Business Headlines Morocco

Casablanca’s new airport terminal on track for 2029 delivery

The construction of the new terminal at Casablanca’s Mohammed V Airport is progressing according to schedule and is set for completion in 2029, Transport and Logistics Minister Abdessamad Kayouh said. In an interview with Le360, the minister said the future terminal will significantly boost capacity, bringing the airport’s throughput to 40 million passengers per year, […]

Business Headlines Morocco

Overfishing, declining stocks behind Morocco’s ban on frozen sardines exports

The Moroccan government ordered a temporary suspension of frozen sardine exports, as part of a broader plan to strengthen national food security and protect a marine resource under mounting pressure, according to a recent analysis.   The decision was first explained by the ministry in charge as a move to raise annual national fish consumption […]

Business Headlines Morocco

MARSA MAROC PICKS RIKON FOR CRANE TRANSPORT PROJECT

Morocco’s leading port operator Marsa Maroc has awarded to Latvian RIKON firm the contract for the complex transportation of a fully assembled, German-produced Double Jib Level Luffing crane from the Port of Nador to the Port of Safi in Morocco.   The project involves the transport of the crane in a fully assembled state, a logistically […]

Africa Finance Headlines

Sudan Approves 2026 Emergency Budget as Government Resumes Work in Khartoum

Sudan’s Sovereign Council and cabinet approved the 2026 emergency budget on Wednesday, marking their first joint meeting in Khartoum since the conflict erupted in April 2023. The Sovereign Council said the meeting followed the return of the military-led body and the “Government of Hope” to the capital. Information Minister Khalid Aleisir confirmed that the budget […]

Business Headlines Morocco

Morocco’s auto market posts historic 33% growth in 2025

The Moroccan automobile market recorded a landmark year in 2025, posting a historic 33% surge in sales driven by renewed consumer demand, the rapid rise of hybrid and electric vehicles, and an unprecedented influx of Chinese carmakers. Total sales reached 235,372 units by the end of December, compared with 176,401 in 2024, according to data […]

Emerging Markets Headlines Morocco

Morocco’s Farming Sector Faces Critical Labor Shortage Despite Production Growth

Morocco’s farming sector faces an acute labor shortage that industry leaders now characterize as more pressing than water scarcity, threatening harvests across multiple crops despite favorable rainfall boosting production. Agricultural employers struggle recruiting workers, particularly for seasonal employment essential to manual operations including harvesting, thinning, and crop maintenance. Rachid Benali, president of the Moroccan Confederation […]

Finance Headlines Libya

Libya Devalues Dinar by 14.7% Amid Falling Oil Revenues and Fiscal Strain

Libya’s central bank devalued the dinar by 14.7%, citing declining oil revenues and mounting economic pressures. The decision followed deliberations at the bank’s first board meeting of 2026, held last week, and was based on recommendations from the Monetary Policy Committee. Following the adjustment, the exchange rate was set at 0.1150 Special Drawing Rights (SDR) […]

Asia Business Headlines Morocco

DEFENSE: MOROCCO EXPLORING ACQUSITION OF KOREAN K2 TANKS & MEDIUM RANGE AIR DEFENSE SYSTEM

Morocco is reportedly exploring the acquisition of up to 400 South Korean K2 Black Panther tanks and the Cheongung medium-range air defense system as strategic partnership between Seoul and Rabat is gaining momentum. According to experts, the potential deal would enable Moroccan army to diversify military weaponry and modernize its land and air defense capabilities. […]

Emerging Markets Europe Headlines Morocco

Morocco Showcases Water Management Expertise at Berlin Global Food Forum

Agriculture Minister Ahmed El Bouari represented Morocco at the 18th Global Forum for Food and Agriculture held January 14-17 in Berlin during International Green Week. The Kingdom’s participation reaffirmed commitment to integrated sustainable water resource management, resilient agriculture, and strengthened international cooperation supporting food security and sustainable development. Organized under the theme “Water. Crops. Our […]

Americas Business Headlines Morocco

U.S. AGRO-BUSINESS MISSION TO VISIT MOROCCO IN APRIL

An American trade mission from North Dakota will visit Morocco in April 2026 to explore joint business and investment opportunities offered in agrifood sector, one of the key pillars of the Kingdom’s economy. The announcement was made by Agriculture Commissioner of North Dakota Doug Goehring. “The purpose of the mission to Morocco is to develop […]