Business
In a significant development for Morocco's food industry, COPAG-Jaouda has launched "Nabatlé," the country's first domestically produced plant-based milk. The new product line addresses growing consumer demand for healthier, natural alternatives while maintaining accessibility......
Boeing posted a significant loss for 2024, reporting a $11.8 billion deficit after facing multiple setbacks throughout the year, including an extended labor strike, safety concerns with its commercial planes, and defense contract issues. The company incurred a $3.9 billion loss in the fourth quarter,......
Allianz Trade, a global leader in credit insurance, has named Stéphane Rutili as its new Chief Executive Officer for Morocco, effective January 2025. Rutili steps into the role following the departure of Hicham Bensaid Alaoui, who concluded his tenure at the end of December 2024. With a career......
Kaspersky experts have uncovered a new phishing scam targeting businesses advertising on Facebook. Cybercriminals are impersonating Meta for Business, the platform dedicated to enterprise users, and sending fraudulent emails claiming that the recipient’s page contains prohibited content. These......
KEC International, the Indian engineering powerhouse, marked a significant milestone with the completion of its inaugural power transmission project in Morocco's Casablanca region. The 96-kilometer Chemia Sidi Bennour Transmission Line, operating at 400-kV capacity, represents a strategic enhancement......
In the first ten months of 2024, Morocco's business landscape presents a complex picture of growth and challenges as the nation recorded 78,244 new business registrations, according to recent data from the Moroccan Office of Industrial and Commercial Property (OMPIC). This surge in entrepreneurship,......
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......
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