Economy
Moroccan institutions, the Caisse de Dépôt et de Gestion (CDG) and the National Office of Railways (ONCF), have cemented a strategic alliance aimed at propelling the nation's economic development through sustainable initiatives. Directors Khalid Safir and Mohamed Rabie Khlie have formalized......
At the heart of Morocco's economic dynamism, a landmark event in Casablanca captured the attention of decision-makers. Citibank Maghreb and Mastercard, two heavyweights in the financial sector, have revealed a promising partnership aimed at propelling corporate expense management into the digital......
In a bold move to establish itself as a frontrunner in the burgeoning green hydrogen industry, the Moroccan government has launched an ambitious initiative known as "The Moroccan Offer." This comprehensive plan aims to entice investments from both national and international companies looking......
In a decisive move towards sustainable energy solutions, Innovx, a pioneering company affiliated with Morocco's prestigious Mohammed VI Polytechnic University (UM6P), has introduced an ambitious venture Hydrojeel. This newly established subsidiary is poised to propel Innovx to the forefront of the......
In the digital era where convenience is paramount, the Moroccan banking sector experienced a notable transformation in 2023. According to a report by Bank Al-Maghrib, the nation's central bank, 145 bank branches ceased their physical operations, while only 42 new branches emerged, resulting in a......
In a bold move aimed at enhancing travel opportunities and strengthening ties between Morocco and Europe, Air Arabia Maroc has introduced an exciting new air route linking the northern Moroccan city of Tetouan to the dynamic Dutch capital, Amsterdam. This strategic expansion of the airline's ever-growing......
Bitcoin, the world's leading cryptocurrency, soared to unprecedented heights on Monday, eclipsing the $72,000 milestone in a remarkable surge fueled by growing institutional support and an impending supply squeeze. This surge, which propelled Bitcoin to an all-time high of $72,717, continued its......
In response to an acute labor shortage, Spain's road transport industry is embarking on a groundbreaking initiative to recruit up to 26,000 professional truck drivers from Morocco. This shift in recruitment strategy signifies a departure from the sector's traditional reliance on seasonal Moroccan......
Morocco's government has unveiled the "Morocco Offer" project, a groundbreaking initiative aimed at driving the country's advancement in the emerging green hydrogen industry. Head of Government Aziz Akhannouch announced the project in Rabat, outlining a comprehensive strategy to position......
In a daring maneuver set to potentially reshape the banking landscape across Africa, Moulay Hafid Elalamy, former Minister of Commerce and Industry and current CEO of the Saham Group, is poised for an ambitious acquisition. Rumors abound that Elalamy is nearing the acquisition of a controlling stake,......
A recent report by Capital Economics, the London-based firm, suggests that Morocco is well-positioned to consider a move towards a fully floating dirham. The report highlights the kingdom's favorable balance of payments and declining inflation as key factors laying a solid foundation for Bank Al-Maghrib,......
Morocco is on the brink of a significant transition, with its central bank, Bank Al-Maghrib (BAM), preparing to adopt a fully floating dirham exchange rate. This pivotal move is fueled by the nation's strengthening macroeconomic stability, supported by a reduced current account deficit, robust foreign......
In response to growing concerns regarding water scarcity, the Moroccan government has revealed a comprehensive strategy aimed at addressing the nation's escalating water crisis. Speaking on Thursday, spokesperson Mustapha Baitas assured citizens of the government's unwavering commitment to implementing......
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