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Spain’s workforce grows by over 1 million foreigners in a decade

Spain has added more than 1.4 million foreign workers to its labor force over the past decade, according to new data. Economists view this trend as essential for sustaining the country’s welfare and pension systems amid an aging population. A decade of growth in foreign labor Figures from Spain's......

Morocco sees sharp rise in bank cards but cash still dominates

The number of bank cards in circulation in Morocco rose to 22.6 million in 2024, marking a 12% increase compared to the previous year, according to the latest annual banking supervision report released by Bank Al-Maghrib. Despite this significant growth, cash withdrawals remain the main use of these......

Financial exclusion remains high in Morocco despite digital progress

Despite Morocco’s strong digital infrastructure and widespread mobile phone use, more than half of the adult population remains excluded from the official financial system, according to the World Bank’s Findex Global Database 2025, released this Wednesday. The report reveals that only 44%......

Morocco strengthens global partnerships as stability drives investor confidence

High-ranking officials and international organizations are praising Morocco’s stability and strategic reforms, positioning the country as a key partner in sectors ranging from infrastructure to renewable energy and aerospace. Morocco as a pillar of stability Naima Moutchou, Vice President of......

HM King Mohammed VI leads Morocco through bold and visionary transformation

Since his ascension to the throne, HM King Mohammed VI has steered Morocco into a new era marked by bold and forward-looking transformation, according to Akinwumi Adesina, President of the African Development Bank (AfDB). In an interview on the occasion of Throne Day, Adesina praised the King’s......

Advancing plant conservation: Moroccan researcher pioneers tools to track genetic diversity

As nearly 40% of plant species face extinction, Moroccan researcher Marwa El Graoui at the University Mohammed VI Polytechnic (UM6P) is revolutionizing plant conservation through open-source tools. Her innovative framework addresses critical gaps in seed conservation, positioning Africa as a leader in......

Morocco’s industrial sector sees growth amid textile struggles

Morocco’s industrial production surged in May 2025, signaling robust growth across most sectors, according to Bank Al Maghrib’s latest monthly industry survey. Factories operated at 78% capacity during the month, reflecting strong demand for manufactured goods. Growth across industries,......

Jouahri advocates global cooperation to strengthen Islamic finance resilience

Abdellatif Jouahri, Governor of Bank Al-Maghrib (BAM), Morocco’s Central Bank, emphasized the importance of international collaboration in advancing Islamic finance during the 23rd Forum on Islamic Financial Stability held in Rabat. The event, organized by BAM and the Islamic Financial Services......

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......