In a move that has sent shockwaves through Spain's financial sector, the government has firmly rejected the hostile takeover bid launched by BBVA for its rival Banco Sabadell. The decision, announced by Economy Minister Carlos Cuerpo, cited the potentially detrimental effects that such a merger could......
An article by the Wall Street Journal has revealed the staggering costs engulfing Saudi Arabia's ambitious NEOM project, the brainchild of Crown Prince Mohammed bin Salman. With an estimated total cost exceeding $2 trillion, the futuristic city known as "The Line" faces an uncertain future......
In a proactive stride towards environmental stewardship and sustainable development, Morocco's National Ports Agency (ANP) is poised to embark on an ambitious endeavor—the formulation of comprehensive waste management plans tailored to the nation's commercial ports. This groundbreaking......
In a strategic move to propel Morocco's digital transformation and foster an environment conducive to innovation, Ghita Mezzour, the Minister Delegate in charge of Digital Transition and Administrative Reform, held a pivotal working meeting in San Francisco, the epicenter of technological advancement......
A sobering report presented by the Economic, Social, and Environmental Council (ESEC) reveals that approximately 1.5 million Moroccan youth are adrift, outside the realms of education, training, and employment. This alarming finding highlights a pressing issue of youth disengagement that poses a significant......
In the sun-drenched landscapes of Morocco, the humble argan tree stands as a mighty symbol of resilience and socio-economic empowerment. As the world observes International Day of Argania on May 10, this ancient wonder takes center stage. Its golden elixir, argan oil, is transforming lives and entire......
Architects in Casablanca are forcefully speaking out against the pervasive bureaucratic hurdles that impede their profession, particularly concerning the municipality's handling of construction permits and occupancy certificates. The Architects' Order has condemned the obstacles encountered in......
In a significant development amid rising geopolitical tensions between the United States and China, Zhejiang Hailiang Co., a leading Chinese producer of copper tubes and rods, has announced plans to invest $288 million in a new manufacturing facility in Morocco. This strategic move underscores the company's......
In a move to strengthen economic ties and expand bilateral trade, officials from Pakistan and Morocco are set to enter a new era of cooperation. The recent discussions, held at the Federation House in Islamabad, focused on establishing direct flights and fostering robust business partnerships between......
Amid the ongoing expansion of the thriving Haliopolis industrial park in Agadir, boasting an impressive occupancy rate exceeding 90% in its initial 75-hectare phase, a new seafood processing plant is poised to join the burgeoning hub. Quality Sea Product, a family-owned SME specializing in cephalopods......
Swedish manufacturing powerhouse Trelleborg has announced plans to establish a state-of-the-art industrial unit at Morocco's Midparc industrial platform near Casablanca. The multimillion-euro investment is set to bolster Morocco's growing aerospace sector and further establish the country as......
From June 8 to 13, 2024, the Moroccan Agency for Investment and Export Development (AMDIE) is set to organize a business-to-business (B2B) mission to London, United Kingdom, and participate in the PCIM Europe trade fair in Nuremberg, Germany, from June 11 to 13, 2024. The primary goal of this mission......
Casablanca, a bustling economic hub, is gearing up for a transformative initiative aimed at streamlining commercial activities and alleviating urban congestion. According to the Arabic daily Assabah, a plan is in motion to relocate large-scale commercial operations from the historic Derb Omar market......
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