Economy
British Steel, a key player in the UK’s steel industry, recently confirmed that it would close its blast furnaces and steelmaking operations due to ongoing market challenges, tariffs, and rising environmental costs associated with high-carbon steel production. In an official statement, the company......
Morocco's economy is set to grow by 3.6% in 2025, an increase from 3.2% in 2024, according to the World Bank's latest economic report titled "Prioritizing reforms to boost the business environment." This optimistic projection comes despite the adverse impact of droughts on agricultural......
Italian asset management firm Azimut Holding has made a significant move into the Moroccan market by acquiring minority stakes in two subsidiaries of Red Med Capital, a prominent independent investment bank in Morocco. This strategic investment marks Azimut's inaugural foray into the Moroccan financial......
Morocco has successfully raised €2 billion ($2.2 billion) in euro-denominated bonds, marking its first eurobond sale in five years. This significant financial move attracted bids totaling over €6.75 billion, surpassing initial expectations by €500 million. The funds will primarily support......
U.S. President Donald Trump has introduced a 25% tariff on imported cars and automotive parts, marking a significant escalation in the ongoing trade war. During his announcement at the White House, Trump framed the tariffs as a necessary action to reclaim economic losses from foreign nations that have......
OCP Nutricrops, a subsidiary of the OCP Group and a prominent player in phosphate-based fertilizers, has unveiled a significant investment plan aimed at increasing its fertilizer production capacity by 9 million tons by 2028. This ambitious project involves the establishment of two new mining and industrial......
The potential economic contribution of rural women in Morocco is immense, with estimates indicating that their inclusion could generate MAD 25.3 billion (approximately $2.53 billion), roughly 2.2% of the nation’s GDP. This assertion was made by High Commissioner for Planning, Chakib Benmoussa,......
The High Commission for Planning (HCP) recently released a study outlining a series of recommendations aimed at guiding policymakers, technical and financial partners, and civil society actors in structurally enhancing gender equality within public policies and the Sustainable Development Goals (SDGs). These......
German authorities have recently taken decisive action by withdrawing a shipment of Moroccan peppers from the market due to alarming levels of Abamectin, a pesticide known for its serious health risks. The peppers were imported into Germany via Spanish distributors, as reported by Hortoinfo. Inspection......
Morocco is currently maneuvering through a landscape marked by diplomatic and trade challenges, amidst a backdrop of global economic uncertainty. The year 2025 unfolds with apprehensions regarding international trade, particularly as the U.S. administration under President Trump signals potential tariffs......
Africa's digital payments landscape is poised for remarkable growth, with projections indicating a surge to $1.5 trillion by 2030, as highlighted in a recent report commissioned by Mastercard and released by Genesis Analytics. Mastercard is spearheading initiatives aimed at enhancing digital adoption......
Tanger Med Port is solidifying Morocco's position as a leader in port operations across Africa and the Mediterranean, as evidenced by its rise to 17th place in the latest global rankings by Alphaliner, which recognizes the top 30 container ports worldwide. In 2024, Tanger Med handled an impressive......
Morocco has officially announced the continuation of its subsidy program for soft wheat imports throughout 2025, a strategic response to the persistent drought that has severely impacted the nation’s agricultural output. The National Interprofessional Office for Cereals and Legumes (ONICL) confirmed......
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