In a recent update, Xlinks First, the investment company overseeing the ambitious Morocco-UK Power Project, revealed a substantial upward revision in the estimated construction cost for the colossal endeavor. Originally projected at £20 billion ($24 billion), the current estimates now range between......

Bitcoin reached new highs in March 2024, surpassing $72,000. While this performance is excellent news for cryptocurrency investors, it also raises questions about the tax obligations associated with these digital assets. With the recent evolution of legislation governing the management of crypto-assets,......

Morocco is poised for robust economic growth, with projections by the International Monetary Fund (IMF) forecasting a 3.1% expansion in 2024. This positive outlook persists despite the country grappling with inflationary challenges. The IMF's latest forecast, unveiled during the spring meetings......

In a momentous development, plans have surfaced for a high-speed rail connection between Spain and Morocco, poised to revolutionize transportation in the region. Recent studies conducted by the Spanish Society for Fixed Communication Studies across the Strait of Gibraltar (Secegsa) have affirmed the......

Morocco has taken a significant step towards bolstering its startup ecosystem with the introduction of the innovative 'Startup Funds' initiative by the Mohammed VI Investment Fund (FM6I). This pioneering move aims to fuel innovation and provide crucial support for emerging enterprises, marking......

Moroccan and French authorities have forged a groundbreaking collaboration to lead an ambitious program aimed at rebuilding and rejuvenating the earthquake-affected Toubkal region through sustainable development and environmental conservation. The partnership between Morocco's National Water and......

Morocco's General Directorate of Civil Aviation (DGAC) has earmarked a substantial investment of MAD 9.7 million ($950,000) for a comprehensive study aimed at upgrading 20 national airports across the country. Launched through an international tender, this initiative seeks to develop a cohesive blueprint......

Morocco's National Railway Operator Initiates Bidding Process for Landmark 375-Kilometer High-Speed Rail Project. In a strategic move to fortify its nationwide transportation infrastructure, the Moroccan government has announced the commencement of a tender for the construction of a high-speed railway......

In a testament to Morocco's strong economic performance, the Kingdom's General Treasury (TGR) has reported that net customs revenues soared to a remarkable MAD 20 billion ($2 billion) in the first quarter of 2024, marking a 1.8% increase compared to the same period the previous year. According......

Egypt's agricultural sector achieves a remarkable feat as it secures access to the Moroccan market for its prized potato exports. This milestone, announced by Minister of Agriculture and Land Reclamation Elsayed Al-Qasir, signals a significant stride towards economic prosperity for Egypt's farming......

The banking group Société Générale announced on Friday that it has signed a contract to sell its stake in Société Générale Maroc to the Moroccan holding company Saham for a total of 745 million euros. According to Société Générale's......

In a significant development for the transitioning energy sector in Africa, Chariot Limited (AIM: CHAR) has officially concluded its partnership with Energean plc (LON: ENOG) following the attainment of all governmental and regulatory approvals from the Kingdom of Morocco. This finalization, initially......

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......