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Marrakesh Craft Exports Hit Record High as US Demand Soars

The historic city of Marrakesh has recorded an exceptional performance in its traditional handicrafts sector, with exports reaching MAD 458 million (USD 45.8 million) in 2024, marking a robust 41% increase from the previous year's figures. This significant growth underscores the rising global appeal......

Morocco Allocates MAD 30 Billion to Modernize National Power Grid

Morocco is set to invest nearly MAD 30 billion in its national electricity transmission network between 2024 and 2030, marking a significant expansion of the country's power infrastructure. This investment package excludes a planned high-voltage electricity link project connecting southern and central......

Morocco Maintains Top-Tier Position in African Quality of Life Index

Morocco has secured its position as the third-highest ranked African nation for quality of life in early 2025, according to a recent Business Insider assessment. The North African country achieved a score of 110.8, following South Africa (152.4) and Tunisia (117.3) in the continental rankings. Despite......

Morocco's CNSS Extends Weekend Hours as Social Security Payment Deadline Looms

The National Social Security Fund (CNSS) of Morocco has announced an exceptional measure to open all its branches nationwide during the weekend of January 11-12, as the deadline approaches for its debt recovery initiative. This unprecedented move comes as the January 15 deadline nears for affiliates......

Morocco's Urban Centers Join Africa's Most Expensive Cities in 2025

Three of Morocco's major cities have emerged among Africa's top 10 most expensive urban centers in 2025, according to Numbeo's latest Cost of Living Index. Casablanca leads the Moroccan contingent, securing the fourth position with a 31.4 cost of living index, while Rabat and Marrakech follow......

Decline in Global Crude Exports as Trade Routes Experience Shifts

In 2024, global crude oil exports experienced a 2% decline, marking the first decrease since the COVID-19 pandemic, according to shipping data. This reduction is attributed to slower demand growth and significant changes in refinery operations and pipeline routes. The global oil market has faced disruptions......

Moroccan Port Operator Marsa Maroc Launches $30M African Expansion into Strategic Ports

Marsa Maroc is strengthening its position in African logistics through a strategic expansion that includes new operations in Djibouti and Benin. The Moroccan port operator has established Marsa Maroc International Logistics, backed by a MAD 300 million ($30 million) investment, to oversee its international......

Morocco Eyes MAD 12 Billion Export Opportunity in African Markets

Title: "Morocco Eyes MAD 12 Billion Export Opportunity in African Markets"   Morocco's untapped export potential to African markets stands at MAD 12 billion, according to Omar Hejira, Secretary of State for Foreign Trades. Currently, Moroccan exports to Africa represent only 7.6%......

Morocco's International Travel Spending Soars to $2.6 Billion, Defying Local Survey Predictions

Moroccan citizens' expenditure on international travel reached a remarkable 26.7 billion Moroccan dirhams ($2.6 billion) by November 2024, according to recent data released by the Exchange Office. This represents a substantial increase of 4.5 billion MAD ($447,359) compared to the previous year's......

Morocco's Business Landscape Faces Critical Challenge as 40,000 Companies Face Closure in 2024

The Moroccan business sector is experiencing significant turbulence as an estimated 40,000 businesses are expected to close their doors by the end of 2024, according to recent reports from the Moroccan Confederation of SMEs (CMTPME). This dramatic increase in business closures highlights the ongoing......

Morocco's Financial Pulse: Dirham Dips, Reserves Surge Amid Market Shifts

The Moroccan financial landscape showcased mixed signals in the final days of 2024 and early 2025, with the dirham experiencing a modest decline while foreign reserves demonstrated notable strength. The national currency recorded a 0.5% depreciation against the US dollar and a 0.6% decline against the......

Syria's Aviation Milestone: International Flights Set to Resume After Political Shift

Syria is preparing to reconnect with the world through its skies as international flights are scheduled to resume on January 7, marking a significant shift in the country's post-conflict recovery. The General Authority of Civil Aviation and Air Transport, led by Ashhad al-Salibi, announced plans......

Moroccan International Travel Spending Soars to MAD 26.7 Billion in 2024

Moroccan citizens have demonstrated a remarkable surge in international travel expenditure, reaching MAD 26.7 billion (USD 2.6 billion) by November 2024, surpassing the entire previous year's spending. This significant financial milestone, reported by SNRT News, represents a substantial increase......