King Salman receiving message from King Mohammed VI

UNCTAD: Morocco, an exemplary domestic automotive industry

The UN Conference on Trade and Development has praised the progress made by the automotive industry in Morocco, which is now positioned as a production platform with the entry of several groups, including German Motor Distributors, Renault, Snop (parts and components supplier), Stellantis, Sumitomo Electric Wiring Systems and Yazaki. In its “Economic Development in Africa” […]

Morocco’s central bank maintains key rate at 2.75%

Morocco’s central bank maintained its benchmark rate at 2.75% amid decreasing inflation. The bank said inflation would decrease to 1.3% this year as a result of falling food prices, the main driver for inflation in the country. Inflation would increase slightly to 2.2% in 2025 as the government negotiates a new wave of price hikes […]

Morocco’s Navy & Gendarmerie Foil Illegal Migration Attempt

Morocco’s Royal Navy and the Royal Gendarmerie have thwarted an illegal migration attempt to Europe from the country’s Northern Martil Beach. A Navy combat vessel monitoring the Mediterranean coast of the North African Kingdom has chased on Sept.22-23 a very high-speed boat, which was trying to reach the Martil beach to pick up illegal migrants, […]