Morocco’s New Car Sales Slump 8% in First Nine Months of 2023
5 October 2022
New car sales in Morocco are still in the red. At the end of September, 120,905 units were sold, a decrease of 8.15% compared to the same period last year.
Economic crisis
Morocco Denies Rumors of 1,700 Dirham Government Aid Program
26 August 2022
The Ministry of Economy and Finance has reacted to rumors that the government had planned to grant a financial aid of 1,700 dirhams to Moroccans as a form of support in these (…)
Moroccan Banks Show Resilience Amid COVID-19 Crisis, Central Bank Reports
1 August 2022
Moroccan banks have been resilient during the Covid-19 health crisis, according to a report by the central bank of the kingdom.
King Mohammed VI Urges Crackdown on Price Manipulation in Morocco
31 July 2022
In his speech addressed to the Moroccans on the occasion of the Throne Feast, King Mohammed VI called for an effective fight against speculation and price manipulation.
Morocco’s Economy Forecast to Grow 5.4% Despite Global Shocks
31 July 2022
In 2023, the Moroccan economy would remain impacted by the effects of the pandemic and the war in Ukraine. The Moroccan Center for Economic Conjuncture (CMC) stated that the (…)
Melilla Faces Economic Uncertainty as Morocco Border Trade Remains Suspended
25 July 2022
The non-reopening of the commercial customs in Melilla, which allows the traffic of goods with Morocco, could lead to an economic crisis in the autonomous city in 2023, (…)
Moroccan Banks See 76% Profit Surge in 2021, Defying Global Trends
20 July 2022
At the end of 2021, Moroccan banks continued their solid growth, despite the unfavorable international environment. They recorded a 76.4% increase in profits for this year, (…)
Morocco’s New Car Sales Plummet 10.84% Amid Economic Challenges
7 July 2022
The automotive sector continues to be strongly impacted by the economic situation related to the rise in raw material prices. The decline recorded since the beginning of the (…)
Moody’s Upgrades Morocco’s Economic Outlook, Cites Post-Pandemic Recovery
5 July 2022
Despite a difficult international context, the rating agency Moody’s welcomed the economic progress made by Morocco. It changed the government’s outlook from "negative" to (…)
Morocco Expands Cereal Imports to 25 Countries Amid Global Supply Concerns
12 June 2022
To ensure its supply of cereals, Morocco has opted for a diversification of sources on the international market. During the previous agricultural season, the kingdom opened up (…)