231 amendments to the first part of the 2025 Finance Bill (PLF) were presented today to the Finance, Economic Development, and Planning Committee of the House of Councillors. The report, presented on Wednesday during a plenary session, revealed that 66 amendments were accepted, 55 were rejected, and 110 were withdrawn. The proposed amendments primarily focused […]
Morocco is strengthening its trade ties with Russia to ensure a steady supply of soft wheat, a move driven by declining domestic wheat production and a reduction in exports from traditional suppliers, particularly France. As global grain markets face challenges from climate conditions and fluctuating supply, Morocco has turned to Russia as a strategic partner […]
The Moroccan Capital Markets Authority announced on Wednesday that the giant Moroccan phosphate and fertilizer company, OCP, has received approval to issue regular bonds worth 5 billion dirhams (500 million USD). The company plans to invest 13 billion USD between 2023 and 2027 to fully transition to renewable energy and desalinated water for its industrial […]
Morocco has jumped to the 28th spot globally out of 105 countries assessed, scoring 55.7 out of 100 in the Global Tax Expenditure Transparency Index for its improved tax expenditure reporting transparency. The index was released by the Center for Economic Policy and the German Development Institute. The index ranks countries based on the quality […]
Major development projects initiated by Morocco, under the enlightened leadership of King Mohammed VI, were the focus of talks held here on Thursday between Head of Government Aziz Akhannouch and President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso. The discussions, attended by Minister of Economy and Finance Nadia Fettah, were an […]
Fitch Solutions anticipates a strong recovery of the Moroccan economy in 2025, forecasting a growth rate of 5%, driven by a combination of favorable factors, compared to 2.6% in 2024. In its latest analysis, Fitch expresses optimism about Morocco’s economic outlook for 2025. This recovery is expected to be fueled by solid investments, an agricultural […]
Fouzi Lekjaa, the Minister of Budget, criticized the Russian-based sports betting company 1XBET during a parliamentary session, accusing it of draining billions in foreign currency and engaging in “unsound” activities. Lekjaa pointed out that gambling in Morocco is well-regulated, with national companies paying taxes, while 1XBET operates in ways that violate these norms. He also […]
The Organisation for Economic Co-operation and Development (OECD) has forecasted an acceleration in Morocco’s economic growth in the coming years, despite ongoing economic and climatic challenges. According to its quarterly report on Morocco, the OECD predicts that the country’s GDP will grow by 4.1% in 2025 and 3.8% in 2026. The OECD states that this […]
Saham Finances, led by Moulay Hafid Elalamy, announced on December 3 the completion of its acquisition of a 57.67% stake in Société Générale Marocaine de Banques (SGMB) and its insurance subsidiary, La Marocaine Vie. Valued at 8 billion MAD (approximately 745 million EUR), the transaction represents a significant milestone in Saham Finances’ strategic growth and […]
Morocco is racing against time to implement a series of crucial reforms before February 2024, aiming to secure the final tranche of a $1.3 billion loan from the International Monetary Fund (IMF), according to a Bloomberg report. The IMF is scheduled to conduct its third and final review of the agreement in mid-February, with a decision […]
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