Culture Emerging Markets Finance Headlines Morocco

Tourism, Morocco’s leading revenue source

Morocco’s tourism continues its impressive performance with 2.4% increase in receipts by the end of March 2025, compared to the same period in 2024, with nearly 24.63 billion dirhams (approximately $2.5 billion), the foreign exchange office said. Tourism has emerged as Morocco’s leading revenue source, surpassing key sectors including automotive, chemicals, food, information technology, and […]

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Morocco charts path to digital leadership

Morocco showcased its digital transformation progress at the congress “Towards a Digitally Accessible Arab Region – ICTs for All 2025” held in Amman, Jordan. The country’s strategic roadmap for advancing digital inclusion and public service digitalization were presented at the congress by Head of Universal Digital Access Service at Morocco’s Digital Development Agency (ADD), Safaa […]

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Moroccan government to inject additional $1.4 bln in 2025 budget

The Moroccan government is seeking parliament approval to inject an additional 13 billion dirhams, or 1.4 billion dollars, in the 2025 budget to support key state institutions, including water and electricity utility ONEE. Speaking to members of parliament, minister in charge of the budget Fouzi Lekjaa said the additional funds were needed to help ONEE […]

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OCP Group launches first technology innovation day for sustainable industry

Morocco’s OCP Group, through its ManufacturiX platform within the Strategic Business Unit Manufacturing, organized the inaugural OCP InnovateX Day at Mohammed VI Polytechnic University (UM6P) in Benguerir on Tuesday. The event focused on technological innovation for sustainable industry, bringing together participants from industrial companies, startups, research centers, and academia. The initiative, launched in partnership with […]

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Morocco positions itself as Europe’s essential partner in security, energy, economy

Morocco is strengthening its position as a crucial Mediterranean partner for Europe through a multifaceted alliance spanning security, energy, and economic cooperation, according to a recent presentation at the 2025 European People’s Party (EPP) Congress held in Valencia. This partnership encompasses several strategic areas, said Secretary General of the Moroccan Istiqlal Party Nizar Baraka, highlighting […]

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Moroccan King’s strategic initiatives for developing countries highlighted at MICs conference in Manila

The strategic initiatives spearheaded by King Mohammed VI in favor of developing countries were highlighted at the ministerial conference of middle-income countries (MICs) held in Manila, Philippines, April 28 – 29. During the conference, marked by the official handover of the MICs Group chairmanship from Morocco to the Philippines, Morocco’s Permanent Representative to the United […]

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Diplomats from Sahel countries impressed by development in Morocco’s southern provinces

A delegation of diplomats from Burkina Faso, Mali, Niger, and Chad have expressed admiration for the development drive in the Dakhla-Oued Eddahab region, as well as in the other southern provinces. Following meetings with the Secretary-General of the Dakhla-Oued Eddahab Region’s Wilaya, Abderrazak El Gourji, and the Vice-President of the Regional Council, Moulay Boutal Lembarki, […]

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Tanger Med group revenue up 12.3% in 2024

Tanger Med Group, which manages the largest Mediterranean port, logistics and industrial zones, reported an annual 2024 revenue up 12.3% to $1.23 billion. The performance was largely on the back of higher container activity in the port, ranked 17th worldwide. Morocco’s Tanger Med port has widened the gap with other Mediterranean competitors, outperforming all with […]

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US and China Compete for Stake in Morocco-Nigeria Gas Pipeline

The strategic Nigeria-Morocco gas pipeline project, recently rebranded as the Atlantic Africa Pipeline, is attracting significant international interest, with both the United States and China vying for involvement in the $25 billion venture. During the IMF and World Bank Spring 2025 meetings in Washington, Nigerian Finance Minister Wale Edun revealed growing American interest in the […]

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Colombian Parliament reiterates support for Morocco’s territorial integrity

President of the Colombian Congress (Upper House of the Parliament), Efraín José Cepeda Sarabia, reiterated the support of the Colombian Parliament to Morocco’s territorial integrity. “I would like to reiterate that the Parliament, as a legitimate representative of the Colombian people, supports the sovereignty and the territorial integrity of Morocco and rejects the ill-advised position […]