Business Emerging Markets Headlines Mauritania

Moroccan government blames unemployment on drought

Morocco’s prime minister Aziz Akhannouch defended his government’s job creation policy despite a surge in unemployment which he blamed on drought. Speaking to members of the Upper House, Akhannouch said the jobs lost in the agriculture sector were already unstable fragile jobs. The unemployment rate surged to 13.3% in 2024 from 13% a year earlier, […]

Blogs Community Features Headlines Morocco

A Nation Ready to Host the 2025 Africa Cup of Nations, the 2030 World Cup Brilliantly

Morocco, a country boasting a rich history and culture, under the leadership of King Mohammed VI, is now ready to offer the world an unforgettable experience for the 2025 Africa Cup of Nations and the 2030 World Cup. The Kingdom, witnessing a rapid development in infrastructure and services, is preparing to welcome millions of visitors […]

Emerging Markets Energy Headlines Mauritania Morocco

Morocco, Mauritania take next steps in grid interconnection

Morocco’s water and electricity agency ONEE and Mauritania’s electricity supplier SOMEC signed an agreement to connect their electricity grids. The agreement was signed by head of ONEE Tarik Hamane with his counterpart Sidi Salem Mohaned Elabd in Nouakchott. The project “is part of the Royal Atlantic initiative that aims at promoting African integration and south-south […]

Americas Headlines International Maghreb Morocco

Sahara: Guatemala reaffirms steadfast support for Morocco’s realistic & credible autonomy plan

The Government of Guatemala has lauded the Autonomy plan offered by Morocco for a lasting resolution of the Sahara regional conflict, saying the plan offers a realistic and credible solution respecting the Kingdom’s territorial integrity and national sovereignty. The supportive stand was voiced Tuesday in Rabat by Deputy Foreign Minister of this Central American country […]

Asia Business Emerging Markets Headlines International Morocco

Japanese companies explore investment opportunities in Morocco’s automotive sector

Japanese companies have launched a prospecting mission in the automotive sector in Morocco, the aim being to strengthen economic ties between Morocco and Japan. The prospecting mission, running from February 3 to 5, seeks to introduce participating Japanese companies to Morocco’s business environment and the various potential opportunities in the automotive sector. At a meeting […]

Emerging Markets Headlines Morocco

Morocco’s labor unions reject strike law

A strike law that the government managed to pass in the Parliament’s two chambers has been rejected by the main labor union, who called for a nation-wide strike and protests. In addition to the law, the unions decry the impact of inflation, low wages and what they describe as deteriorating conditions of the working class. […]

Business Emerging Markets Headlines Morocco

Drought continues to weight on Morocco’s job market

Drought continues to slash jobs in rural areas leading to the surge of the unemployment rate to 13.3% in 2024, compared with 13% in 2023, the statistics agency HCP said. The number of unemployed people in Morocco reached 1.638 million people last year, ringing the alarm bell for the government. The unemployment rate was notably […]

Business Emerging Markets Finance

Russia expands its currency trading list to 40 countries, adding Nigeria, Tunisia and Ethiopia

The Kremlin has announced the expansion of the list of “friendly and neutral” African countries whose banks may now trade currencies and derivatives in Russia. By adding Nigeria, Tunisia and Ethiopia to the list, “the number of friendly and neutral countries whose credit institutions and brokers will be allowed to trade on the Russian foreign […]

Columns Europe Headlines International Morocco

Close collaboration between Rabat and Madrid led to arrest of seven suspected ISIS members in Spain

Spanish Civil Guard announced on Monday the arrest of seven suspected members of “Daesh” in security operations carried out in close collaboration with Morocco’s Directorate of Territorial Surveillance (DGST). Three suspects were apprehended in the province of Toledo thanks to intelligence provided by the DGST regarding a group of individuals at an advanced stage of […]

Business Emerging Markets Headlines Morocco

Morocco’s tourism receipts hit record $11.2 billion

Morocco’s tourism revenue grew 7% to 11.2 billion dollars thanks to increased arrivals, the tourism ministry said. With 17.4 million tourists visiting in 2024, arrivals were two years ahead of schedule or 20% higher compared with 2023, showing the country has turned the Covid-19 page thanks to major investments in its hospitality sector. Morocco plans […]