morocco-economic progress

Libya: 4th peace proposal draft “positive” but also eyed with “displeasure”

The Tripoli-based government has welcomed the fourth version of a peace proposal draft by UN Special Envoy Bernardino Leon but the internationally recognized Tobruk-based government has stated that it will need time to examine it. Tripoli reacted to the latest draft for a transitional unity government as having “positive proposals that could lead to a […]

Morocco’s Diaspora Remittances, Tourism Revenue Offset Trade Deficit

Moroccan citizens abroad sent home record remittances totaling 111.53 billion dirhams ($12.07 billion) through November 2025, representing 1.6% annual growth from 109.8 billion dirhams during the corresponding 2024 period, according to Exchange Office data. The steady increase demonstrates continued diaspora support for Morocco’s national economy despite ongoing global economic challenges. Tourism sector recovery proved particularly […]

Mauritania has officially become a gas-producing country

Mauritania has officially become a gas-producing country, as announced by the Minister of Energy earlier on December 31, 2024. The milestone was achieved with the opening of the first natural gas well at the Grand Tortue Ahmeyim (GTA) field, marking a decisive step in the development of this major cross-border energy project. The first drop […]