Morocco’s Energy Bill Down 30% by July

Morocco’s oil and gas imports stood at 29.394 billion dirhams by July 2016 compared to 41.947 billion dirhams the same period last year, which is a significant 30% drop, Morocco’s exchange office said in its latest statistics. Yet, despite the drop in oil prices, Morocco’s commercial deficit deepened 7.5% as imports continue to exceed exports. […]

Morocco’s King reiterates call for open borders with Algeria

King Mohammed VI of Morocco reiterated his call for open borders with Algeria, saying ties with the north African neighbor are “stable” “My endeavors to serve the Moroccan people are not limited to domestic issues only. I am also keen to establish solid relations with sister nations and friendly countries, particularly our neighbors,” he said. […]

African Cup of Nations to generate $1.2 billion dirhams in Morocco

The Africa Cup of Nations 2025 is proving to be more than a sporting spectacle for Morocco, with projected economic benefits reaching 12 billion dirhams (about $1.2 billion), the tournament is acting as a powerful engine for growth, Moroccan media said. Between 600,000 and one million visitors have joined the host cities, driving unprecedented demand […]