Swedish packaging company Boxon has announced its expansion into Morocco with the launch of a new office and warehouse. The move is aimed at enhancing the company’s local presence and supporting the rapid growth of the region’s automotive sector. In a statement released on September 2, Boxon......
Fish landings from coastal and artisanal fishing at M’diq port reached 1,578 tonnes by the end of July 2025, marking a 31% increase compared to the same period last year, according to the latest data from the National Fisheries Office (ONP). The market value of these catches also rose by 17%,......
Japan and the United States are nearing the conclusion of a trade deal to reduce tariffs on Japanese automobile imports. The agreement, which aims to lower duties from the current 27.5% to 15%, is expected to take effect by the end of September, pending the issuance of an executive order by the US president. Final......
Ryanair, the budget airline, has dealt a significant blow to Spanish residents and tourists by announcing the cancellation of 36 flight routes connecting Spain with domestic and international destinations by this winter. This decision follows a reduction of 13 routes earlier in 2025, which had already......
Rabat, Morocco – Morocco has climbed to fifth place in Africa for the number of active data centers, according to a report by Heirs Technologies. With eight operational data centers, the country shows a growing digital capacity driven by targeted investments and expanding connectivity. The 48-page......
A significant gold deposit has been uncovered near Guelmim in southern Morocco, marking a historic milestone for the country’s mining sector. OLAH Palace Trading, a mining exploration firm, announced highly promising results from recent fieldwork, uncovering an extensive network of 34 hydrothermal......
Moroccan diaspora remittances reached a historic high of MAD 119 billion ($12.8 billion) in 2024, reflecting a 3.3% increase from the previous year, according to Morocco’s Foreign Exchange Office. These financial inflows continue to play a critical role in Morocco’s economic strategy, contributing......
The cryptocurrency market has entered a renewed phase of optimism, with Bitcoin climbing to $110,500, a 2.8% increase from $107,400. This uptick highlights improving investor sentiment amid lingering macroeconomic uncertainties. Alongside Bitcoin’s resurgence, emerging projects like Bitcoin Hyper......
The United Arab Emirates has emerged as Morocco’s largest foreign investor in 2024, injecting MAD 3.1 billion ($310 million) into the economy, according to a report by Morocco’s Office des Changes. This represents 18.9% of Morocco's total net foreign direct investment (FDI), reflecting......
Shell has officially canceled plans to build one of Europe’s largest biofuel facilities in Rotterdam, marking a significant retreat from renewable fuels. The decision reflects challenging market conditions and a broader strategic pivot toward fossil fuel investments. The British energy giant announced......
Long-term government borrowing costs have climbed to their highest levels in decades across major economies, driven by rising fiscal concerns and inflation fears that are reshaping bond markets. Japanese 30-year bond yields reached a record 3.28% on Wednesday, while UK gilt yields soared to levels unseen......
The European Commission has formally submitted the EU-Mercosur trade agreement for ratification, signaling a critical step in the world's largest proposed free trade pact. This development comes amidst signs of softening opposition from France, traditionally one of the deal’s most vocal critics.......
Egypt is preparing to host the first-ever Ai Everything Middle East & Africa (MEA) event from February 10 to 12, 2026. The event will bring together global leaders in artificial intelligence (AI), tech companies, startups, and investors to foster collaboration and showcase cutting-edge AI technologies. Egypt’s......
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