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Economy


Veolia Faces $10 Million Fine from Competition Council for Breach of Competition Laws

Veolia Environnement, a prominent French utility company renowned for its expertise in water and waste management, is currently grappling with a significant fine of $10 million (100 million dirhams) imposed by the Competition Council. This body, an integral part of the Moroccan Competition Authority,......

Morocco and Italy Forge Renewable Energy Collaboration

Italy's keen interest in collaborative renewable energy initiatives with Morocco was highlighted by Aziz Akhannouch, the Head of the Moroccan Government, during a press conference in Rome following the "Italy-Africa: A Bridge for Common Growth" summit. The Italian government expressed eagerness......

Morocco Takes the Lead in Renewable Energy and Regional Collaboration

Prime Minister Aziz Akhannouch proudly asserts Morocco's pioneering role in renewable energy and strategic partnerships. Addressing the Italy-Africa Summit on Monday, Akhannouch underscored Morocco's prowess in solar and wind power. The North African nation embarked on its renewable energy strategy......

Visa Empowers Moroccan Fintech Ecosystem with Inaugural Fintech Day

Visa, a global leader in digital payments, recently organized the inaugural Fintech Day in Morocco, in collaboration with the Digital Development Agency, Technopark, and the Interbank Monetary Centre. The event brought together key players from Morocco's thriving fintech ecosystem to deliberate......

Laâyoune Power Plant: A Pioneering Leap Towards Sustainable Hydrogen-Powered Energy in Africa

The Laâyoune power plant in Morocco is poised to make history as Africa's inaugural facility entirely powered by green hydrogen, marking a transformative moment in electricity production across the continent. The 99 MW plant, currently reliant on heavy fuel oil, is slated for a groundbreaking......

Gastronomic Synergy: Atlas Hospitality Group and Marjane Group Forge Culinary Innovation in Morocco

In a groundbreaking move, Atlas Hospitality Group and Marjane Group have joined forces to launch a new culinary frontier in Morocco. The birth of "Flavors Food Company" signifies a strategic partnership, combining Atlas's hospitality prowess with Marjane's retail expertise, aiming to......

Spain Targets Morocco as Key Focus for Business Expansion and Investment

Morocco has emerged as a top destination for Spanish companies seeking international expansion, as highlighted by Spain's Secretary of State for Industry, Rebeca Mariola Torró Soler. Addressing a prestigious business forum in Barcelona on Monday, Soler emphasized Morocco's favorable investment......

Morocco Emerges as a Regional Economic Powerhouse

Minister Delegate Mohcine Jazouli recently highlighted Morocco's ascent as a leading regional economic force, showcasing a modern and highly diversified economy. Speaking at a business forum in Barcelona on Monday, Jazouli accentuated Morocco's world-class infrastructure, exemplified by the Tangier......

Moroccan Investment Roadshow Captivates Basque Region, Bolstering Bilateral Ties

A prominent Moroccan delegation, led by Minister Mohcine Jazouli, embarked on a captivating investment roadshow to Spain’s Basque region, with the aim of fortifying economic bonds between the two nations. The journey, jointly organized by the Morocco-Spain Economic Council (CEMAES), Catalonia’s......

Deciphering Morocco's Dynamic Real Estate Landscape: Trends and Future Projections

Morocco's real estate sector presents a diverse tapestry, each corner narrating its unique story. Understanding its dynamics necessitates meticulous neighborhood-level analysis. Delving into over two million data points, the examination of both supply and demand aspects across major cities like......

Tanger Med: Morocco's Port Emerges Strong Amid Crisis in the Red Sea

As the security crisis in the Red Sea continues to disrupt global maritime transport, Morocco finds itself in an advantageous position, courtesy of its port, Tanger Med. With the escalation of attacks by Yemen's Houthi rebels in the region, prompting numerous vessels to reroute via the Cape of Good......

DFDS Expands Ferry Routes Linking Spain and Morocco

DFDS, a prominent player in international shipping, is embarking on a bold new venture with the introduction of three additional ferry routes spanning the Strait of Gibraltar. These routes, established following DFDS' acquisition of FRS Iberia/Morocco, are poised to enhance travel options for passengers......

Advancing Regional Growth: Morocco and Nigeria Collaborate on Strategic Gas Pipeline

Morocco and Nigeria are advancing an ambitious project aimed at unlocking economic potential across Western Africa a monumental gas pipeline stretching over 5,700 kilometers along the coastline. In a recent meeting in Rabat, Moroccan Minister of Energy Transition, Leila Benali, and her Nigerian counterpart,......