Morocco Surges as Top Tomato Exporter to EU, Challenging Spain’s Market Share
25 January 2023
Morocco is becoming the third largest supplier of tomatoes to the member states of the European Union. Its exports are about to equal those of Spain.
Economy
Morocco Spent 22 Billion Dirhams on Gas Subsidies in 2022, Finance Ministry Reports
24 January 2023
The subsidies granted for gas cost the state budget 22 billion dirhams last year, according to data provided by the Ministry of Finance.
Club World Cup in Morocco Set to Boost Tourism and Economy
24 January 2023
From February 1 to 11, Morocco will host the 13th edition of the Club World Cup. Beyond the sporting aspect, there will be economic fallout, particularly for the tourism sector.
Moroccan Foreign Investment Surges to $428 Million, France Remains Top Destination
24 January 2023
In 2022, France maintained its rank as the top destination for Moroccan direct investment abroad (IDME). As of the end of September last year, the net flow of these investments (…)
Agadir Region Plans Dry Port to Boost Industrial and Export Growth
23 January 2023
The Agadir region will soon host a dry port. The project, still under study, aims to support industrialists, importers and exporters in the Souss Massa Region.
Russian Nickel Giant Nornickel Seeks to Shift Operations to Morocco Amid Sanctions
23 January 2023
Hit by the Western sanctions taken after Russia’s invasion of Ukraine, Vladimir Potanin, a powerful businessman, a recognized politician and close to President Putin, who is (…)
Volotea Expands Network: New Nantes-Marrakech Route Among Four Added Destinations
23 January 2023
The Spanish airline Volotea will launch four new routes, including one to Morocco from Nantes-Atlantique airport, as part of the expansion of its network.
Moroccan Firm Akwa Africa to Acquire TotalEnergies’ Mauritanian Subsidiary for $185 Million
22 January 2023
The acquisition by Akwa Africa, a subsidiary of the Akwa group, the holding company of the Moroccan head of government, of the Mauritanian subsidiary of the French energy group (…)
Morocco Ranks 4th Best Country for French Retirees, Citing Tax Benefits and Quality of Life
22 January 2023
Morocco maintains its position in the top 5 of the best countries to live in for French retirees. This is the result of the ranking of a specialized website.
Moroccan Dirham Fluctuates: Gains Against Dollar, Slips Versus Euro
22 January 2023
The Moroccan currency depreciated by 0.46% against the euro and appreciated by 0.56% against the euro and 2.20% against the US dollar, during the period from January 12 to 18, (…)