal tariffs on key trading partners, adding pressure to India’s already struggling economy. During a joint press conference, Trump revealed that India would purchase......

Madrid hosts economic forum to boost Spanish investments in northern Morocco

Madrid will host an economic forum on February 19 and 20, 2025, aimed at encouraging Spanish investments in northern Morocco. The event is part of the International Business and Investment Fair “IMEX – Madrid 2025,” organized by the Spanish Chamber of Commerce at the Palacio de Cibeles. According......

Rising urban poverty in Morocco signals need for targeted reforms

Morocco’s High Commission for Planning (HCP) has unveiled concerning findings about the growing vulnerability to poverty among urban populations. The national survey, conducted between March 2022 and March 2023, highlights an increase in the percentage of the population at risk of poverty, rising......

Urban poverty risks rise in Morocco despite national progress

A recent survey conducted by Morocco’s High Commission for Planning (HCP) highlights an alarming increase in vulnerability to poverty within urban areas, signaling a need for targeted interventions. The national survey, based on data from 18,000 households collected between March 2022 and March......

Economic disparities persist in Morocco despite moderate growth in 2022-2023

The High Commission for Planning (HCP) has unveiled the findings of its National Household Living Standards Survey, conducted between March 2022 and March 2023. Based on data from 18,000 representative households across Morocco's regions and socioeconomic groups, the study highlights a structural......

M’diq port reports 33% increase in fish landings for January

The M’diq port recorded 247 tonnes of coastal and artisanal fish landings in January, marking a 33% rise compared to the same period last year, according to the National Fisheries Office (ONP). The market value of these landings also surged by 49%, exceeding 15.25 million dirhams (MDH), up from......

Morocco's renewable energy output set to surge 16% annually through 2027

Morocco's renewable energy production is expected to experience significant growth, with annual increases averaging 16% between 2025 and 2027, according to a recent report from the International Energy Agency (IEA). This expansion will boost renewables' share in the country's electricity......