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Economy
Morocco's expatriate community continues to make substantial contributions to the national economy, with diaspora remittances reaching MAD 108.67 billion ($10.7 billion) by November 2024, according to recent data from Morocco's Office of Foreign Exchange. This represents a 2.8% increase compared......
Morocco has taken a bold step toward regulating cryptocurrencies, signaling a significant shift in its approach to these digital assets. For years, the country maintained a firm stance against cryptocurrency transactions, prohibiting them since 2017. Financial authorities cited concerns over consumer......
Morocco's economy demonstrated resilient growth in the third quarter of 2024, expanding by 4.3% compared to 3% in the same period last year, according to data released by the High Commission for Planning (HCP). The growth trajectory was primarily fueled by robust performance in the secondary sector,......
Morocco and Mauritania are strengthening their longstanding partnership in the fisheries sector through high-level talks aimed at expanding cooperation across multiple domains. The discussion, held Monday in Rabat, brought together Zakia Driouich, Secretary of State for Maritime Fisheries, and Mauritanian......
Morocco's national housing support program has provided financial assistance to 33,565 families seeking homeownership, according to recent government data shared by Minister of Economy and Finance Nadia Fettah in parliament. The "Direct Aid to Housing" initiative has shown significant......
Morocco and Libya are set to restore direct air routes in 2025, marking the end of a decade-long flight suspension between the two North African nations. The announcement emerged from high-level talks in Rabat between Libyan Unity Government's Transport Minister Salem Al-Shahoubi and Moroccan Minister......
Morocco is making significant strides in reshaping its foreign trade landscape, with 524 proposals now collected for its upcoming 2025-2026 foreign trade roadmap. Secretary of State Omar Hejira, who oversees foreign trade under the Ministry of Industry and Commerce, revealed these developments during......
Morocco is positioning itself to become the world's leading exporter of electric batteries by 2030, according to a recent report from a Belgian journal. This ambitious plan focuses on tapping into the European and American markets, placing the country at the heart of the global transformation of......
The Nador West Med port complex, set to become operational by mid-2026, represents a transformative initiative aimed at elevating Morocco's global economic position and fostering regional development in the Oriental area. Anchored in Morocco's National Port Strategy 2030, this ambitious project......
In a decisive move to address mounting public concerns, Morocco's Interior Ministry has launched an extensive reform package aimed at transforming the nation's taxi services. Interior Minister Abdelouafi Laftit has directed provincial governors and prefects to implement strict regulatory and......
Libya and Morocco are taking significant steps to reconnect their transportation networks, with plans to resume air travel and establish new maritime routes in 2025. This development marks a potential end to a nine-year suspension of direct flights between the two North African nations. During high-level......
Ghana has announced a significant policy change that will allow Moroccan nationals to enter the country without obtaining a visa, effective January 1, 2025. The decision, announced by authorities in Accra, marks a substantial shift in Ghana's immigration policy and aims to strengthen economic ties......
The trade relationship between the United Kingdom and Morocco has experienced significant growth over the past year, underscoring the strengthening economic ties between the two nations. According to the UK Department for Business and Trade, bilateral trade reached 48.5 billion Moroccan dirhams (3.8......