Morocco to compete in 19 disciplines at Paris 2024 Olympics
The National Olympic Committee of Morocco (CNOM) has announced the list of disciplines in which Morocco will compete at the Paris 2024 Summer Olympics....
Energy costs rise but food prices drive down overall inflation in Q2 2024
Inflation, as measured by the HCP consumer price index, nearly halved in the second quarter of 2024 compared to the first quarter, settling at...
Morocco tops African FDI rankings with $836 million in 2023 !
Morocco has secured the top position among African countries in terms of foreign direct investments (FDI) abroad, with a total of $836 million in...
Economic loans slow down amid easing inflation and interest rate cuts
Monetary growth slightly decelerated in the second quarter of 2024, increasing by 4.3% year-on-year, compared to a 4.4% rise in the previous quarter. The...
Negative net external demand amid rising imports and exports
In the second quarter of 2024, the contribution of net external demand remained negative at -0.9 points, slightly improved from -1.1 points in the...
Agricultural activity declines by 4.9% amid severe drought in Q2 2024
Agricultural value added fell by 4.9% in the second quarter of 2024, compared to a 1.5% increase a year earlier. This downturn, mainly due...
Al Boraq’s success paves the way for Morocco’s ambitious rail expansion
In 2022, Morocco's high-speed train, Al Boraq, transported an impressive 4.15 million passengers, marking a 38% increase compared to 2019. With a 58% occupancy...
Extractive industries, construction, and commerce drive Q2 2024 growth
The second quarter of 2024 saw significant dynamism in the extractive industries, construction, and commerce sectors, each contributing to the overall economic expansion.
Extractive industries...
“Sentury Tire” opted for Morocco over Spain amid bureaucratic delays
The Spanish press has expressed frustration over the administrative delays that led Chinese tire giant Sentury Tire to abandon its plans in Spain in...
Q2 2024 sees 2.9% growth, driven by domestic demand
The national economy has shown a 2.9% growth in the second quarter of 2024 compared to the same period last year, up from a...