Economy
The Asia Pacific Group on Money Laundering (APG) is set to convene its annual meeting in Abu Dhabi, UAE, marking the first time the UAE will host this significant gathering. Scheduled from September 22 to 27, 2024, the event is anticipated to draw more than 400 officials and experts specializing in anti-money......
In a significant move towards sustainability, Morocco is charting a green course with its central bank spearheading the effort. Abdellatif Jouahri, the governor of Bank Al-Maghrib, Morocco's central bank, announced on Friday the ambitious goal of increasing the allocation of foreign currency reserves......
Morocco is solidifying its position as a leader in renewable energy with the imminent commencement of operations at its new wind turbine blade production facility. In a significant milestone, Chinese manufacturer Aeolon recently inaugurated the facility in the city of Nador, marking a monumental investment......
The enduring conflict between Morocco's largest transportation unions and the Ministry of Transport and Logistics persists, with the unions adamantly opposing proposed reforms to the regulations governing commercial road freight. Central to the disagreement are new stipulations outlined in a pending......
The Tangier Med port complex surged ahead in 2023, achieving a milestone by handling 8.6 million containers, equivalent to 95% of its designated capacity, as reported by Hassan Abkari, Managing Director of the Tangier Med Port Authority (TMPA), on Thursday. Abkari highlighted the remarkable feat, stating,......
The International Finance Corporation (IFC) is making a significant investment in Morocco's economic future, injecting $100 million into Crédit du Maroc to drive small business expansion and facilitate the country's shift towards renewable energy. This financial infusion, equivalent to......
The Moroccan government has received over 41,000 requests for financial assistance to buy homes since launching its housing support program on January 1st, spokesperson Mustapha Baitas announced today. Speaking at a press conference after the weekly Government Council meeting, Baitas revealed......
In the latest monthly business trend survey by Bank Al-Maghrib (BAM), Morocco's manufacturing sector showcased significant improvements in December 2023. The survey reveals a notable surge in production across most industries, with only the "mechanical and metallurgy" sector experiencing......
Morocco's leading telecommunications company, Maroc Telecom, is set to appeal a significant $636 million antitrust ruling issued on Monday. The ruling mandates compensation to its competitor, Inwi, owned by Wana Corporate, according to multiple sources. The Rabat Commercial Court has directed Maroc......
In a significant move to enhance Casablanca's urban mobility, the bustling economic hub of Morocco is set to receive a cutting-edge fleet of trams, courtesy of the renowned French rail giant Alstom. The €150 million contract, secured through its Spanish subsidiary, underscores Alstom's commitment......
Tanger, Morocco is set to host the 11th edition of the Serious Game RSE Workshop on February 8th, illuminating the realm of corporate social responsibility (CSR) through interactive games. Organized by the 2024 graduating class of the eco-energy and industrial environmental engineering program at the......
Moroccan business tycoon Rita Maria Zniber has been honored with the highly esteemed European Women's International Leadership Award (EWILA) for her outstanding contributions in shattering gender barriers. The award ceremony took place in Brussels on Monday, recognizing Rita Maria Zniber alongside......
In a significant stride toward a more sustainable future, the Kingdom of Morocco unveiled a groundbreaking initiative this week—the Green Growth & Jobs Accelerator Project (GGJAP). This ambitious project, spearheaded by the United Nations Development Programme (UNDP) and supported by the Danish......
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