Automotive: Morocco, leading exporter to Europe, outperforming China in 2023

Morocco has become the largest automotive exporter to the European Union. With a robust growth trajectory in finished vehicle production, the country’s trade with Europe is set to further expand in the coming years, said London-based magazine “Automotive Logistics”. In 2023, Morocco’s automotive exports to the EU saw a substantial increase, reaching a value of […]

Morocco to reduce public debt below 70%- Finance Minister

Morocco’s government debt is sustainable as efforts are ongoing to cut it further below 70% of GDP, finance minister Nadia Fettah Alaoui said. The minister made the remark during an interview on le360, following criticism by opposition MPs who warned of the risk of debt unsustainability. Debt to GDP ratio was brought below 70% this […]

Israel Officially Recognizes Morocco’s Sovereignty Over Western Sahara

The state of Israel has just announced its recognition of Morocco’s sovereignty over the Western Sahara region. The decision comes as many countries continue to cement their support for Morocco’s territorial integrity through recognition or the opening of representations in Moroccan southern provinces. A statement from the Moroccan royal cabinet said King Mohammed VI received […]