Economy
In a wide-ranging interview, the Chief Executive Officer of UK Export Finance (UKEF), Tim Reid, emphasized Morocco's significance as a strategic entry point to African markets. During his recent visit to the kingdom, Reid engaged with government officials and private sector representatives to explore......
Officials have inaugurated the "Casablanca Tech Valley," a strategic technology hub set to emerge in Sidi Othmane. This initiative marks a significant step in transforming the region into a prominent center for technology and innovation. A partnership agreement was formalized between the city......
Morocco’s Direct Housing Support Program has successfully reached 48,000 beneficiaries since its inception on January 2, 2024. The program has secured funding totaling MAD 3.8 billion (approximately $380 million), according to Fatima Zahra El Mansouri, Minister of National Territory Planning, Urban......
British banking giant Standard Chartered has officially inaugurated its new branch in Casablanca's Casa Anfa business district, marking a significant milestone in its African strategy. The legal registration with the Casablanca Commercial Court, dated April 25, 2025, underscores the bank's commitment......
The Minister of Foreign Affairs, African Cooperation and Moroccans Abroad, Mr. Nasser Bourita, met on Monday, April 28, 2025, in Rabat, with Mr. Ville Tavio, the Minister of Foreign Trade and Development of Finland. Mr. Tavio is visiting Morocco from April 28 to 30, accompanied by a delegation of businesses......
Morocco’s trade minister delivered a compelling address at the China-Arab States Cooperation Forum, which is hosting over 1,000 participants, including local economic operators and Moroccan entrepreneurs based in China. This year, Morocco is honored as the guest of honor at the forum, a distinction......
The Casablanca–Tangier High-Speed Line has become a powerful symbol of Morocco’s modernization and progress. Launched in 2018, this pioneering project the first high-speed train service in Africa has revolutionized travel between the country’s major cities and enhanced Morocco’s......
Morocco’s National Railway Office (ONCF) has underscored the significance of the nation's skilled workforce engaged in the recently inaugurated Kenitra-Marrakech high-speed line project. Khalid Khairane, director of high-speed line projects at ONCF, announced on Thursday that the new line......
The launch of the Kenitra–Marrakech High-Speed Rail (HSR) line by His Majesty King Mohammed VI marks a transformative step for Morocco’s national transportation network. Designed with substantial socio-economic benefits in mind, this ambitious infrastructure project builds on the success......
Holmarcom Group and the International Finance Corporation (IFC) have successfully established a strategic partnership, marking IFC's acquisition of an 18.62% minority stake in Holmarcom Finance Company (HFC) for MAD 1.35 billion ($135 million). This collaboration comes on the heels of Holmarcom’s......
Morocco is ramping up its road infrastructure projects to align with international standards as it prepares for the FIFA 2030 World Cup. The country currently boasts an extensive highway network spanning over 2,177 kilometers, as reported by Minister of Equipment and Water Nizar Baraka. During a recent......
Morocco has launched a comprehensive airport modernization program worth 28 billion dirhams as part of its "Airports 2030" vision, announced Minister of Transport and Logistics Abdessamad Kayouh during a parliamentary session in Rabat. The initiative centers on building a new international......
The Moroccan dirham has appreciated by 2.3% against the US dollar while experiencing a slight decline of 0.6% against the euro, as reported by Bank Al-Maghrib (BAM). This currency fluctuation indicates a brief period of strength for Morocco's national currency amidst ongoing financial adjustments. In......
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