Fathallah Oualalou (Arabic: ??? ???? ???????) (born 1942 in Rabat) is a Moroccan politician.
He was the mayor of Rabat from 2009 to 2015.
He was the Finance and Economy minister of Morocco between 1998 and 2007.
He is a member of the Socialist Union of Popular Forces party (USFP).
Oualaalou graduated in economics from the Mohammed V University in Rabat, going on to obtain a "Dipl么me d'茅tudes sup茅rieures" (DES) in economics in Paris in 1966.