Business Emerging Markets Headlines Morocco

Marrakech, top trending destination in 2024- Airbnb says

Marrakech was ranked among the World’s top trending destinations in 2024 for vacation, rental platform Airbnb said. The Red city, known for its well-preserved centuries-old monuments and vibrant nightlife, was ranked 6th among 24 most attractive cities to visit this year, Airbnb said in a recent report. The ranking evidences the city’s resilience a few […]

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Morocco steps up extensive social reform program, introduces direct financial assistance for needy families

Morocco has stepped up its extensive social reform program by introducing direct financial assistance for needy families. As of this December 28, nearly one million families, or 3.5 million Moroccans, started receiving direct financial assistance for the first time. This long-awaited measure ensures a minimum amount of 500 dirhams (about 45 euros) per month, regardless […]

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AI integration into public services, Morocco ranks 5th in Africa

Morocco ranked fifth in the list of African countries ready to effectively integrate AI into public services, according to the Oxford Institute AI readiness index. With an overall score of 43.34 out of 100, the Kingdom is becoming increasingly ready to embrace and implement the technology, according to the “Government AI Readiness Index 2023” report, […]

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Seychelles: Central Bank Chief steps down in March 2024

The governor of the Central Bank of Seychelles (CBS) Caroline Abel, will leave her position in March 2024 when her contract ends. C. Abel made the announcement during the CBS press conference on the monetary policy for the upcoming three months, State-run news agency reports. “Today is my last press conference as governor of the […]

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Retrospective 2023: Morocco’s Football World Cup Dream Becomes Reality!

Morocco’s football fairytale continues to inspire and impress the world which has recognized the major strides accomplished by the country in the field of sports under the leadership of King Mohammed VI. In early October 2023, the success-story of the North African Kingdom was crowned with the announcement made by the Monarch to the Moroccan […]

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Russia re-opens embassy in Burkina Faso after nearly 32-year absence

Russia has re-opened its Embassy in Burkina Faso’s capital Ouagadougou, nearly 32 years after shutting down the mission. This comes amid growing ties between the two countries. Russia’s Ambassador to Côte d’Ivoire and Burkina Faso, Alexei Saltykov witnessed the ceremony alongside his host, Burkina Faso’s top diplomat, Karamoko Jean Marie Traore. The Russian diplomat underscored […]

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Morocco narrows its trade deficit by 7.6% in November

Morocco cut its trade deficit by 7.6% in November thanks to higher exports of the automotive sector and lower energy prices. Morocco’s imports stood at 653 billion dirhams, down 3.3%, while its exports remained almost stable at 392 billion dirhams. A drop in phosphates and by product sales was compensated by an improvement in sales […]

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EIB supports Morocco’s forest strategy with €100 million

The European Investment Bank will support Morocco’s Forest Strategy 2020-2030 with €100 million under a financing agreement signed in Rabat on Thursday Dec. 28. The agreement, which falls in the frame of cooperation between Morocco and the EIB and which spans the period from 2024 to 2028, focuses on climate change adaptation, biodiversity promotion, and […]

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DGSN to consolidate achievements, promote international security cooperation in 2024

The General Directorate of National Security (DGSN) is determined, in 2024, to consolidate the achievements made in modernizing and improving police infrastructures and services, to provide an adequate response to citizens’ expectations of the public police service. The institution also intends to strengthen and enhance international security cooperation, by sharing its experience in the fight […]

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Morocco looks to increase medical staff, lure foreign doctors to address shortage

Morocco will offer incentives to attract foreign doctors and increase the number of graduates from medicine faculties to address a shortage due to brain drain, the health minister said. Up to 1400 doctors trained in Moroccan universities leave the country, mostly to Europe, where many countries are vying to attract foreign medics, minister Khaled Ait […]