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Economy


Morocco ranks third in live cattle imports from Brazil

In May, Brazil recorded its second-highest monthly export of live cattle ever, shipping over 111,000 heads and generating nearly 105 million dollars in revenue. Morocco stood as the third-largest importer, purchasing more than 14,000 heads valued at over 16 million dollars, primarily sourced from the......

Tesla stock tumbles amid escalating Musk-Trump feud over subsidies

Tesla’s stock price plunged more than 5% in premarket trading on Tuesday as tensions between President Donald Trump and billionaire Elon Musk intensified. The feud, which has centered on government subsidies and congressional spending, has shaken investor confidence, pushing Tesla shares below......

Morocco’s sardine canning industry faces crisis, threatening thousands of jobs

Morocco, the world leader in sardine canning, is grappling with an unprecedented crisis that endangers both its industrial foundations and the livelihoods of thousands of workers. The sector, which has long been a pillar of the national economy, is now under severe strain due to structural imbalances,......

Saudi delegation explores investment prospects in Morocco amid booming trade ties

A high-level delegation from the Federation of Saudi Chambers of Commerce (FSC), led by its president Hassan Al-Huwaizi, began an official visit to Morocco on Sunday. Comprising over 30 Saudi investors and representatives from government agencies, the visit aims to enhance economic cooperation and identify......

Morocco ranks 6th in Africa for public services, highlights AfDB report

Morocco has cemented its position as one of Africa's leaders in public service delivery, ranking 6th in the continent according to the African Development Bank's (AfDB) 2024 Public Service Delivery Index (PSDI). The report underscores Morocco's achievements in socioeconomic inclusion, industrial......

African Development Bank grants €300 million to boost Morocco’s economy and create jobs

The African Development Bank (AfDB) has approved over €300 million in funding to support Morocco’s economic development and job creation initiatives. The decision, announced by the AfDB’s Board of Directors, aims to strengthen the North African country’s resilience, competitiveness,......

Morocco debuts Nissan Magnite as Africa’s first left-hand drive market

Morocco has achieved a significant milestone by becoming the first left-hand drive market in Africa—and among the first globally—to welcome the compact Nissan Magnite SUV. Initially launched in 2020, the Magnite represents a key step for the automobile giant as it strengthens its presence......

Morocco’s economy records robust growth in early 2025

Morocco’s economy demonstrated strong momentum in the first quarter of 2025, with GDP expanding by 4.8%, significantly outpacing the 3% growth recorded during the same period in 2024. According to the High Commission for Planning (HCP), this growth was driven by a rebound in agriculture, robust......

Morocco strengthens South-South cooperation to support vulnerable nations

Morocco has reaffirmed its dedication to assisting small island developing states, least developed countries (LDCs), and landlocked nations through its South-South cooperation model. The announcement was made by Abdellah Laghmed, Morocco’s Deputy Permanent Representative to UN organizations in......

India extends Washington visit to resolve trade deal issues

Indian officials have prolonged their visit to Washington in an effort to finalize a trade agreement with the U.S. administration under President Donald Trump, sources within the Indian government revealed. The talks, initially scheduled to conclude last Friday, have continued due to unresolved disagreements,......

Tariff reduction on UK cars and aircraft parts to the US takes effect

A trade agreement between U.S. President Donald Trump and UK Prime Minister Keir Starmer, aimed at reducing certain tariffs on British imports, officially took effect on Monday, according to the British government. Under this new deal, UK car manufacturers can now export vehicles to the United States......

Morocco and Turkiye strengthen transport ties with new agreements

Morocco and Turkiye have signed two significant cooperation agreements aimed at enhancing road safety and revitalizing maritime transport. The memoranda of understanding (MOUs), signed in Istanbul on Friday, reflect the countries’ commitment to strengthening bilateral ties in the transport sector......

Morocco’s ports report 60.8 million tonnes of traffic in Q1 2025, driven by transshipment and tourism

Moroccan ports handled 60.8 million tonnes of commercial traffic in the first quarter of 2025, reflecting a 10.2% year-on-year increase, according to the Directorate of Studies and Financial Forecasts. This growth underscores Morocco’s expanding role as a global logistics and trade hub. Transshipment......