Investment push widens Morocco’s trade deficit

The ongoing development projects in Morocco meant the country had to import more equipment and semi-finished products in 2024, leading to an expansion of the trade deficit by 7.3% at 300 billion dirhams ($30 bln). Imports at $76.1 billion outweighed exports at $43 billion, the foreign exchange regulator said. Morocco’s leading exports were cars and […]

Morocco-Nigeria: Gas Pipeline Project, Milestone for Regional Integration

The gas pipeline project to link Nigeria to Morocco is a strategic undertaking for regional integration in West Africa, said Mrs. Amina Benkhadra, Head of Morocco’s National Office for Hydrocarbons and Mining (ONHYM). This ambitious project will also have positive impacts on the socio-economic development of all countries in the region, said Mrs. Benkhadra at […]

Maroc Telecom’s Net Income Increases by 5.6% in 2014

Maroc Telecom’s growth expectations for 2014 have been fulfilled as the net income of Morocco’s leading telecommunications group increased by 5.6% to MAD 5.850 billion compared to MAD 5.540 billion a year earlier, i.e. a net margin of 20.1% in progress by 0.7 points. Last year, the consolidated revenue of Itissalat Al Maghrib or IAM […]