First Independent Mena Newspaper
Morocco’s foreign exchange reserves reached a record $48.6 billion in 2025, placing the kingdom fifth among African countries, according to a report by the African Export-Import Bank (Afreximbank). The reserves jumped 30.8% in one year, Morocco’s strongest annual increase since 2021, strengthening its buffer against external shocks and improving its capacity to finance imports. Morocco […]
Morocco’s Digital Development Agency (ADD) has launched a review of GITEX Africa four years after the technology event’s launch, seeking to determine whether it is delivering enough value for the country. The agency has hired an external consultant to assess the event’s economic, business, technology and media impact, and to examine how GITEX Africa should […]
The Moroccan Atlantic city of Agadir has been named among the ten best destinations for sun and swimming in September by German travel portal HolidayCheck. The Moroccan coastal city was included in a list of destinations reachable within a few hours’ flight that offer less crowded beaches, stable weather and seas that remain warm through […]
The African Development Bank’s 2025 Industrialization Index delivered a verdict that should unsettle Algiers. Morocco now tops Africa’s industrial rankings, ahead of South Africa, while Algeria, sits on some of the continent’s largest hydrocarbon reserves, it trails behind as one of the least industrialized and least diversified African economies. It is the predictable outcome of […]
The European Commission said this week it remains committed to a “long-standing, comprehensive and deep” partnership with Morocco and is prepared to open talks on a new Sustainable Fisheries Partnership Agreement, though it gave no indication of when negotiations might begin saying it all depends on Rabat. “There is no timeline for negotiating rounds or […]
Morocco’s coastal and artisanal fishing sector generated more than 6.28 billion dirhams in marketed products by the end of July 2026, up 2 percent compared with the same period last year, according to the National Fisheries Office (ONP). The volume of products landed reached 551,547 tons, an increase of 5 percent year-on-year, the ONP said […]
Steel demand in Morocco is expected to rise 7 to 8 percent in 2026, reaching between 2.75 and 2.82 million tonnes, before crossing 3 million tonnes for the first time in 2027, driven by construction, autos, wind power and preparations for the 2030 World Cup, according to 7News Morocco. Domestic steelmakers, led by Sonasid, Maghreb […]
Major international hotel chains are expanding their footprint in Morocco, drawn by sustained tourism growth and the prospects tied to 2030. Marriott, Hilton, Accor, Radisson and IHG are all reinforcing their presence in the Kingdom, which now counts 75 hotels and resorts in development totaling 10,606 rooms, according to the Hotel Chain Development Pipelines in […]
ORNX consortium has selected U.S. engineering KBR firm to conduct the pre-FEED study for its Laayoune green ammonia project in Morocco. The study is being supported through funding from the U.S. Trade and Development Agency (USTDA). KBR will provide technology licensing and pre-FEED services for the project, which is expected to produce approximately 560,000 metric […]
Morocco has reached a new milestone in Norway’s fresh berry market, reclaiming its position as leading supplier of raspberries and blackberries and surpassing, for the first time, half of the country’s total imports in the category. Between July 2025 and June 2026, Norway imported 707 tons of fresh raspberries and blackberries from Morocco, worth more […]