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Economy
Morocco's aerospace industry has continued its remarkable growth, with exports reaching MAD 14.13 billion ($1.41 billion) during the first six months of 2025, an 8.8% increase compared to the same period last year, according to the Office des Changes. Decade of transformative growth The sector’s......
Casablanca – The Casablanca Stock Exchange opened higher on Thursday, July 31, 2025, with its benchmark index, the MASI, rising by 0.3% to 19,505.4 points, reflecting positive investor sentiment. The MASI 20 index, which tracks the 20 most liquid stocks, also climbed by 0.37% to reach 1,604.03......
Morocco's trade deficit has expanded considerably in the first half of 2025, climbing to MAD 161.86 billion ($17.81 billion) compared to the same period last year, according to recent data from the Foreign Exchange Office. This increase of 18.4% is attributed to a faster rise in imports relative......
Thousands of Spanish drivers are flocking to Morocco for vehicle repairs, drawn by dramatically lower costs for labor and parts. The trend has grown rapidly as drivers combine holidays with essential maintenance, capitalizing on Morocco’s affordable and efficient automotive services. A booming......
His Majesty King Mohammed VI, accompanied by Crown Prince Moulay El Hassan and Prince Moulay Rachid, received Abdellatif Jouahri, Governor of Bank Al-Maghrib, at the Royal Palace in Tetouan on Tuesday. Jouahri presented the central bank’s annual report, outlining Morocco’s economic, monetary,......
In his Throne Day speech commemorating the 26th anniversary of his ascension to the throne, His Majesty King Mohammed VI outlined Morocco's significant economic transformation and progress in addressing water security challenges. The monarch emphasized the nation’s achievements in industrial......
Morocco’s beer production has experienced a notable decline, positioning the country as a modest player in regional and global beer markets. A recent report by BarthHaas, a leading global hops supplier, revealed that Morocco produced 818,000 hectoliters of beer in 2024, a drop from 835,000 hectoliters......
Portugal is considering an electrical interconnection with Morocco as part of its €400 million energy security plan, aiming to strengthen its power grid and prevent major blackouts like the one that affected the Iberian Peninsula in June. During a press conference on Monday, Portugal’s Minister......
Hyundai Rotem has expressed strong interest in contributing to Morocco’s comprehensive railway expansion under the country’s Rail Plan 2040. Jeong Hoon Kim, Head of Real Solutions at Hyundai Rotem, hailed Morocco's stable business environment and its growing appeal to foreign investors. Speaking......
OCP Nutricrops has announced a major milestone in its fertilizer production, surpassing five million tonnes of Triple Super Phosphate (TSP) fertilizer. This achievement is attributed to the company's innovative TSP Hub program, which operates at the Jorf Lasfar industrial platform in Morocco. Advancing......
The United States and the European Union have reached a trade agreement aimed at avoiding severe tariffs on European goods. While the deal has been praised for preventing a transatlantic trade war, it has also drawn sharp criticism from some European leaders and industries. Key terms of the agreement The......
Spanish Prime Minister Pedro Sánchez announced on Monday his conditional support for the recently concluded European Union trade deal with the United States, though he admitted doing so “without any enthusiasm.” The agreement, brokered on Sunday by US President Donald Trump and European......
Morocco’s central bank, Bank Al Maghrib (BAM), revealed a 2.7% decrease in non-performing loans (NPLs) at Moroccan banks, bringing the total to MAD 97.4 billion ($10.86 billion) in 2024. This marked a slight improvement in the loss rate to 8.4%, down 0.1 percentage points from the previous year,......