Fathallah Oualalou (Arabic: فتح الله والعلو) (born 1942 in Rabat)[1] is a Moroccan politician.

He was the Minister of Economy and Finance of Morocco between March 1998 and October 2007.

[2] He is a member of the Socialist Union of Popular Forces party (USFP).

Oualalou graduated in economics from the Mohammed V University in Rabat, going on to obtain a "Diplôme d'études supérieures" (DES) in economics in Paris in 1966.

In addition to his work as an assistant at the Mohammed V University, in the 1960s he became president of the Union nationale des étudiants du Maroc [fr] and head of the Confederation of Maghreb Students.