Morocco
Maroc Telecom Q1 profit falls 5.9% as domestic revenue declines
Morocco’s Maroc Telecom reported a 5.9% drop in first-quarter profit on Friday, with declining domestic revenue offsetting growth
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Europe has solidified its position as Morocco's leading trading partner, commanding 63.2% of the country's total merchandise trade in 2023, up from 58.8% the previous year, according to data from the Office des Changes.
Trade between Morocco and Europe is expected to reach 724.8 billion dirhams ($74.5 billion) in 2024, marking a 5.7% increase from 2022's 685.8 billion dirhams ($71.6 billion).
Meanwhile, Morocco's trade with Africa and Asia has seen a decline.
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