Economy
TotalEnergies is making a strategic move by investing £20 million to acquire a minority stake in Xlinks First Limited, a UK-based company founded in 2019. This places TotalEnergies alongside investors Octopus Energy and Abu Dhabi National Energy Company (TAQA). Xlinks aims to develop an extensive......
The International Atomic Energy Agency (IAEA) has identified Morocco as one of several countries with the potential to develop nuclear power capabilities in the coming years. In a presentation on Tuesday, IAEA Director General Rafael Grossi named Morocco alongside Ghana, Kenya, Nigeria, Namibia,......
Tuesday witnessed a surge in oil prices prompted by supply uncertainty, further exacerbated by reports of production disputes among OPEC+ members for the upcoming year. Brent crude, the international standard, was priced at $80.50 per barrel at 11:40 a.m. local time (0840 GMT), reflecting a 0.79% increase......
Morocco stands at the forefront of establishing new Special Economic Zones (SEZs) and attracting foreign direct investment (FDI), particularly in higher value-added technological industries. A recent report by Oxford Business Group, titled "How Special Economic Zones are shaping Africa's industrial landscape,"......
In a commitment to advancing sustainability in the construction sector, LafargeHolcim Morocco has recently forged two key partnerships with industry players to enhance the resilience of the construction industry. Saad Dalil, the Cement Commercial and Marketing Director at LafargeHolcim Morocco, emphasized......
In recent years, Morocco has witnessed a significant transformation in its financial landscape, particularly with the emergence of innovative mobile payment solutions. Initiatives such as "M-Wallet," launched in 2018 by Bank Al-Maghrib (BAM) and the National Telecommunications Regulatory Agency (ANRT),......
In a groundbreaking report, the Interbank Electronic Banking Center reveals a staggering 135.3 million transactions in Morocco's digital commerce sector, marking a revolutionary turn. The financial impact is evident, with transactions using Moroccan and international bank cards totaling MAD 58.8 billion......
The expansion of automated teller machines (ATMs) in Morocco has come to a near standstill, as only 13 additional machines were installed nationwide in the first nine months of 2023. This meager increase of 0.2% since last year's end, as reported by the Interbank Electronic Banking Center, highlights......
Rabat's scenic corniche is set to witness an infusion of internationally acclaimed franchises as the Carrousel Mall, a project developed by Imkan Maroc, announces the arrival of new and prestigious brands. These additions join over 50 existing international and local franchises, aiming to provide an......
Agadir, November 22 - Credit du Maroc and the Moroccan Agency for Investment and Export Development (AMDIE) sealed a partnership agreement on Wednesday with the aim of promoting investment opportunities in the Kingdom. In a joint effort to operationalize the investment charter, the two institutions will......
The inaugural Casablanca Climate Leadership Forum (CCLF) will take place on November 23-24, bringing together business executives, academics, and civil society to address climate change challenges in Africa. Organized by Morocco's ESCA Business School in partnership with the Business Schools for......
Amina Benkhadra, the managing director of Morocco's Office of Hydrocarbons and Mines (ONHYM), highlighted the crucial importance for African nations to prioritize the enhancement of their energy infrastructure as a catalyst for socioeconomic advancement. Addressing a conference on oil, gas, and power......
In a significant move to meet the rising demand in the electric vehicle battery market, the Moroccan mining group Managem is embarking on a pioneering initiative by considering the construction of a factory in collaboration with the China Electronics Corporation (CEC). This strategic collaboration, forged......
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