New Moroccan cabinet oct 9 2019

Vision 2030 to Make KSA Live Without Oil, Prince Mohammed

Deputy Crown Prince Mohammed bin Salman announced Monday a large-scale reform plan dubbed Vision 2030 meant to restructure the kingdom’s economy and ministerial departments, reform the educational system, and give long term residency permits to foreigners, among others. Yet, the most outstanding announcement he made is the creation of a $2 trillion Sovereign Wealth Fund […]

Tanger Med breaks new records in 2023, widens gap with Mediterranean peers

Tanger Med port widened the gap with its Mediterranean competitors breaking a new record with 8.6 million containers handled in 2023, up 13.4%. The number of vessels transiting through the port grew 17% to 16,900 last year, while the number of trucks that crossed through the port rose 4.15 to 44,7993. In terms of tons, […]

Robust remittances from Moroccans abroad offset tourism losses

The restrictive measures to contain the Covid-19 pandemic have dealt a blow to the inflow of hard currency from the tourism business in Morocco that has been offset so far by a surge in remittances from Moroccans abroad. In the first ten months this year Morocco’s foreign exchange regulator has reported a record 80 billion […]