First Independent Mena Newspaper
Investment Minister Karim Zidane announced that 89 investment projects totaling over 1.28 billion dirhams received approval under the very small, small, and medium enterprise support framework launched six weeks ago. The figures were presented by the official during a parliament question time on business support mechanisms and investment promotion. He specified these projects should enable […]
Chinese tire manufacturer Guizhou Tyre has approved plans to build a new production facility in the Cité Mohammed VI, Tanger Tech industrial zone, confirming an investment close to 300 million dollars. The company’s board of directors validated the project on January 5, giving the green light for the construction of an intelligent tire plant with […]
Morocco is poised to enter 2026 in a favorable position, with Standard Chartered forecasting 4.5% economic growth for the year, driven by resilient non agricultural sectors, accelerating investment, and robust domestic demand. The projection was published in Standard Chartered Global Focus 2026 report. It follows an estimated 4.8% expansion in 2025, marking the strongest post […]
Morocco welcomed a record 19.8 million visitors in 2025, a surge of more than 14% from the previous year, edging close to the symbolic 20 million milestone for the first time, tourism ministry data showed. Tourism revenues hit 124 billion dirhams or 13.6 billion dollars by November, up 19% year-on-year, according to the ministry, confirming […]
Morocco’s import unit values declined 5.8% during the third quarter of 2025, while export unit values recorded slight 0.4% increases compared to the corresponding 2024 period, according to the High Commission for Planning’s Monday, January 5 report. The commission attributes import index declines primarily to marked price reductions across several product categories. Industrial equipment finished […]
Libya’s Ministry of Foreign Affairs has convened the first meeting of a high-level preparatory committee to begin arrangements for hosting the fourth Turkey–Africa Partnership Summit. The meeting outlined the overall framework for preparations and underscored the political and diplomatic importance of the summit. Officials described the event as a major milestone in Turkey–Africa relations, providing […]
Jiangsu Yunyi Electric Company, a high-tech Chinese manufacturer specializing in automotive electronic components, has announced plans to invest $66 million in a production site in Tangier, Morocco’s automotive hub. In a press release, the Company says the Tangier plant will be an important overseas production base, leveraging local resources enhancing Jiangsu’s global competitiveness and medium- […]
Moroccan citizens abroad sent home record remittances totaling 111.53 billion dirhams ($12.07 billion) through November 2025, representing 1.6% annual growth from 109.8 billion dirhams during the corresponding 2024 period, according to Exchange Office data. The steady increase demonstrates continued diaspora support for Morocco’s national economy despite ongoing global economic challenges. Tourism sector recovery proved particularly […]
Morocco’s foreign trade evolved within persistent imbalances during 2025’s first eleven months, with Exchange Office figures showing significant trade deficit widening, translating to accentuated pressure on goods exchange balance according to recent data analysis. This situation stems primarily from sustained import increases substantially exceeding export growth. Domestic demand combined with industrial and agricultural input needs […]
Morocco’s General Tax Directorate detailed principal fiscal measures contained in the 2026 budget law, continuing reforms initiated in 2023 under framework law 69-19 governing comprehensive tax system restructuring. The legislation aims to reinforce previous reform achievements while accelerating growth dynamics and employment creation. Recent years’ reforms addressed corporate tax, value-added tax, and income tax, progressively […]