Economy
Mohammed VI Polytechnic University (UM6P) and the Moroccan Capital Market Authority (AMMC) have forged a groundbreaking partnership agreement aimed at bolstering financial literacy and fostering innovation in Morocco. Signed on Tuesday, the multi-year accord establishes a framework for close collaboration......
Morocco is steadily emerging as a leader in higher education across Africa, as highlighted in a recent university rankings report. According to an analysis by investment firm Insider Monkey, Morocco secured the fifth position among African nations in terms of the number of top-ranked universities on......
Casablanca, Morocco - February 27, 2024 - INNOVX, the pioneering technology firm affiliated with Mohammed VI Polytechnic University (UM6P), has announced the launch of an ambitious new venture focused on harnessing the power of green hydrogen and green ammonia. Dubbed Hydrojeel, the innovative......
This week, Tangier, Morocco, and Vitoria-Gasteiz, Spain, sealed a new memorandum of cooperation to fortify their longstanding ties. Mayor Mounir Laymouri of Tangier and Mayor Maider Etxebarria of Vitoria joined forces on Monday to endorse the agreement, highlighting their shared dedication to expanding......
Morocco's pioneering Sustainable Oasis Initiative took the spotlight at the Ministerial Conference of Date Producing and Processing Countries in Abu Dhabi. Spearheaded by Moroccan Agriculture Minister Mohammed Sadiki, the delegation advocated for strategies aimed at safeguarding vulnerable oasis......
Global energy startup Xlinks has appointed veteran industry leader James Humfrey as Chief Executive Officer of its pioneering Morocco-UK Power Project. The $25 billion renewable energy initiative aims to supply 8% of Britain's electricity needs through an undersea cable system transporting solar......
Morocco experienced a significant decline in frozen fruit and vegetable exports in 2023 due to adverse weather conditions and increased global competition. Data from EastFruit reveals that between January and October 2023, Morocco exported less than 70,000 tons of frozen produce, marking its weakest......
A forthcoming direct shipping service is poised to inaugurate next month, heralding a substantial uplift in trade prospects between Morocco, Libya, Tunisia, and Spain. According to a report by the Tunis Afrique Presse Agency (TAP), this specialized container route will seamlessly connect the bustling......
The Moroccan dirham displayed a mixed performance against major foreign currencies last week, as per the latest data released by Bank Al-Maghrib (BAM), the country's central bank. While the dirham maintained its value against the U.S. dollar, it experienced a decline of 0.91% when measured against......
In January 2024, consumer prices in Morocco surged by 2.3%, driven primarily by a notable 4.2% increase in the food price index compared to the same period last year, as reported by the High Commission for Planning (HCP). Despite a 0.6% month-on-month decline in the overall consumer price index (CPI)......
The International Monetary Fund (IMF) has urged Morocco to expedite the implementation of its structural reform program to bolster economic growth and ensure sustained fiscal stability. During a recent mission to Rabat, IMF officials, led by Deputy Director Roberto Cardarelli, acknowledged Morocco's......
Casablanca-Settat continues to lead the charge in entrepreneurial endeavors within Morocco, boasting nearly 29,000 of the country's remarkable 93,517 newly established businesses by the close of 2023. Data released by the Moroccan Office of Industrial and Commercial Property reveals that this surge......
Morocco, facing its most severe drought in decades, is set to receive a substantial financial boost from the European Bank for Reconstruction and Development (EBRD). This article discusses the implications of the EBRD's €400 million investment in upgrading Morocco's water infrastructure......
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