Finance & Economy

Tourist receipts exceeded their pre-crisis level of 15.9% at the end of 2022, after a drop of 56.4% a year earlier, according to the Financial Studies and Forecasts Department (DEPF). Indeed, the growth of tourist receipts compared to the achievements of 2019, continued to consolidate, from quarter to quarter, reaching …

After its strong recovery in 2021, the Moroccan economy is now facing many challenges such as the effects of the slowdown in the world economy, the severe drought suffered in 2022 and the significant consequences for the current financial year, the repercussions of the international geopolitical context and the growing …

Morocco is one of the countries that receive the most foreign direct investment (FDI) in the world, positioning itself in third place in a ranking dominated by Qatar and India, according to the IMF. In a report on FDI for the year 2023 published by the Times, the kingdom is …

The Israeli company NewMed Energy announced the signing of a memorandum of understanding for the exploration and production of offshore natural gas located off Boujdour, on the South Atlantic coast. The document signed with the Ministry of Energy and Mines and the Moroccan company Adarco concerns a gas field extended …

Automotive sector exports amounted to 77.68 billion dirhams for the first nine months of this year, up 34.9% compared to the end of September 2021, according to the Foreign Exchange Office. These exports reach their highest level during the same period in the last five years, indicates the Office which …

The era of technology is once again taking us to a novelty soon to be available in Morocco thanks to the association between the African giant Jumia Technologies and the American startup specializing in drone delivery, Zipline. The leading e-commerce platform in Africa recently announced the launch of a new …

To celebrate the 10th anniversary of its Moroccan industrial site in Tangier, the Renault automotive group has awarded it the production of a new model, in addition to the Dacia: the Mobilize Duo. This first 100% electric vehicle, designed for shared mobility, will roll off the lines from 2023. Inaugurated …

Morocco and the Netherlands are strengthening their cooperation in the production of green hydrogen. Indeed, partnership projects should soon see the light of day as agreed at the end of a bilateral meeting on the sidelines of the World Hydrogen Summit & Exhibition 2022 in Rotterdam last June, including the …

Morocco is experiencing an unprecedented water shortage. The situation is worsening day by day as evidenced by the figures of the General Directorate of Hydraulics concerning the situation of the dams. As of August 31, 2022, the filling rate of dams at the national level is only 25.8%, while on …

Revenue from Foreign Direct Investments (FDI) reached 17.62 billion dirhams during the first seven months of 2022, up 80.3% compared to the same period in 2021, according to the Exchange Office. FDI receipts recorded an increase of 40.3% totaling 23.78 billion dirhams at the end of July 2022 against 16.95 …