Economy
The Moroccan Society of Tourism Engineering (SMIT) has announced the launch of tenders for the selection of providers who will be responsible for accompanying the implementation of the incubation program for the development of tourism entertainment projects. These projects cover areas such as leisure......
The Swedish maritime company, Stena Line, has reached an agreement to acquire 49% of the shares of the ferry company Africa Morocco Link (AML). The agreement is subject to approval from Moroccan authorities. This summer, AML will launch a new high-speed connection between Tangier and Tarifa. In detail,......
The Moroccan Agency for Logistics Development (AMDL) aims to kickstart the implementation of the national logistic zones program. In this regard, it signed a Memorandum of Understanding with MED Z, a subsidiary of CDG Development, on Tuesday in Rabat, during a ceremony chaired by the Minister of Transport......
On Monday, April 8, the OCP Group announced a partnership with Fortescue, a leader in iron ore, for a Joint-Venture (JV). This equal partnership aims to provide green hydrogen, green ammonia, and green fertilizers to Morocco, Europe, and international markets, according to the global giant of phosphate......
According to the High Commission for Planning (HCP), inflation would have continued its downward trend to reach its lowest level in eleven quarters, standing at +1.1% in the first quarter of 2024, which is 2.7 points lower than the previous quarter. This easing of prices would have resulted from a marked......
The Spanish government announced on Monday the abolition of "golden visas" granted to foreign nationals investing in real estate, aiming to curb speculation affecting many cities in the country. Prime Minister Pedro Sánchez stated that the government will "abolish the granting......
U.S. Treasury bond yields rose on Friday after March employment data exceeded expectations. The yield on 10-year Treasury bonds increased by 7 basis points to 4.378%, while that of 2-year bonds rose to 4.715%. The U.S. economy added 303,000 nonfarm jobs last March, well above expectations, according......
The Minister Delegate in charge of Investment, Convergence, and Policy Evaluation, Mohcine Jazouli, has held a meeting with Robert Dolger, Ambassador of the Federal Republic of Germany in Morocco, as part of preparations for a promotional campaign to be organized by the ministry and the National Agency......
The national economy of Morocco is reported to have grown by 2.9% in the first quarter of 2024, driven by a 4% increase in non-agricultural value added, according to the Haut-Commissariat au Plan (HCP). Despite a downturn in agricultural value added, economic activity continued to improve, mainly propelled......
The Spanish MPG group, a leader in maritime transport, logistics, and project cargo handling, has announced the opening of two branches in Casablanca and Tangier. "The decision to establish in Morocco was not taken randomly. The choice of Casablanca and Tangier responds to their strategic geographical......
The Compagnie de Transports au Maroc (CTM) has announced the acquisition of the majority stake of Bank Of Africa in the maritime transportation company Africa Morocco Link (AML). The effective completion of the operation is subject to obtaining approvals from the competent authorities. The transaction......
French Minister Delegate for Foreign Trade, Attractiveness, Francophonie, and French Nationals Abroad, Franck Riester, is currently on a visit to Morocco. On Thursday, the French government official visited the French Chamber of Commerce and Industry in Morocco (CFCIM). Addressing a gathering of business......
The United States has announced its intention to provide $500,000 in support to projects in Laâyoune and Dakhla, which could, once implemented, bring a new dimension to the investment promotion dynamic. The announcement was made through the U.S. Embassy in Morocco. According to the description......
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