Economy
Nadia Fettah Alaoui's remarkable journey from private equity to the pinnacle of Moroccan politics has secured her a coveted spot on Forbes' prestigious "50 Over 50" list for the Middle East and North Africa. As the daughter of a prominent Moroccan official, Fettah Alaoui received her......
Madrid - Spain's leftist government has secured a victory for workers by announcing a significant 5% increase in the national minimum wage, effective January 1st. This retroactive raise elevates the monthly minimum from 1080 euros to 1134 euros, benefiting approximately 2.5 million low-wage workers. The......
In a historic move, Morocco has officially become a member of the Integrated Industrial Coalition for Sustainable Economic Development, aligning itself with regional powerhouses such as the United Arab Emirates, Jordan, Egypt, and Bahrain. The coalition is strategically designed to spur regional economic......
Madrid - Spain received encouraging economic news to kick off 2023, as the country's inflation rate exhibited further signs of moderation in December. According to data released on Friday by the National Statistics Institute (INE), consumer prices rose by 3.1% year-over-year last month, a decrease......
A new report reveals a record-breaking surge in global renewable energy infrastructure installation last year, but critical climate targets remain unmet, highlighting the urgency for more substantial efforts. In 2023, an astounding 507 gigawatts (GW) of renewable electricity generation capacity came......
Dutch shipping giant, WEC Lines, is set to revolutionize the shipping industry with the introduction of a groundbreaking direct route connecting Agadir, Morocco, and the Port of Liverpool in the United Kingdom. Scheduled to kick off this month, this novel service aims to offer importers a fast and environmentally......
Representatives from the Kingdom of Morocco and Saudi Arabia convened this week to formalize an agreement aimed at boosting cooperation between the two nations in the mining sector. On Tuesday, Moroccan Minister of Energy Transition and Sustainable Development Leila Benali and Saudi Minister of......
The Moroccan government, under the leadership of Infrastructure Minister Nizar Baraka, has pledged a significant investment of 20 billion dirhams to revamp the nation's road infrastructure through comprehensive regional development programs. This substantial commitment is designed to elevate connectivity......
Azura Group, a global leader in the fruit & vegetable and aquaculture sectors, has entered into a strategic partnership with Suez, a leading provider of circular economy solutions for waste. The collaboration involves the signing of two 6-year contracts for the management of organic waste from Azura’s......
This week, a high-level delegation from Morocco is set to arrive in the Canary Islands to engage in discussions aimed at restoring regular ferry services between the Spanish archipelago and the Moroccan port city of Tarfaya. The reestablishment of this maritime route holds the promise of fortifying economic,......
Ethiopian Cargo & Logistics Services has soared into Casablanca's airspace, marking its 35th freighter destination and strengthening its Maghreb presence. The inaugural flight, operated by a Boeing 777-200F, capable of transporting over 100 tons of cargo, signifies the carrier's commitment......
Morocco's Treasury is confidently steering the nation towards sustained financial prosperity. In a strategic move this week, the Treasury and External Finance Department (TEFD) allocated an impressive 2.32 billion Moroccan dirhams ($239 million) from cash surpluses to short-term operations. This......
In the midst of a global struggle for influence across Africa, Morocco has emerged as a key player, unveiling a groundbreaking initiative in November 2023 to catalyze economic growth in the Sahel region. Under the visionary leadership of His Majesty King Mohammed VI, this ambitious plan seeks to establish......
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