Saham Group has finalized its acquisition of Société Générale’s Moroccan banking and insurance subsidiaries, marking a significant milestone for the company and a notable return to the financial sector for its founder, Moulay Hafid Elalamy. The transaction, valued at......
Morocco’s Minister of Energy Transition and Sustainable Development, Leila Benali, underscored the Kingdom’s commitment to fostering a sustainable mining industry during her speech at the first International Mining Congress of Morocco (IMC Morocco 2024) in Marrakech on Tuesday, according......
Morocco has introduced temporary anti-dumping tariffs on canned tomato imports from Egypt following an investigation by the Ministry of Trade and Industry. This move responds to a complaint from the National Federation of Food Industries, highlighting concerns about unfair trade practices affecting the......
Spain and Morocco have shared a unique connection since 1997, one that runs deep beneath the Strait of Gibraltar. While discussions about a potential tunnel dominate headlines, an existing submarine electrical interconnection quietly underscores a history of cooperation between Europe and Africa. The......
The Finance, Planning, and Economic Development Committee of the House of Councillors has officially approved the first part of the 2025 Finance Bill. This decision came after a majority vote on Monday, with the proposal passing 12 votes in favor, 2 against, and one abstention. The government responded......
Russian President Vladimir Putin has approved an unprecedented defense budget for 2025, allocating approximately $126 billion, or 13.5 trillion rubles, to the national defense sector. This amount constitutes 32.5% of the total government spending, marking a significant rise from the previous year’s......
Chinese companies are increasingly investing in Morocco's burgeoning electric vehicle (EV) industry, drawn by the country's strategic location and opportunities tied to U.S. subsidies. A recent article by the South China Morning Post highlighted the growing collaboration, marking a pivotal moment......
BANK OF AFRICA has solidified its reputation as an innovation leader with the launch of the first fully digital and collaborative platform dedicated to Supply Chain Finance (SCF) in Morocco. This groundbreaking solution is accessible to both buyers and suppliers, transforming financial flow management......
Morocco's aerospace sector has seen significant growth in 2024, with exports reaching MAD 21.86 billion ($2.16 billion), marking an impressive 17.3% increase compared to the previous year. This rise reflects a robust performance, particularly in the assembly segment, which alone grew by 26.9%, bringing......
Morocco's export sectors have experienced notable growth, positioning the country as a rising force in global trade, especially in services. As of October, Morocco's trade exports reached MAD 373.54 billion ($37.4 billion), reflecting a 6.2% increase compared to MAD 351.66 billion ($35.21 billion)......
Morocco has entered a strategic partnership with Russia to diversify its grain imports and address growing domestic wheat demand, exacerbated by severe drought conditions. The agreement, signed on Friday, marks a significant step for the North African nation in securing more stable grain supplies, particularly......
The investment potential of Morocco's southern provinces was showcased on Saturday in Trento, northeast Italy, during a meeting attended by a high-level Moroccan delegation. The delegation, representing the Saharan provinces, included parliamentarians, local officials, and departmental representatives. The......
Morocco’s economy continues to benefit from robust remittances sent by its diaspora, with recent data from the country’s Exchange Office revealing that these transfers reached MAD 100.290 billion ($10 billion) by the end of October 2024. This marks a notable increase from MAD 96.51 billion......
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