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Economy


Optimum Marketing Group Continues its Winning Streak with an Innovative Digital Campaign

Optimum Marketing Group has achieved yet another milestone in its illustrious journey, securing its fifth consecutive award for groundbreaking creativity. Following a double triumph at the African Cristal Festival in December 2023, Optimum maintains its winning streak with another accolade at 'Les......

Morocco’s Energy Minister dvocates for Nuclear Power: A Path to Sustainable Development

In her recent address at an atomic energy conference in Munich, Germany, Minister of Energy Leila Benali of Morocco articulated a compelling vision for her country's future. She emphasized the crucial role of nuclear power in Morocco's quest for long-term energy security and sustainable development. Morocco......

OCP Secures $188 Million for Climate-Smart Initiatives

Morocco's OCP Group has recently finalized three loan agreements totaling $188 million with the African Development Bank and the Clean Technology Fund, marking a significant milestone in its commitment to advancing sustainability through green projects. These loans are earmarked to bolster OCP's......

Green Futures: Will Morocco Fulfill its Promise as Europe's Hydrogen Superpower?

Morocco stands at the cusp of a renewable energy revolution, poised to emerge as a titan in the field and a significant exporter of green hydrogen to Europe. However, amidst the promise lies a landscape fraught with uncertainties surrounding demand, infrastructure development, and policy support, which......

Morocco Leverages Peaceful Nuclear Technologies for Sustainable Development

The recent annual meeting of the International Atomic Energy Agency's African Regional Cooperative Agreement witnessed the Minister of Energy Transition and Sustainable Development, Leila Benali, highlighting Morocco's commitment to utilizing peaceful nuclear applications for driving economic......

CNDH President Bouayach Sounds Alarm: Informal Labor's Stranglehold on Morocco's Economy

In Morocco, the prevalence of shadow labor persists as a significant obstacle to development and societal harmony, warns the president of the country's foremost human rights organization. Amina Bouayach, the head of the National Council for Human Rights (CNDH), raised concerns on Monday during the......

Strengthening Infrastructure Collaboration: UK Experts Visit Morocco to Forge Partnerships for Mega-Projects

Major infrastructure projects demand meticulous planning and seamless coordination among stakeholders. Signaling a deepening bilateral collaboration in ambitious development endeavors, a delegation from the UK's Infrastructure and Projects Authority (IPA) has embarked on a visit to Morocco this week. Under......

Ramadan Readiness: Collaborative Efforts Pave the Way for Seamless Supply and Quality

In anticipation of the upcoming holy month of Ramadan, Khouribga province has taken decisive steps to guarantee a consistent supply of essential food items at affordable prices. A coordination meeting, presided over by Abdelhamid Chennouri, the provincial governor, was convened on Thursday to assess......

Maroc Telecom Achieves Record-Breaking Financial Success in 2023

In a spectacular demonstration of financial strength, Maroc Telecom, the leading force in the Moroccan telecommunications market, has revealed extraordinary results for the fiscal year concluding on December 31, 2023. The company has reported a consolidated adjusted net profit (RNPG) surpassing an astonishing......

Virtual Innovation Transforms Agro-Industry Commerce

The disruptive impact of COVID-19 has heralded a new era characterized by virtual connectivity and digital prowess. Heuda Farah Guessous and Jalal Benbrahim, the innovative minds behind FoodEshow, recognized the potential of harnessing these virtual capabilities to revolutionize traditional models of......

Morocco's Entrepreneurial Ascent: Leveraging Data-Driven Policies for a Thriving Startup Ecosystem

Morocco's strides in fostering entrepreneurship are underscored by recent findings from the esteemed Global Entrepreneurship Monitor (GEM). According to the latest data, the North African nation has ascended five places to rank 30th globally in GEM's evaluation of national entrepreneurial conditions. GEM's......

Starbucks Explores New Ownership for MENA Franchises

In an exclusive report by Reuters, coffee giant Starbucks is currently in discussions to transfer a portion of its franchise rights in the Middle East, North Africa, and Central Asia to US investment firm Apollo Global Management. Presently, the Kuwaiti conglomerate Alshaya oversees nearly 2,000 Starbucks......

Bitcoin Surges Beyond $45,000 in Crypto Resurgence

Bitcoin has surged past the $45,000 mark for the first time since January 12th, buoyed by renewed confidence in the cryptocurrency market. This recent rally comes amidst a growing lack of trust in regional American banks following last year's banking crisis. Investors disillusioned with traditional......