Economy
At the pivotal COP28 climate summit in Dubai, three major Moroccan institutions have formed a significant partnership to tackle the urgent threat of climate change. The Mohammed VI Polytechnic University (UM6P), the OCP Group, a renowned fertilizer powerhouse, and the Center of Competence in Climate......
DUBAI - Morocco's prowess in preemptively addressing meteorological and climate risks took the spotlight during the COP28 climate conference on Saturday. Addressing a side-event in Dubai, Nizar Baraka, Morocco's Minister of Equipment and Water, underscored the pivotal role of national weather......
Once beloved brands like Coors, Jell-O, and Barbie are investing millions to refresh their images and win over new generations as consumer preferences rapidly evolve. While rebrands can modernize a stale product, they also risk eroding hard-won trust if not backed by meaningful change. Beer maker Coors......
Every holiday season one toy rises to the top of every child’s wish list, becoming the coveted “it” gift that parents desperately search to find. This phenomenon is nothing new – in 1996 the Tickle Me Elmo doll created a frenzy, with people paying outrageous prices to get their......
The entrepreneurial landscape in Morocco presents an intriguing diversity, with 9% of the population already engaged in entrepreneurship and 16% considered potential entrepreneurs. These figures, although in line with other North African countries, are lower than those observed in East Asia and Latin......
Société Générale Maroc adds new accolades to its list of achievements, as the Group is honored four times by the internationally renowned platform, "EMEA Finance Magazine," at the 2023 African Banking Awards. The bank secures the titles of "Best Foreign Bank"......
London - In a groundbreaking agreement heralding a new era in Morocco's burgeoning offshore gas industry, UK-based Energean has taken over the operatorship of two promising licenses off the North African coast. Through innovative partnership agreements with Africa-focused Chariot Energy, Energean......
The Kingdom of Morocco has recently taken delivery of more than 160 next-generation M1A2 Abrams tanks from the United States, marking a significant step in the ongoing modernization efforts of the Royal Moroccan Armed Forces. Termed the "M1A2 SEPv3," this latest variant of the battle-proven......
Starbucks Corporation finds itself navigating turbulent waters this holiday season. The global coffee giant has witnessed a nearly 9% drop in its stock price over the past three weeks, resulting in a substantial $10.8 billion loss in market valuation. The descent began on November 16th, marking the......
Mohammedia, December 6th, 2023 - SNEP, Morocco's premier PVC producer and a leading electrolysis company, celebrated a pivotal moment in its history with the official inauguration of an extension to its production units. This milestone event, coinciding with SNEP’s 50th anniversary, not only......
In the bustling city of Istanbul, the Director-General of Commerce at the Ministry of Industry and Commerce, Abdelouahed Rahal, showcased Morocco's strides in promoting the e-commerce sector. Addressing the 39th session of the Permanent Committee for Economic and Commercial Cooperation among the......
Morocco Achieves a Water Milestone with EBRD's Support The Guelmim-Oued Noun region in Morocco is poised for a significant transformation as the European Bank for Reconstruction and Development (EBRD) injects MAD 130 million (€12 million) into crucial upgrades for its drinking water supply......
The Moroccan government is making a bold play in the realm of short-term investments to invigorate economic growth. In a recent move, the nation's Treasury and External Finance Department injected a substantial sum of 1.9 billion Moroccan dirhams (equivalent to almost $195 million) into overnight......
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