Economy
In a move poised to further liberalize Morocco's economy, Finance and Economy Minister Nadia Fettah Alaoui has signaled the nation's readiness to advance to the next stage of its flexible exchange rate regime. In an interview with SkyNewsArabia on Monday, Alaoui spoke optimistically about the......
Morocco's core inflation rate, a critical economic measure that excludes volatile components like energy prices, fell below 2% in March 2024, according to a recent report from the High Commission for Planning (HCP). This decline marks a welcome shift from the high inflation that had gripped the nation......
A groundbreaking underwater train tunnel linking Spain and Morocco could be operational by the time the 2030 FIFA World Cup kicks off. According to researchers from the Spanish Society for Fixed Communications Studies (Secegsa), this ambitious project has been deemed viable, with construction expected......
In a remarkable stride towards fostering digital transformation and nurturing entrepreneurial talent, the Moroccan Retail Tech Builder (MRTB) has reached an impressive milestone: incubating and supporting 100 startups in the dynamic realm of commerce. This pioneering venture builder, established in 2021,......
In a bold step toward sustainability, Morocco's phosphate giant OCP Group has launched an investor roadshow for a new international bond valued at up to $2 billion. This move follows the company's announcement in 2022 of a comprehensive $13 billion green transition plan, underscoring its commitment......
Managem, a leading Moroccan mining company, has announced the successful closure of its recent capital increase through a combination of cash contributions and debt conversions. The operation involved the allocation of 1,873,368 new shares, resulting in a total capital raise of nearly 3 billion Moroccan......
Morocco has secured a remarkable 6th position among 63 countries evaluated in the 2024 Climate Change Performance Index, underscoring its steadfast commitment to combatting climate change. The annual assessment, conducted by CEOWorld, rigorously examines nations across key categories including greenhouse......
In anticipation of the forthcoming Eid Al Adha festivities, the Moroccan government has announced a significant increase in livestock imports to meet the heightened demand during this sacred Islamic event. Eid Al Adha, also known as the "Feast of Sacrifice," holds immense cultural and religious......
Morocco's aviation sector is propelling the nation to new heights, solidifying its position as a key player in Africa's aerospace resurgence. In a strategic maneuver, the national carrier Royal Air Maroc (RAM) and French aeronautic giant Safran have signed a memorandum of understanding, strengthening......
In a strategic move aimed at streamlining operations and intensifying its focus on Moroccan assets, SDX Energy, a London-listed energy company, has signed a binding agreement to divest its West Gharib interests in Egypt for $6.6 million. This transaction marks a pivotal moment in the company's pursuit......
During a ministerial roundtable organized by the World Bank Group in Washington, D.C., Minister of Economy and Finance Nadia Fettah highlighted Morocco's robust reform agenda under the leadership of His Majesty King Mohammed VI. Nadia Fettah emphasized, "Our country is committed to a solid......
In an inaugural ceremony presided over by Ms. Ghita Mezzour, Minister of Digital Transition and Administrative Reform, SOGETREL, the independent French company specializing in digital infrastructure services, has unveiled its new Moroccan subsidiary, Genius Services. Speaking alongside H.E. Mr. Christophe......
In a groundbreaking development, Groupe Atlantique, a renowned multidisciplinary institution recognized for its educational excellence, has forged a strategic partnership with CDG Invest, Morocco's state-owned investment fund. This alliance, announced on April 15, aims to elevate the standards of......
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