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Morocco’s free trade agreements deepen trade deficit despite export gains
Morocco’s ambitious free trade strategy has expanded market access and boosted key export sectors, but widening trade deficits with major partners raise questions about the agreements’ overall economic impact, according to new analysis. The kingdom’s imports under free trade agreements reached 207.8 billion dirhams ($20.4 billion) in 2022, climbing 20.9% from the previous year, with […]
Egypt-based online payment service Fawry denies connection with Silicon Valley Bank
Egypt’s leading e-payments solutions provider Fawry denied Monday any affiliation with Silicon Valley Bank (SVB), nor any of its subsidiaries, weeks after US authorities ordered the closure of SVB with the Federal Deposit Insurance Corporation (FDIC). The company in a press release also confirmed that it does not currently have any relationships with any bank […]
Spain’s King Felipe VI to Pay State Visit to Morocco
King Felipe VI of Spain will pay a state visit to Morocco, his second since he ascended to the throne in June 2014. Local Moroccan media reported that authorities in the two countries are preparing for this official visit, which reflects the place of Morocco as a top priority in Spain’s foreign policy. Moroccan Arabic […]



