Economy
Morocco has established a groundbreaking civil engineering standard for Africa with the perforation of the Al Massira dam, addressing the urgent issue of water stress in the Marrakech region, as reported by the African Development Bank (AfDB). This unprecedented project serves as a model for effective......
Morocco has recently etched its name in the annals of economic history with an extraordinary $14 billion agreement with the United Arab Emirates. This landmark pact promises to significantly reshape the nation’s water and energy landscape, setting a course for sustainable infrastructure development......
Morocco has emerged as a significant hub for large-scale Chinese investments in electric vehicle battery production, prompting critical discussions about its potential for genuine industrialization versus its position as a pawn in the geopolitical rivalry between China and the West. In a recent analysis......
The European Bank for Reconstruction and Development (EBRD) has made a significant move to bolster green finance in Morocco by providing a €70 million loan to Bank of Africa (BOA). This strategic partnership, announced recently, aims to promote sustainable lending practices within the Moroccan private......
British bank Standard Chartered has officially inaugurated a new representative office in Casablanca, Morocco, marking a significant expansion of its operations in the Middle East and North Africa region. This strategic move comes on the heels of receiving a license from Bank Al-Maghrib and the prestigious......
Casablanca’s Technopark will come alive this Thursday, May 15, with innovation as it welcomes a new edition of Le Phare de l’Entrepreneuriat, a key event for young project leaders, startups, students, and innovation stakeholders in Morocco. Organized by ACCEDE Provence Entrepreneurs, a student......
Mining company Chariot Limited has announced its full reclamation of two significant offshore gas licenses in Morocco, following Energean plc's decision to divest its stake in the ventures. Energean has transferred its entire interest in the Lixus Offshore and Rissana Offshore licenses back to Chariot......
Spain has recently bolstered its financial commitment to the Casablanca desalination project, elevating the funding to €340 million, an increase of €100 million from the previous announcement in 2023. This move has sparked controversy, particularly from the Popular Party (PP), which has accused......
Morocco and Russia are forging stronger connections in the halal industry via new certification agreements, signaling a significant step in their bilateral trade relations. Tatarstan’s Committee for Halal Standards, part of the Spiritual Administration of Muslims, is seeking accreditation in Morocco......
Spain has committed €340 million (approximately MAD 3.65 billion) to construct Africa’s largest desalination plant in Casablanca, a significant move aimed at addressing the region's water scarcity challenges. This financial agreement was formalized during a ceremony attended by Spain’s......
Casablanca is set to welcome innovators, decision-makers, and urban visionaries from across Morocco and Africa on May 21–22, as the city hosts the long-awaited 9th edition of Casablanca Smart City. This event stands as a testament to the city’s growing role in shaping the urban future of......
In recent years, Morocco has seen a notable increase in the number of Chinese tire manufacturers establishing their operations within the country. This surge is part of a broader strategy to attract foreign investment and diversify international partnerships, particularly in vital sectors such as the......
In a landmark development for Moroccan aviation, Airbus is set to become a supplier for Royal Air Maroc (RAM), marking a significant departure from the airline's traditional reliance on Boeing and ATR. This partnership promises to reshape the national carrier's fleet and position it as a major......
