Korea hosts its inaugural job fair in Morocco

Casablanca prepares to host Korea's first-ever job fair in Morocco. The event, set for May 25, promises to bridge local talent with Korean enterprises, enhancing bilateral relations. The Korean Embassy in Morocco has announced that the job fair will take place at the Hyatt Regency Hotel from 2:00......

Major changes in Morocco's phosphate pricing methodology

Platts, a member of S&P Global Commodity Insights, has announced significant modifications to its free on board (FOB) Morocco phosphate rock pricing assessment methodology, set to take effect on July 3. This initiative aims to better align with the existing structure of Morocco's phosphate market,......

Morocco emerges as a key player in automotive manufacturing

French newspaper “Le Dauphiné libéré” has hailed Morocco as “the new Eldorado” for automotive manufacturers, highlighting the country's burgeoning automotive sector as a vital pillar of its economy and the leading export industry. Morocco has successfully......

Morocco sets a new standard in water management for Africa

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 and UAE sign $14 billion investment for water and energy transformation

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's pivotal role in the electric vehicle battery trade

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......

EBRD enhances green finance in Morocco with €70 million loan to Bank of Africa

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......

Standard Chartered opens representative office in Morocco to enhance regional presence

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 entrepreneurship event highlights youth innovation and leadership

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......

Chariot regains control of Moroccan offshore gas licenses after Energean exit

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’s PSOE criticizes PP over Casablanca desalination project funding

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 strengthen halal trade ties through new agreements

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 invests €340 million in Casablanca desalination project

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......

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