Morocco's General Directorate of Civil Aviation (DGAC) has earmarked a substantial investment of MAD 9.7 million ($950,000) for a comprehensive study aimed at upgrading 20 national airports across the country. Launched through an international tender, this initiative seeks to develop a cohesive blueprint......
Morocco's National Railway Operator Initiates Bidding Process for Landmark 375-Kilometer High-Speed Rail Project. In a strategic move to fortify its nationwide transportation infrastructure, the Moroccan government has announced the commencement of a tender for the construction of a high-speed railway......
In a testament to Morocco's strong economic performance, the Kingdom's General Treasury (TGR) has reported that net customs revenues soared to a remarkable MAD 20 billion ($2 billion) in the first quarter of 2024, marking a 1.8% increase compared to the same period the previous year. According......
Egypt's agricultural sector achieves a remarkable feat as it secures access to the Moroccan market for its prized potato exports. This milestone, announced by Minister of Agriculture and Land Reclamation Elsayed Al-Qasir, signals a significant stride towards economic prosperity for Egypt's farming......
The banking group Société Générale announced on Friday that it has signed a contract to sell its stake in Société Générale Maroc to the Moroccan holding company Saham for a total of 745 million euros. According to Société Générale's......
In a significant development for the transitioning energy sector in Africa, Chariot Limited (AIM: CHAR) has officially concluded its partnership with Energean plc (LON: ENOG) following the attainment of all governmental and regulatory approvals from the Kingdom of Morocco. This finalization, initially......
The Moroccan Society of Tourism Engineering (SMIT) has announced the launch of tenders for the selection of providers who will be responsible for accompanying the implementation of the incubation program for the development of tourism entertainment projects. These projects cover areas such as leisure......
The Swedish maritime company, Stena Line, has reached an agreement to acquire 49% of the shares of the ferry company Africa Morocco Link (AML). The agreement is subject to approval from Moroccan authorities. This summer, AML will launch a new high-speed connection between Tangier and Tarifa. In detail,......
The Moroccan Agency for Logistics Development (AMDL) aims to kickstart the implementation of the national logistic zones program. In this regard, it signed a Memorandum of Understanding with MED Z, a subsidiary of CDG Development, on Tuesday in Rabat, during a ceremony chaired by the Minister of Transport......
On Monday, April 8, the OCP Group announced a partnership with Fortescue, a leader in iron ore, for a Joint-Venture (JV). This equal partnership aims to provide green hydrogen, green ammonia, and green fertilizers to Morocco, Europe, and international markets, according to the global giant of phosphate......
According to the High Commission for Planning (HCP), inflation would have continued its downward trend to reach its lowest level in eleven quarters, standing at +1.1% in the first quarter of 2024, which is 2.7 points lower than the previous quarter. This easing of prices would have resulted from a marked......
The Spanish government announced on Monday the abolition of "golden visas" granted to foreign nationals investing in real estate, aiming to curb speculation affecting many cities in the country. Prime Minister Pedro Sánchez stated that the government will "abolish the granting......
U.S. Treasury bond yields rose on Friday after March employment data exceeded expectations. The yield on 10-year Treasury bonds increased by 7 basis points to 4.378%, while that of 2-year bonds rose to 4.715%. The U.S. economy added 303,000 nonfarm jobs last March, well above expectations, according......
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