IMF Upbeat Over Morocco’s Economic Growth Prospects

Morocco’s macroeconomic situation continues to improve. After declining to 2.4 pc in 2014, growth is expected to reach 4.7 pc in 2015 thanks to a good agricultural season and improvements in construction activity, said the International monetary fund (IMF). However, non-agricultural growth remains sluggish, including in sectors related to tourism, which are affected by geopolitical […]

Moroccan Sahara: Bahrain Backs Final Solution Under Moroccan Sovereignty

The Minister of Foreign Affairs of Bahrain Sheikh Khalid Bin Ahmed Al-Khalifa has voiced his country’s full backing for a final solution to the Sahara issue under the Moroccan sovereignty. Addressing the UN General Assembly convening in New York, the top diplomat of the oil-rich Gulf country stressed “the need to support the negotiations aimed […]

Morocco to increase non-phosphate revenue to $1.6 billion by 2030

Morocco aims to increase non-phosphate mining revenue to 1.6 billion from 730 million dollars in 2020, the energy and mining ministry said in its newly unveiled 2025-2030 development plan. The plan also provides for raising investments in prospection and research to 450 million dirhams, the ministry said. The mining sector contributes by up to 10% […]