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Economy
In a landscape-shifting move, major French banks are withdrawing from their long-standing presence in African markets, creating new competition and opening doors for local and regional lenders. This trend, outlined in a recent Fitch Ratings report, signals a significant transformation in the African......
Morocco's telecommunications industry is undergoing a significant transformation as the nation's mobile market experiences remarkable growth. By the end of 2023, mobile connections had soared to 55.9 million, according to a report from the Ministry of Economy and Finance. This represents a 5.6%......
Morocco's Competition Council has announced plans to conduct a comprehensive investigation into alleged price increases at cafes across the country. This move follows rising concerns about anti-competitive practices that could negatively impact consumers. Initial findings suggest that some cafe......
In a groundbreaking move, GE Vernova, a leading energy company, has announced a $10.2 million investment in Xlinks' ambitious Morocco-UK power project. This strategic partnership highlights GE Vernova's commitment to accelerating the delivery and build-out of this landmark initiative, which aims......
In a strategic move to strengthen its footprint in the Moroccan market, the Spanish group Arco Global Tecnología y Desarrollo (Arco Group), a specialist in comprehensive solutions for aggregate plants including machinery, products, and automation, has announced the establishment of a subsidiary......
In a stride towards fostering regional collaborations and embracing emerging technologies, Morocco has taken part in the Annual Congress of the Arab Capital Markets Federation held in Doha. The kingdom's representation at this pivotal event is spearheaded by Tarik Senhaji, the Director General of......
In recent years, the automotive industry has emerged as a driving force behind Morocco's economic growth. Within a relatively short span, the sector has transformed into the nation's foremost industrial domain, attracting numerous foreign industry leaders specializing in the manufacturing of......
In a resounding endorsement of its unwavering commitment to excellence and innovation, Lesieur Cristal has emerged as a dominant force at the 2024 'Product of the Year' awards in Morocco. A remarkable eight of the company's products have been bestowed with this prestigious accolade, a testament......
SDX Energy, a London-listed energy company, has commenced gas production at its highly anticipated KSR-21 well in Morocco's Gharb Basin. This significant development follows the company's successful acquisition of government approval, marking a pivotal moment in SDX Energy's strategic expansion......
The dirham, Morocco's official currency, has experienced a noticeable decline against the euro, drawing the attention of financial analysts and market watchers. According to a recent report from Morocco's central bank, the dirham's exchange rate fell by 0.46 percent against the euro from......
In a groundbreaking move that could reshape the global aviation landscape, Dubai's ruler, Sheikh Mohammed bin Rashid al-Maktoum, has approved the construction of a massive $35 billion passenger terminal at Al Maktoum International Airport. This ambitious decision, announced by the Sheikh on X (formerly......
Recent negotiations between labor unions and the government in Morocco have paved the way for significant wage increases, providing financial relief to employees across the country. Miloudi Mokharek, the Secretary-General of the Moroccan Labor Union (UMT), has announced that workers earning the minimum......
In a statement delivered on Friday at the Morocco-France Economic Forum, Ali Seddiki, the Director-General of the Moroccan Agency for Investment and Export Development (AMDIE), emphasized that Morocco is a world-class business hub with innovative ecosystems in cutting-edge sectors. Highlighting Morocco's......
