Economy
As summer approaches, Royal Air Maroc (RAM), Morocco's national airline, is gearing up for an anticipated surge in passenger demand by significantly enhancing its network and seat capacity. The airline's strategic expansion aims to provide travelers with more options and improved connectivity......
In the ever-shifting landscape of global living expenses, Casablanca and Rabat, two of Morocco's vibrant metropolitan centers, have emerged as affordable havens for expatriates in the Middle East and North Africa (MENA) region. The latest cost-of-living survey by Mercer, a renowned authority in the......
Spain's CaixaBank and Cofides have committed to financing Acciona's ambitious endeavor to construct a new desalination plant in Morocco. Each organization will extend a loan of €31 million, supporting a project valued at a total of €650 million. This significant investment will be managed......
Amidst a prolonged drought and a significant rain deficit over the past five seasons, the Moroccan National Office of Electricity and Drinking Water (ONEE) has issued a fervent call for the judicious use of drinking water during the upcoming Eid Al Adha festivities. The observance of Eid Al Adha, set......
In a curious twist of fate, Morocco's real estate market encountered a puzzling dynamic in the first quarter of 2024. While property prices showed a modest upward trend, the volume of transactions sharply declined, casting a perplexing shadow over the sector's dynamics. Data released by Bank......
Dubai's investments in Morocco have surged to an impressive $2.1 billion over the past decade, signaling a robust deepening of bilateral trade relations. As of the first quarter of 2024, the Dubai Chamber has registered approximately 850 Moroccan companies, with 99 new members joining in just the......
Casablanca was featured among the top 200 emerging ecosystems globally and ranked eighth in the MENA region. The Global Startup Ecosystem Report (GSER) 2024, unveiled by Startup Genome on June 10 during London Tech Week, has spotlighted Ben Guerir as a burgeoning force in the worldwide startup arena.......
In a significant milestone for economic cooperation, the United Arab Emirates (UAE) has firmly established itself as the largest Arab investor in Morocco and the second largest on a global scale. This development, highlighted by Hassan Berkani, President of the Casablanca-Settat Chamber of Commerce,......
The Moroccan preschool education sector is witnessing a new dynamic as Holding générale d'éducation SA (Holged) acquires Crèche jardin d'enfants Kenzi SARL. This transaction marks a significant milestone in Holged's expansion, further strengthening its investments......
Africa's Largest Desalination Project Set to Address Morocco's Water Crisis In a significant leap towards addressing Morocco's burgeoning water crisis, Crown Prince Moulay El Hassan has officially commenced the construction of a monumental seawater desalination plant in Casablanca. The groundbreaking......
In a significant development marking a strategic collaboration between China and Morocco, Chinese companies are channeling substantial investments into transforming the North African nation into a key hub for electric car battery production and export. With investments amounting to at least €2.45......
Casablanca, Morocco – In a bid to redefine the passenger experience and bolster security measures, the National Airports Office (ONDA) has inaugurated a cutting-edge transit zone at Casablanca’s Mohammed V International Airport. This significant development is set to cater to the increasing......
In a strategic move consolidating its position in the Moroccan financial landscape, Holmarcom, the renowned conglomerate, has finalized its acquisition of Credit Agricole's entire stake in Credit du Maroc, a major banking institution in the country. This transaction grants Holmarcom an impressive......
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