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Economy


Dollar-Dirham Exchange Rate Declines 0.57% Amid Euro Gains and Global Turmoil

The dollar-dirham exchange rate depreciated by 0.57% during the week of November 25 to 29, falling from 10.06 to 10. This marks a significant drop after the pair remained above the 10 dirham threshold earlier in the week, according to a report from Attijari Global Research (AGR). The decline was primarily......

Rising Poultry Prices in Morocco: Competition Authority Investigates Market Practices

The Moroccan Competition Council has launched an official investigation into pricing and trading practices in the poultry feed sector and related markets. This move follows growing public discontent over escalating poultry prices, which have reached MAD 30 (USD 3) per kilogram—triple the price......

ONCF de Marruecos asegura 14 mil millones de dólares para un proyecto ferroviario clave

La Oficina Nacional de Ferrocarriles de Marruecos (ONCF) ha conseguido con éxito más de 14 mil millones de dólares en compromisos financieros para un importante proyecto ferroviario, anunció el presidente del Banco Africano de Desarrollo (AfDB), Akinwumi Adesina, tras el Foro......

China Explores Strategic Partnership with Morocco Amid Western Trade Barriers

China is increasing investments in Morocco to capitalize on the kingdom's strategic advantages, including its proximity to European markets and access to the African Continental Free Trade Area (AfCFTA). In an analysis by Ahmed Aboudouh, an associate fellow at Chatham House, Morocco is identified......

Empowering Moroccan Enterprises A New Initiative to Boost Skills and Employment  

The German International Cooperation Agency (GIZ), in collaboration with Morocco’s Ministry of Industry and Trade, has launched an ambitious call for expressions of interest under its "Partnership for Employment" (PPE) program. This initiative, a key aspect of Moroccan-German cooperation,......

China's Bold Step Towards Central Asia: A New Railway Connection  

China has initiated the construction of a groundbreaking railway line connecting Kashgar, a city in the northwest of the country, with Kyrgyzstan and Uzbekistan. This ambitious project, in planning since the 1990s, involves a total investment of $8 billion and is scheduled for completion by 2030.   Stretching......

Morocco’s Parliament Approves the 2025 Finance Bill in Second Reading

Morocco’s Parliament has approved the 2025 Finance Bill (PLF 2025) during its second reading. The bill secured 178 votes in favor, with 57 against and no abstentions. Several amendments were introduced and favorably received by the government, reflecting its commitment to economic and social reform. Key......

World Bank Announces Record $100 Billion Support for the Poorest Nations

The World Bank has unveiled an unprecedented commitment to aid the world's poorest countries, raising nearly $24 billion in new funds. This initiative will allow the bank to leverage these resources, unlocking a remarkable total of $100 billion in loans and grants. The goal is to address the pressing......

16% of Moroccan Construction Firms Face Supply Chain Challenges in 2024

Supply chain pressures risk stalling growth in a recovering industry Morocco's construction sector is grappling with persistent supply chain disruptions, with 16% of firms reporting significant challenges in sourcing raw materials during the third quarter of 2024. This is according to recent data......

Bitcoin Surpasses USD 103,000, Reaching Historic Heights Amid Growing Institutional Interest

Bitcoin has made headlines by reaching a historic high of USD 103,500 overnight before slightly retreating to USD 101,000 this morning. This surge, marking an impressive 70% increase since October and a 50% rise over the past month, underscores Bitcoin's strengthening position as both a hedge against......

Morocco and AfDB Strengthen Partnership for Sustainable Growth

Morocco and the African Development Bank (AfDB) are further solidifying their economic collaboration through strategic investments targeting infrastructure, agriculture, and large-scale projects related to the 2030 World Cup. This strengthened partnership was highlighted during a meeting in Rabat between......

AfDB and Bank of Africa Forge EUR 50 Million Deal to Boost African Trade

The African Development Bank (AfDB) and Morocco’s Bank of Africa (BOA) have signed a landmark EUR 50 million risk-sharing agreement in Rabat, aimed at enhancing private sector financing and fostering trade across the African continent. The deal was finalized on the sidelines of the Africa Investment......

World Bank Allocates $70 Million Loan to Bolster Morocco’s Social Protection System

The World Bank has approved a $70 million loan to advance Morocco’s ongoing social protection reform, aiming to create a more inclusive and efficient system, particularly for vulnerable communities in rural and remote regions. The project, titled the “Morocco Second Identity and Targeting......