The Moroccan economy remains solid despite the effects of the invasion of Ukraine and the Covid-19 pandemic, as Morocco has economic instruments capable of absorbing shocks. However, it faces significant risks, according to the International Monetary Fund (IMF).
The American automotive supplier Aptiv, specialized in wiring systems, has launched a large-scale recruitment plan for its new plant located in Oujda.
The war in Ukraine has made its way into the opening of the parliamentary session, particularly due to the surge in prices of several basic products. The RNI, the PAM and the Istiqlal have sought to reassure Moroccans about the steps taken by the government to mitigate the shock caused by the rise in prices on the market.
The government has reacted to the social tension linked to the dizzying rise in prices of basic necessities, admitting that this situation should persist, but that the country will not experience a food crisis.
Morocco could host some multinationals that have decided to leave Russia since the invasion of Ukraine. The Kingdom is on a shortlist of eligible countries.
Despite the severe drought and the effects of the Russian invasion of Ukraine, Morocco has been able to secure its wheat needs this year. Along with Nigeria, the kingdom is one of the few countries in Africa to succeed in this challenge.
A first in Morocco. The price of diesel has increased so much that it has just exceeded that of gasoline. In two weeks, diesel has recorded a price increase of just over one dirham, reaching 14.30 dirhams on Wednesday.
Once again, Morocco abstained during the vote of the United Nations General Assembly, demanding the immediate cessation of the Russian military attack on Ukraine.
To date, no Moroccan has joined the resistance alongside Ukraine to fight Russia . More than 20,000 foreign volunteers are engaged in this cause.
In order to avoid shortages and rising wheat prices , Russia has decided to apply export restrictions to four former Soviet republics. Should Morocco fear for its supply?
In order to reduce its dependence on imports following the Russia-Ukraine conflict, Brazil has requested assistance from Morocco to ensure its supply of fertilizers.
Wheat, the main staple food in Morocco , is at the heart of concerns since the Ukrainian invasion. While prices are rising on imports and domestic production is insufficient, it is announced that the existing national stock can only last 5 months.