First Independent Mena Newspaper
King Mohammed VI received, on Tuesday at the Royal Palace in Tetouan, Governor of central Bank Abdellatif Jouahri, who presented to the Sovereign the Bank’s annual report on the Kingdom’s economic, monetary and financial situation in 2024. The royal audience was attended by Crown Prince Moulay El Hassan and Prince Moulay Rachid. In his address […]
The Moroccan government expects to cut its budget deficit to 3% of GDP in 2026, from 3.5% this year, as it continues to pursue fiscal consolidation and structural reforms, finance minister Nadia Fettah Alaoui said. The government expects to narrow the deficit thanks to tax reforms, while maintaining support for strategic investments and social programs, […]
Three months after a massive power outage plunged the Iberian Peninsula into darkness, Portugal unveiled Monday a €400 million plan to reinforce its electrical grid—and floated the possibility of connecting to Morocco’s power network. Environment Minister Maria da Graça Carvalho announced 31 measures designed to prevent future blackouts, reassuring citizens that not all costs would […]
Morocco’s economic geography reveals a tale of two countries: thriving coastal hubs generating most national wealth while interior regions struggle with decline, according to new regional accounts from the High Commission for Planning. Casablanca-Settat remains the undisputed economic powerhouse, contributing 31.4 percent of national GDP and over a quarter of household consumption. Yet this dominance […]
In the scorching heat of Morocco’s Rif mountains, Abderrahman Talbi tends his cannabis plants without the fear that has haunted farmers here for generations. “I can now say I am a cannabis farmer without fear,” he tells Reuters. “Peace of mind has no price.” Two years after Morocco legalized cannabis cultivation for medical and industrial […]
Twenty-six years ago, no one would have imagined that Morocco’s top exports would be cars. Morocco’s GDP, thanks to the King’s far-sighted approach, has more than doubled in a tough environment reaching some $130 billion, thanks to different economic policies spurred by the King, with the industry at its heart. Industry has helped Morocco reduce […]
Niger’s government has requested Morocco’s help for establishing a national airline carrier during a meeting held lately in Rabat between Moroccan Transport minister Abdessamad Kayouh and his Nigerien peer Abdourahamane Amadou. “Niger wants to benefit from Moroccan expertise to establish its national airline,” said the Moroccan minister citing the Kingdom’s experience in airports modernization and […]
Princess Lalla Asmaa and the First Lady of El Salvador Gabriela Rodríguez de Bukele visited on Monday in Rabat the Headquarters of Lalla Asmaa Foundation for Hearing Impaired Children and Youth. On this occasion, the Princess and the First Lady of El Salvador toured various wards of the Foundation and were briefed on the cutting-edge […]
After the Royal Palace’s announcement of Morocco’s successful joint bid to host the FIFA World Cup 2030 alongside Spain and Portugal, the country fast-tracked major infrastructure upgrades. This includes accelerated development of roads, railways, airports, hospitals, stadiums, and hotels—marking a transformative moment for Morocco’s urban and regional planning. Stadiums The country is building a 115k-seat […]
Police and customs officers at Tanger Med Port thwarted an international drug smuggling attempt early Sunday morning, seizing 4.37 tons of cannabis resin hidden inside a fruit shipment bound for Europe, a security source said. The joint control operations carried out by the police and customs services of a Morocco-registered international freight truck heading to […]