Morocco Achieves a Water Milestone with EBRD's Support The Guelmim-Oued Noun region in Morocco is poised for a significant transformation as the European Bank for Reconstruction and Development (EBRD) injects MAD 130 million (€12 million) into crucial upgrades for its drinking water supply......
The Moroccan government is making a bold play in the realm of short-term investments to invigorate economic growth. In a recent move, the nation's Treasury and External Finance Department injected a substantial sum of 1.9 billion Moroccan dirhams (equivalent to almost $195 million) into overnight......
For years, Morocco's major oil companies have orchestrated an intricate price-fixing scheme, siphoning billions from unsuspecting consumers while regulatory bodies turned a blind eye. However, this elaborate web may finally be unraveling. The Competition Council of this North African nation has......
Casablanca, Morocco - A groundbreaking partnership is set to propel energy efficiency initiatives throughout Morocco and Africa. Attijariwafa Bank, a prominent Moroccan bank, officially inked a Memorandum of Understanding (MoU) on Tuesday with Schneider Electric, a French energy management giant, at......
Euromonitor International, a global authority in in-depth market analysis, has just unveiled its annual report highlighting the major global consumption trends for the year 2024. This edition underscores the significant influence of artificial intelligence, sustainability, as well as social, economic,......
Morocco's Treasury capitalizes on a favorable budget surplus this year, signaling a positive turn in the nation's economic landscape. On Tuesday, the Treasury and External Finance Department (DTFE) under the Ministry of Economy and Finance unveiled plans for a strategic investment, injecting......
In a joint effort, Safran Group, a prominent French manufacturer of aeronautical components, and the Moroccan government have officially inked an agreement in Rabat. The primary goal of this collaboration is to bolster the aerospace ecosystem in Morocco, concurrently advancing technological progress......
The Moroccan Competition Council has issued a stern warning to the behemoths of the oil industry, emphasizing the consequences of failing to honor their commitments. Council President Ahmed Rahhou, in a recent interview, shed light on the persistent scrutiny of the country's diesel and gasoline markets,......
The Alshaya Group has unequivocally refuted recent reports suggesting a potential withdrawal from Morocco. Responding in writing, the organization dismissed rumors surrounding the possible closure of Starbucks coffee shops and H&M ready-to-wear outlets. The group's spokesperson emphasized an......
The group of architects led by Tarik Bouhmala and Abdelkrim Bouyacoub has been chosen to undertake the expansion of Tangier airport, a project commissioned by the National Airports Office (ONDA). This project encompasses the construction of a new passenger terminal and control tower at Tangier Ibn Batouta......
In a testament to the unwavering commitment of Moroccans residing abroad (MRE) to their homeland, the Office des Changes reports a notable milestone in fund transfers. As of the end of October 2023, remittances from MREs have surged to approximately 96.43 billion Moroccan Dirhams, marking a remarkable......
In a strategic move to fortify its financial structure, OCP Group, the giant phosphate producer, has obtained approval from the Moroccan Capital Market Authority (AMMC) for a perpetual subordinated bond issuance. This issuance, valued at 5 billion Moroccan Dirhams (MAD), includes options for early repayment......
After experiencing a robust growth rate of 7.5% in 2022, the expansion of banking credit in Morocco has slowed down to 4.9% by the end of October 2023. This deceleration is attributed to a 3.8% decline in cash facilities, marking a notable contrast to their significant surge over the past three years.......
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