June 24     Moroccans are embracing the mobile revolution with open arms, as evidenced by the skyrocketing number of mobile phone subscriptions. According to a recent report by the Directorate of Financial Studies and Forecasts (DEPF), over 55.4 million Moroccans were connected by mobile phone in the first quarter of 2024, a staggering 4.8% increase compared to the same period last year.

June 21    Casablanca is the leading North African city in the Global Cities Index 2024 by Oxford Economics. The city has been ranked 442nd out of 1,000 cities in the latest ranking. 

June 19    Casablanca and Rabat, two of Morocco’s major cities, are among the least expensive places for expatriates to live in the Middle East and North Africa region. According to the latest cost-of-living survey by Mercer, Casablanca is ranked 153rd and Rabat 173rd out of 226 major global cities. 

June 14     Only one-third of Moroccans hold a positive view of their country’s economic situation, according to a recent survey by the Arab Barometer. Conducted from December 2023 to January 2024, the survey attributes Moroccans’ low confidence in the national economy to the enduring financial pressures four years after the outbreak of the coronavirus pandemic.

June 7     Gotion High-tech, the Volkswagen-backed Chinese battery giant, will build Morocco's first electric vehicle battery gigafactory for a total cost of 12.8 billion dirhams ($1.3 billion), the Moroccan government said. 

May 23      Minister of Tourism said in an interview that Morocco has launched plans to promote Morocco as a tourism destination with the goal of welcoming 26 million tourists by 2030.

May 16      In a new report published, the European Bank for Reconstruction and Development projected an annual growth rate of 3% for Morocco’s economy in 2024.

May 15       The demand of Moroccans for electric cars remains limited due to technical reasons and consumption culture, with gasoline and diesel cars continuing to dominate the national market. The cost of batteries used in electric cars significantly impacts Moroccan consumer interest despite the remarkable increase in foreign investments in this sector, particularly from China.

May 10       The Ministry of Tourism reported that Morocco’s tourism sector recorded a record number exceeding 1.3 million tourists by April 2024, recording a remarkable growth of 17 % compared to April 2023.

May 6        Morocco’s unemployment rate has surged to a 25-year high of 13.7% in the first quarter of 2024, driven by a prolonged drought, the informal sector’s expansion, outdated data collection and unreported employment, according to a recent Bloomberg report.

May 6       Spanish newspaper Atalayar revealed that Morocco has surpassed China, Japan, and India to become the main exporter of the automotive sector to the European Union. The kingdom uses modern factories, industrial complexes, qualified employees and low production costs to create a strong commercial landscape, with a production turnover that reached more than 535,000 cars.