Economy
Morocco's Tanger Med Port is set to undergo a substantial $714 million expansion, bolstered by funding from the World Bank, as it targets growth and enhanced global competitiveness. The state-owned Tanger Med Port Authority aims to extend capacity, modernize facilities, and solidify its position......
In the wake of the UK's endeavor to broaden its trade alliances beyond the EU, Morocco and Egypt have stood out as significant beneficiaries, particularly in terms of increased British imports. A recent analysis by the Daily Express reveals a remarkable surge of over 200% in imports of fruits and......
Spanish energy leader Iberdrola is amplifying its commitment to renewable energy with a strategic move into Morocco. The company unveiled its latest initiative this week, securing a substantial €300 million loan from the International Finance Corporation (IFC) to accelerate its global transition......
Morocco boasts the third-highest minimum wage among major EU garment suppliers, presenting both opportunities and challenges for the country's vital textile industry. A recent study from the French think tank Evalliance suggests that Moroccan manufacturers may need to adapt pricing and production......
Despite confronting economic challenges in 2023, Morocco's auto industry demonstrated remarkable resilience by maintaining sales figures comparable to the previous year, as disclosed in data unveiled on Monday by the Association of Vehicle Importers (AIVAM). AIVAM President, Adil Bennani, revealed......
Moroccan lighting expert Arrakis and Emirati lighting powerhouse Huda have forged a strategic alliance through a new joint venture poised to illuminate the MENA region and beyond. The collaboration, named Arrakis Huda Lighting, merges the formidable expertise of two industry leaders to deliver cutting-edge,......
Emoticons have become an integral part of our professional world to the extent that their use can have serious legal consequences, as a Canadian flax producer learned the hard way. In 2021, the producer responded to a commercial offer with a thumbs-up emoji. The problem? His counterpart interpreted it......
A recent surge in attacks on commercial ships transiting the Red Sea has prompted shipping companies to impose substantial surcharges on Asia-Morocco cargo routes over the past three weeks. According to Rachid Tahiri, president of Morocco's Association of Freight Forwarders, rates for a standard......
Morocco's inflation rate saw a welcome decline to 6.1% in 2023, down from the previous year's 6.6%, as reported by the latest data from the country's official statistics agency. This modest deceleration signals a potential respite after two years of steadily rising prices that have strained......
In the face of a nuanced economic landscape, Morocco demonstrates promising signs of growth, particularly in household consumption, despite encountering various challenges. A recent report from the High Commission for Planning (HCP) projects a 1.2% expansion in household spending during the first quarter......
Morocco's unyielding demand for nuts and dried fruits is reaching unprecedented levels in 2023, with imports of these commodities anticipated to surpass all previous records by year-end. According to estimates from EastFruit, a prominent horticulture platform, Morocco imported a remarkable 66,000......
A recent study, detailed by the electronic newspaper "Walaw," has unveiled Prime Minister Aziz Akhannouch as the foremost concern in the Moroccan media landscape. In the month of December 2023 alone, he garnered attention with an impressive 10,051 articles. Akhannouch's Dominance: According......
The competition for Morocco's Office National des Chemins de Fer's (ONCF) extensive railway procurement contract is escalating as Korean railway manufacturer Hyundai Rotem joins the fray. Hyundai Rotem, a subsidiary of the automotive conglomerate Hyundai Motor Group specializing in rail transport......
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