Chinese battery components giant BTR is strengthening its footprint in Morocco through the construction of two major production facilities in the Tanger Tech industrial zone. Once operational in 2026, these plants are expected to generate up to $1.2 billion in annual revenue, with a capacity aimed at......
Spanish ferry company Balearia has unveiled a significant expansion of its services between Tarifa, Spain, and Tangier, Morocco, by introducing a new high-speed ferry, the Jaume I, which commenced operations today. This ferry, with a capacity for over 600 passengers and 150 vehicles, departed from the......
Elon Technology, a private Chinese firm specializing in wind energy equipment, is set to inaugurate its first manufacturing facility outside China in Nador, located in northeastern Morocco, by the end of May. The factory’s construction is nearly complete, with plans to produce 750 sets of turbine......
Maroc Telecom shareholders will convene on June 18 to decide on a fundamental governance restructuring. The telecommunications company intends to transition from its dual-board framework to a unitary board system. This change is projected to consolidate the decision-making apparatus within the organization. The......
Ryanair reported a 16% drop in annual profit, amounting to €1.61 billion ($1.8 billion) for the fiscal year ending in March, according to its latest earnings release. Despite this, the airline saw a modest 4% increase in total revenue, reaching €13.95 billion. Passenger traffic grew significantly,......
The "Choose France" business summit this year is expected to attract €37 billion ($41.35 billion) in total investments, according to Finance Minister Eric Lombard. The event focuses on encouraging major international companies to invest in France, with €20 billion allocated to new......
Morocco’s government is set to unveil a new initiative aimed at bolstering very small enterprises (VSEs), a vital segment of the nation’s economy. The announcement was made in Casablanca by Younes Sekkouri, Minister of Economic Inclusion, Small Business, Employment, and Skills, during the......
About twenty Spanish citizens are currently confined within the Spanish Embassy in Tripoli, Libya, awaiting repatriation, which they expect to happen within one or two days. The Libyan Government of National Unity recently announced a ceasefire after several days of clashes among local militias in the......
U.S. President Donald Trump announced a series of commercial agreements exceeding $200 billion between the United States and the United Arab Emirates. Among the major deals was a $14.5 billion agreement involving Boeing, GE Aerospace, and Etihad Airways, as confirmed by the White House. Etihad Airways,......
OCP Maintenance Solutions launches expertise center for turbomachinery OCP Maintenance Solutions (OCP-MS), a subsidiary of OCP Group, has officially announced the launch of its expertise center for turbomachinery. This initiative, revealed on Monday, represents a significant step towards enhancing technical......
During a visit to Doha, U.S. President Donald Trump announced that Qatar Airways had placed a record-breaking order for 160 Boeing aircraft, marking a major milestone for the American aerospace firm. The White House confirmed that this is the largest order ever for Boeing's wide-body jets. According......
Forbes Middle East has unveiled its “Top 100 Arab Family Businesses 2025” list, highlighting the prominence of three Moroccan family enterprises among the most influential in the Arab world. This recognition underscores the growing impact of Moroccan businesses on the regional economic landscape. The......
Japanese tech conglomerate SoftBank has reported a net profit of $7.8 billion (1.15 trillion yen) for the fiscal year ending March 2025, marking a strong turnaround from a net loss of 227 billion yen in the previous year. This marks SoftBank’s first full-year profit since the 2020–2021 fiscal......
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