Economy
Ukraine carried out another targeted drone attack against Russia’s Ryazan oil refinery overnight, intensifying its ongoing strategy to weaken Moscow’s energy production network. The strike, the ninth of this year on the facility, triggered explosions and a fire at what is considered one of......
European fintech startup Zazu has raised $1 million in pre-seed funding to accelerate its expansion into Morocco and South Africa, with plans for a broader Africa-wide rollout starting in 2026. The company, founded in 2024 by former Solarisbank executives Rinse Jacobs and Germain Bahri, offers an all-in-one......
Rabat, December 5, 2025 – The Moroccan National Railway Office (ONCF) has taken a significant step forward in railway safety, unveiling a comprehensive roadmap aimed at reducing incidents by 60% over the next five years. Wiam Ghrabi, Director of Strategic Planning at ONCF, presented the initiative......
Morocco is preparing to launch one of its most significant railway undertakings of the decade: a new rail link connecting Sidi Ichou and Fes. With an estimated cost of 1.164 billion dirhams and a construction timeline of three years, the project is expected to redefine mobility between the western region......
Morocco’s Prime Minister, Aziz Akhannouch, affirmed on Wednesday in Madrid that the partnership between Morocco and Spain serves as a strategic catalyst to strengthen relations between Africa and Europe. Speaking at the conclusion of the Spain-Morocco business forum, Akhannouch described the current......
Morocco is positioning itself as a global model in seawater desalination and the promotion of renewable energies, emphasized UN Special Envoy for Water, Retno Marsudi, during her visit to Marrakech on Tuesday. Speaking after bilateral talks with Nizar Baraka, Morocco’s Minister of Equipment and......
Morocco has seen unprecedented international interest following the launch in April 2025 of its first liquefied natural gas (LNG) terminal at Nador West Med. Over 50 global energy companies expressed initial interest in the project, with 48 formally confirming their intent to participate, reflecting......
Italia Marittima, a subsidiary of Evergreen, has launched a new commercial shipping route connecting Morocco and Spain, enhancing trade links between the two countries. The route will now operate on a four-week rotation instead of the previous three-week cycle, with weekly departures maintained. The......
Al Barid Bank has posted robust growth during the first nine months of 2025, reflecting the strength of its inclusive and innovative banking model. As of September 30, 2025, customer deposits reached 79.5 billion dirhams, up 6.6% compared to the previous year, with 37.9 billion dirhams in savings deposits,......
Türkiye’s economy grew by 3.7% year-on-year in the third quarter of 2025, according to official figures released Monday by the Turkish Statistical Institute (TurkStat). The country’s gross domestic product (GDP) at current prices surged 41.6% to 17.42 trillion......
Türkiye’s main stock index began the week with little movement, opening Monday’s session at 10,898.10 points, a marginal decline of 0.01% compared to the previous close. The slight dip follows Friday’s 0.43% drop, which saw the BIST 100 halt trading at 10,898.70......
The Casablanca Stock Exchange closed the month of November with a trading volume exceeding 5 billion dirhams, reflecting sustained investor activity and renewed confidence in the Moroccan financial market. According to market data, most of the transactions were concentrated on the Central Equity Market.......
Moroccan customs authorities have uncovered a vast network of shell companies accused of orchestrating large-scale customs fraud through suspicious import operations. Regional customs control teams in Casablanca, Tangier and Agadir, acting on instructions from the central administration, launched an......
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