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Morocco, UN call on Libyan parties to respect elections schedule

The UN special envoy for Libya, Jan Kubis, and the Moroccan Minister of Foreign Affairs, Nasser Bourita, have stressed again the need to respect the electoral process in Libya and the elections schedule set for December 24. After a meeting in Rabat on Monday sept.13, Bourita, and the UN Special Envoy for Libya and head […]

World Bank: Remittances to Morocco surge 40 % in 2021

Remittance flows to Morocco increased by 40 pc in 2021, reaching $10.4 billion, says the World Bank in its latest “Migration & Development Brief”. With such performance, Morocco becomes the second-largest recipient of remittances in the Middle-East and North Africa region. Indicators for early 2022 suggest a continuation of buoyancy in receipts, says the WB […]

Morocco’s budget deficit increases two-fold by May to 2.2 $bln

Morocco’s budget deficit widened to 22.9 billion dirhams ($2.3 billion) at the end of May 2025, up from 11.2 billion dirhams a year earlier, the treasury said. The deficit was however offset by a positive balance of 14.1 billion dirhams from special treasury accounts and autonomously managed state services. Total ordinary revenues rose 19.6% year-on-year […]