Economy
Morocco’s co-hosting of the 2030 FIFA World Cup with Spain and Portugal is expected to generate more than 100,000 jobs annually while boosting the nation’s economic growth by 1.7%, announced Economy and Finance Minister Nadia Fettah during the eighth Morocco Today Forum (MTF) in Rabat. Transformative......
A government report released Tuesday has revealed that the massive power outage that paralyzed Spain and parts of Portugal in April was triggered by an "overvoltage" on the electrical grid, leading to a cascading failure. The incident, which disrupted internet, telephone services, train operations,......
Valerius Morocco has inaugurated a new textile manufacturing plant in Salé, marking a strategic expansion in Morocco’s fast-fashion ecosystem. The facility, launched in the presence of His Majesty King Mohammed VI’s Minister of Industry and Commerce Ryad Mezzour, represents a $10.27......
In a global landscape marked by economic and geopolitical uncertainty, gold has emerged as a pivotal strategic asset for many nations. Traditionally regarded as a safe haven, this precious metal plays a fundamental role in the financial stability of countries. Gold reserves enable central banks to support......
As France continues to impede energy links from the Iberian Peninsula, Portugal is exploring the possibility of establishing an electrical interconnection with Morocco. This strategic consideration follows Spain's existing connection with the North African nation and arises in response to a recent......
The head of Spain's electricity operator has recently sought to alleviate fears stemming from a report warning of substantial risks of power outages associated with the country's increased reliance on renewable energy sources. On a recent Monday, Spain and Portugal experienced one of the most......
In a recent interview with The Korea Times, Chafik Rachadi, Morocco’s ambassador to South Korea, highlighted the deepening economic relations between Rabat and Seoul, underscored by a landmark $1.5 billion agreement between Morocco’s national railway operator (ONCF) and Hyundai Rotem. Ambassador......
Morocco has emerged as Spain's largest natural gas customer, overtaking France, according to recent figures released by the Corporation of Strategic Reserves of Petroleum Products (Cores). Data highlighted by The Objective reveals that Morocco imported a staggering 9,703 gigawatt hours of natural......
