Economy
Société Générale Maroc adds new accolades to its list of achievements, as the Group is honored four times by the internationally renowned platform, "EMEA Finance Magazine," at the 2023 African Banking Awards. The bank secures the titles of "Best Foreign Bank"......
London - In a groundbreaking agreement heralding a new era in Morocco's burgeoning offshore gas industry, UK-based Energean has taken over the operatorship of two promising licenses off the North African coast. Through innovative partnership agreements with Africa-focused Chariot Energy, Energean......
The Kingdom of Morocco has recently taken delivery of more than 160 next-generation M1A2 Abrams tanks from the United States, marking a significant step in the ongoing modernization efforts of the Royal Moroccan Armed Forces. Termed the "M1A2 SEPv3," this latest variant of the battle-proven......
Starbucks Corporation finds itself navigating turbulent waters this holiday season. The global coffee giant has witnessed a nearly 9% drop in its stock price over the past three weeks, resulting in a substantial $10.8 billion loss in market valuation. The descent began on November 16th, marking the......
Mohammedia, December 6th, 2023 - SNEP, Morocco's premier PVC producer and a leading electrolysis company, celebrated a pivotal moment in its history with the official inauguration of an extension to its production units. This milestone event, coinciding with SNEP’s 50th anniversary, not only......
In the bustling city of Istanbul, the Director-General of Commerce at the Ministry of Industry and Commerce, Abdelouahed Rahal, showcased Morocco's strides in promoting the e-commerce sector. Addressing the 39th session of the Permanent Committee for Economic and Commercial Cooperation among the......
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......
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