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Economy


Moroccan Think Tank PCNS Collaborates with UN to Drive Inclusive Industrial Growth

In a significant move aimed at bolstering sustainable industrial development worldwide, the United Nations Industrial Development Organization (UNIDO) and the Policy Center for the New South (PCNS) have forged a strategic partnership. This collaboration, formalized on June 6th at the PCNS headquarters......

Morocco's Strategic Positioning for Dominance in Green Maritime Fuel

In a recent report, Morocco emerges as a prime contender for dominance in the burgeoning green maritime fuel industry, poised to capitalize on Europe's transition to sustainable shipping practices. The report, jointly published by the Transport and Environment Organization and the Imal Initiative......

Tesla: Elon Musk's Lavish Compensation Demand Raises Eyebrows

In an unprecedented move, Elon Musk's colossal compensation package, valued at a staggering $56 billion, has become a subject of intense scrutiny. The saga, which began in 2018 when Tesla's board approved the lucrative deal, took a dramatic turn when a U.S. court annulled the compensation plan......

Morocco's Entrepreneurial Surge: OMPIC Reports Nearly 25,000 New Businesses in Q1 2024

In a testament to the Kingdom's thriving entrepreneurial ecosystem, the Moroccan Office for Industrial and Commercial Property (OMPIC) has unveiled remarkable statistics showcasing the nation's vibrant business landscape. According to OMPIC's comprehensive dashboard report on enterprise creation,......

Russia's African Ambitions: Exploring Opportunities in the Banking Sector

In a move that could potentially reshape the financial landscape across the African continent, Russia has expressed keen interest in establishing representative offices of Russian banks in various African nations. This revelation came directly from Maria Zakharova, the spokesperson for the Russian Ministry......

Morocco Emerges as Russia's Facilitator Amid Western Sanctions

Amid tightening Western sanctions in response to Russia's military actions in Ukraine, the country has sought alternative pathways to sustain its economic activities, particularly in oil exports and technology imports. In this challenging environment, an unexpected ally has emerged in the form of......

Morocco Emerges as Leading Vegetable Exporter to German Market

In the early months of 2024, Morocco has solidified its position as a formidable force in the global fruit and vegetable trade, experiencing a significant surge in exports to the German market. According to a report from EastFruit, the North African nation's direct shipments of fresh and frozen produce......

Morocco Gears Up for Eid Al-Adha with Abundant Livestock Offerings

As Morocco eagerly anticipates the joyous occasion of Eid Al-Adha, the nation's agricultural sector has meticulously prepared an abundant supply of livestock to meet the festive demand. In a comprehensive address to the Chamber of Counselors, Mohamed Sadiki, the Minister of Agriculture, Maritime......

Airbus Sets Course for Moroccan Aerospace Ascendancy

Airbus, the aerospace behemoth, is embarking on a bold venture to bolster its manufacturing capabilities by tapping into Morocco's burgeoning aerospace sector. This strategic pivot signals Morocco's ascent as a formidable contender in the global aerospace arena. During a visit to the Airbus......

Liquid Intelligent Technologies and Medi Telecom Forge Synergistic Alliance to Elevate Network Dominance in Morocco

In a strategic move poised to redefine the digital landscape of Morocco, Liquid Intelligent Technologies, a pan-African technology powerhouse, has announced a groundbreaking partnership with Medi Telecom, a prominent subsidiary of the internationally renowned Orange Group. This synergistic alliance promises......

Morocco Fortifies Domestic Oil Transport Capabilities with New Korean-Built Tanker

Morocco's ambitions in the petroleum sector continue to soar as the nation strengthens its domestic oil transport capabilities with the addition of a new South Korean-built tanker. Set for assembly at the Casablanca shipyard, this vessel marks a significant stride in Morocco's strategic vision......

Africa IP GALA 2024 Summit: Forging Pathways to Digital Excellence

In the vibrant city of Marrakech, visionary leaders, industry giants, and technology enthusiasts converged for the highly anticipated Africa IP GALA 2024 Summit, hosted by esteemed Huawei. This prestigious event served as a catalyst for innovation, fostering an environment where ideas were exchanged,......

Soaring Higher: Etihad Airways and Royal Air Maroc Forge Strategic Alliance

Etihad Airways and Royal Air Maroc have signed a strategic partnership, solidifying their commitment to delivering unparalleled services and broadening travel horizons. This agreement, formalized through a Memorandum of Understanding (MoU), heralds a new era of cooperation between the two prominent carriers. The......