coronavirus morocco

Morocco’s wood industry paradox: $500 million potential hampered by import dependence

Despite possessing nine million hectares of forest resources, Morocco finds itself trapped in an economic paradox. The nation imports nearly 70% of its timber needs while its forests face unsustainable exploitation, creating urgent challenges at the intersection of environmental protection and industrial development. National production of construction and industrial timber reaches 680,000 cubic meters annually, […]

Morocco: Gulf Countries fully support Rabat’s “credible & Serious Plan” to end Western Sahara Issue

Foreign Ministers of the Gulf Cooperation Council (GCC) including Jordan on Wednesday in Saudi capital Riyadh threw their support behind Morocco’s laudable and ambitious autonomy plan for the Moroccan Sahara, few days after UN Secretary General angered Morocco calling the territory under Morocco “occupied territory”. The Foreign Ministers of the six Sunni Gulf States at […]

Morocco’s Financial System Shows Resilience Across Banking and Insurance Sectors

Morocco’s financial system continues strengthening its fundamentals, with banking and insurance sectors demonstrating robust performance, according to the Committee for Coordination and Supervision of Systemic Risks following its twenty-second session Tuesday at Bank Al-Maghrib headquarters. The banking sector recorded substantial profitability gains alongside reinforced solvency. Net income on a standalone basis increased 25% year-on-year through […]