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Economy


Morocco and Spain Share the Spotlight in the Global Tomato Market

In a remarkable display of dominance, Morocco and Spain have emerged as the reigning tomato titans, each exporting an impressive 658.7 million kilos in 2023, according to the specialized portal Hortoinfo. This achievement is all the more notable considering the relentless drought that has gripped the......

Volkswagen Selects Morocco as Key Hub for EV Battery Production

In a strategic move aimed at bolstering Europe's electric vehicle (EV) industry, Volkswagen has identified Morocco as a pivotal center for battery production. This decision underscores the pressing need to address the supply chain gaps that have hindered Europe's efforts to establish a robust......

Morocco Emerges as Major Buyer of Gas from Spain Two Years After Reopening Pipeline

Rabat's Strategic Move: How Morocco Became a Key Customer for Spanish Gas In a significant turn of events, the Spanish government's decision to reopen the Maghreb-Europe gas pipeline two years ago, reversing its flow to supply gas to Morocco, has redefined the energy dynamics in the region.......

Royal Air Maroc Expands Network for Busy Summer Travel Season

As summer approaches, Royal Air Maroc (RAM), Morocco's national airline, is gearing up for an anticipated surge in passenger demand by significantly enhancing its network and seat capacity. The airline's strategic expansion aims to provide travelers with more options and improved connectivity......

Morocco Streamlines Export Procedures with Online Issuance of Certificates of Origin for African Continental Free Trade Area

In a pioneering move set to revolutionize Morocco's trade relations with its African counterparts, the Customs and Indirect Tax Administration (ADII) has announced the digitalization of the application process for certificates of origin for Moroccan products destined for export to countries within......

Living Costs for Expatriates: Casablanca and Rabat Shine as Affordable Hubs in MENA

In the ever-shifting landscape of global living expenses, Casablanca and Rabat, two of Morocco's vibrant metropolitan centers, have emerged as affordable havens for expatriates in the Middle East and North Africa (MENA) region. The latest cost-of-living survey by Mercer, a renowned authority in the......

Mineral Water Tax Boosts Local Government Revenues

Recent figures released by the Ministry of Interior have revealed a remarkable surge in revenues from mineral and table water sources, benefiting local authorities. Revenues soared from 170.3 million dirhams in 2022 to an astonishing 803.2 million dirhams in 2023. According to the Economic, Social and......

Morocco Poised to Join Top Echelon of Global Wheat Importers in 2024

In a striking development, Morocco is set to become one of the world's top six wheat importers in 2024, according to a recent report from the United Nations Food and Agriculture Organization (FAO). This shift is a direct consequence of severe climatic conditions that have drastically reduced the......

Morocco's Fiscal Fortitude: Lekjaa Unveils Roadmap to Reduce External Debt

In a comprehensive address, Fouzi Lekjaa, the Minister Delegate in charge of the Budget, outlined Morocco's strategic approach to tackling its external debt amidst prevailing geopolitical tensions and a global economic slowdown. His remarks offered a beacon of hope, outlining a pathway towards fiscal......

Eid al-Adha Aspirations Clash with Economic Realities: A Poignant Dilemma

As the sacred occasion of Eid al-Adha approached, Morocco found itself grappling with a critical period marked by a confluence of economic and social challenges. Factors such as the soaring prices of sacrificial sheep and other essential commodities, coupled with rampant inflation, have profoundly impacted......

Morocco's Fishing Industry Navigates Shifting Tides

In a recent report from the National Office of Fisheries (ONP), Morocco's inshore and artisanal fishing sector witnessed a subtle downward shift in the first five months of 2024. The value of marketed products dipped by 1% to 4.37 billion dirhams, while the weight of these products declined by 7%......

Living on the Edge: The Expensive Realities of Expatriate Life in America's Costliest Cities

In a world where expatriates navigate the intricacies of diverse cultures and economies, the financial implications of their relocation can be staggering. According to Mercer's 2024 Cost of Living Survey, released on Monday, seven American cities have secured their place among the top 20 most expensive......

The Lobito Corridor: G7's Catalyst for Unlocking Africa's Mineral Bounty

In a strategic move to bolster regional economic integration and sustainable development, the G7 nations have set their sights on revitalizing a critical trade corridor that traverses three mineral-rich African countries. The Lobito Corridor, a multimodal transportation network spanning Angola, the Democratic......