gold ingots

Morocco’s trade deficit narrows on lower energy imports

Morocco’s trade deficit shrank 6.5% as the country’s energy imports dropped 20%, Morocco’s foreign exchange office said. Energy imports stood at 69 billion dirhams, offsetting a drop in phosphates and fertilizers exports by 40% to 40.8 billion dirhams, due to lower prices. State-owned phosphates and fertilizers producer said a few days ago its sales were […]

US convenes Sahara talks in Madrid to implement pro-autonomy resolution

The United States has convened discreet talks in Madrid bringing together Morocco, Algeria, Mauritania, and the Polisario Front to advance the implementation of UN Security Council Resolution 2797, which urges the parties to negotiate on the basis of Morocco’s autonomy initiative.   No press statements were issued, and participants maintained strict confidentiality about the substance […]

Morocco’s economic growth to pick up to 5.3% in 2021

Morocco’s central bank revised upwards Morocco’s economic growth to 5.3% in 2021 citing the beginning of the end of the health crisis with the roll out of the vaccination campaign and a better crop year. The bank said growth will pick up from a contraction of 7% last year under the combined effect of drought […]