Morocco's state-owned phosphate powerhouse OCP Group has finalized a MAD 2.05 billion ($205 million) agreement with Shanghai Zhenhua Heavy Industries (ZPMC) for bulk cargo handling equipment at the Port of Safi. The contract, announced December 30, specifies a 30-month delivery timeline. ZPMC, which......

Morocco's trade prospects with Africa show significant untapped potential, with export opportunities estimated at MAD 12 billion, according to Omar Hejira, Secretary of State to the Minister of Industry and Trade. Speaking at the House of Representatives' question time in Rabat on Monday, Hejira......

Navantia, a prominent Spanish shipbuilder, is fast-tracking the production of a state-of-the-art Offshore Patrol Vessel (OPV) for the Royal Moroccan Navy. This initiative, part of a €150 million contract, reflects strengthening military collaboration between Spain and Morocco. The 90-meter vessel,......

The proportion of women-led businesses in Morocco remains stagnant at 15%, according to recent findings from the Moroccan Observatory of Very Small, Small, and Medium Enterprises (OMTPME). This figure has shown no improvement since 2020, highlighting persistent gender disparities in the nation's......

For the sixth consecutive year, Electroplanet, Morocco's leading appliance retailer, has been awarded Customer Service of the Year Morocco 2025 in the category of Specialized Distribution of Home Appliances and Technology Products. This prestigious recognition, presented in Casablanca during the......

Isak Andic, the 71-year-old founder of the global fashion chain Mango, died on Saturday following a hiking accident in Spain, the company announced in a press release. Andic reportedly slipped and fell 150 meters from a cliff while hiking with family near the Montserrat caves in Barcelona. Emergency......

Global Chinese Motors has announced the appointment of Moroccan Abdelhak Khadraoui as the new General Manager of the company. Khadraoui's extensive experience in the automotive industry is expected to drive the Bugshan Automotive Group subsidiary to new heights. This leadership change follows a successful......

Morocco Achieves Major Milestone with Vice-Presidency of GFIA Morocco has achieved a landmark in the global insurance sector, with Bachir Baddou’s election as Vice President of the Global Federation of Insurance Associations (GFIA). The election, held during the GFIA General Assembly in Cape Town......

Italian manufacturer Ecoprogetti has significantly expanded its photovoltaic (PV) production capabilities, doubling the capacity of its production line in Al Hoceima, Morocco, from 500 MW to 1 GW. This move establishes the facility as the largest solar module plant in both Morocco and North Africa, as......

The CEO of Japan's largest investment bank, Nomura, has taken a significant step to address the fallout from a serious incident involving a former employee. Kentaro Okuda, who has been at the helm of Nomura since 2020, announced a voluntary 30% reduction in his salary over the next three months.......

In a landmark shift, Spanish delivery platform Glovo has announced plans to hire its delivery workers directly, moving away from its previous model of using self-employed riders. This significant decision, revealed on Monday, will impact Glovo’s operations across over 900 cities in Spain and apply......

Akdital has achieved remarkable growth, reporting revenues of 2 billion dirhams by the end of September 2024, reflecting a 52% increase in turnover. This achievement is primarily attributed to the group's strategic expansion of its national network. A key milestone in this expansion was the opening......

In an effort to address rising competition and attract cost-conscious diners, McDonald’s is set to expand its U.S. value menu early next year. This move aims to appeal to customers affected by inflation and shifting dining habits.  Starting January 7, McDonald’s will introduce a new......