Advertising

Economy


Unprecedented Economic Ties: Israel-Morocco Trade Flourishes Amid Regional Tensions

In a striking display of economic resilience, trade between Israel and Morocco has experienced a remarkable surge, defying regional political tensions and public sentiment. Recent data from the Abraham Accords Institute reveals a 64% increase in bilateral trade during the first five months of 2024, reaching......

Morocco's Economic Horizon: Central Bank Projects Record-Breaking Remittances by 2025

In a promising forecast for Morocco's economic landscape, Bank Al-Maghrib (BAM), the country's central bank, has unveiled projections that paint a picture of robust growth across multiple sectors. The standout prediction: remittances are expected to reach an unprecedented MAD 123.7 billion ($12......

Morocco's Economic Crossroads: Central Bank Urges Caution on Flexible Exchange Rate Transition

In a decisive press conference on Tuesday, Bank Al-Maghrib Governor Abdellatif Jouahri delivered a sobering assessment of Morocco's readiness to transition to a flexible exchange rate regime. Despite notable macroeconomic progress, Jouahri emphasized that the nation's economic landscape, particularly......

EBRD's $40 Million Boost: Catalyzing Growth for North African Enterprises

In a significant move to bolster economic development across North Africa, the European Bank for Reconstruction and Development (EBRD) has announced a substantial $40 million investment in the newly established SPE REF III fund. This strategic financial injection, revealed on Thursday, underscores the......

Nike Stumbles as Revival Path Remains Uneven Amid Sales Decline Forecast

In a candid assessment, the athletic apparel titan Nike has braced investors for a turbulent journey ahead, forecasting a 10% sales decline in its current quarter as it grapples with an intricate tapestry of challenges spanning sluggish consumer trends, a faltering Chinese market, and the arduous task......

Moroccan Fruit and Vegetable Exports Navigate a Labyrinth of Challenges

The Moroccan fruit and vegetable season has drawn to a close, marking the end of a remarkably turbulent period. This season has been defined by increasingly unpredictable and chaotic conditions that have tested Moroccan exporters to their limits. A complex panorama unfolds. Producers and exporters have......

Morocco and Turkey Forge Strategic Energy and Mining Partnerships

In a significant move aimed at bolstering their economic and strategic ties, Morocco and Turkey have signed two pivotal agreements focusing on energy, earth sciences, and mining. The signing ceremony took place on Thursday in Rabat and featured Morocco’s Minister of Energy Transition and Sustainable......

Morocco Sets Sights on Becoming a Key Player in the Global Halal Market

The Halal Morocco Forum explores the country's potential for significant growth in the global halal market. In a bid to bolster its position in the burgeoning global halal market, Morocco recently hosted the sixth edition of the Halal Morocco Forum in Casablanca. Abderrahim Taibi, director of the......

Morocco's Potato and Onion Export Reversal Sparks Outcry Among African-Bound Traders

A wave of shock has rippled through the Moroccan exporting community following the authorities' recent backtracking on their commitment to allow the export of potatoes and onions to Africa under a quota system after Eid al-Adha. This abrupt policy reversal has left traders reeling and questioning......

Morocco Emerges as Beacon of Energy Innovation in North Africa, WEF Report Reveals

In a groundbreaking assessment of global energy landscapes, the World Economic Forum's (WEF) "Fostering Effective Energy Transition 2024" report has thrust Morocco into the spotlight as the vanguard of clean energy adoption in North Africa. The kingdom's ascent to the 65th position......

Moroccan Produce Sector Navigates Turbulent Season with Mixed Results

As the early Moroccan fruit and vegetable season draws to a close, industry insiders report a complex landscape of challenges and opportunities that have shaped this year's export performance. Despite facing numerous obstacles, including European farmer strikes, unpredictable weather patterns, and......

Surge in Cherry Prices: Examining the Factors Driving the Cost Hike in Morocco

In Morocco, cherry prices have recently surged significantly, with costs reaching up to 80 dirhams per kilogram. This increase has been particularly evident in middle-class and popular marketplaces, and even more pronounced in high-end markets. The sudden rise occurred during the Eid al-Adha period,......

ONMT Vows to Elevate Morocco's Status as Top Tourist Destination

Morocco’s Tourism Office (ONMT) Sets Ambitious Goals for 2024-2025 Season In a recent board of directors meeting, Morocco’s Tourism Office (ONMT) reiterated its unwavering commitment to enhancing the nation's global tourism appeal. With a strategic focus on aviation and distribution,......