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Economy


Morocco Gains Ground in the Global Aerospace Industry

Morocco has firmly established itself as a competitive player in the global aerospace sector, according to the Minister of Industry and Trade, Ryad Mezzour, during the opening of the Paris Air Show at Le Bourget. Speaking to MAP, Minister Mezzour highlighted growing international interest in Morocco’s......

Royal Air Maroc nears major Boeing deal with Airbus entry after 25 years

Royal Air Maroc (RAM) is preparing to modernize and expand its fleet through a substantial deal with Boeing and a smaller order with Airbus, marking a transformative step for Morocco's national carrier. Boeing leads negotiations; Airbus returns after decades According to industry sources cited......

France and Morocco deepen energy ties with ambitious partnership

Morocco and France have taken a significant step forward in their energy collaboration, with high-level talks in Paris focusing on renewable energy, electrical interconnection, and low-carbon transitions. Morocco’s Minister of Energy Transition and Sustainable Development, Leila Benali, met with......

Trump Doubles Tariffs on Steel and Aluminum to 50 amid Growing Trade Tensions

U.S. President Donald Trump has significantly increased tariffs on imported steel and aluminum, raising them to 50%. This move, announced in a presidential order effective from 12:01 a.m. local time on Tuesday, is presented as a measure to protect national security. According to the White House, although......

Morocco advocates for strengthened global animal health action

Morocco has made a compelling case for enhanced collective action in support of global animal health during the 92nd General Assembly of the World Organisation for Animal Health (OIE), held from May 25 to 29 at the Maison de la Chimie in Paris. Speaking at this significant assembly, Ahmed El Bouari,......

Oil prices drop following unexpected OPEC+ output increase

Oil prices dropped sharply after key OPEC+ members, including Saudi Arabia and Russia, announced an increase in production of 411,000 barrels per day for June. This follows a similar decision the previous month that had already triggered a decline in prices. The price of Brent crude dipped nearly four......

Integrating immigrants: A solution to Europe's demographic challenges

Europe is on the brink of a demographic shift, with its population set to decline in many countries due to an aging populace and a falling birth rate. A recent study highlights that the integration of immigrants into the workforce is essential for sustaining both societies and economies across the continent. Europe's......

IFC invests $135 million in Holmarcom Finance Company to boost growth

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......

European stocks hit 16-month low as China responds to Trump’s tariffs

European stock markets took a severe hit at the beginning of trading on Monday, with Frankfurt witnessing a drop of up to 10 percent as a global sell-off worsened following U.S. President Donald Trump's tariffs. The indices fell sharply, with Paris losing over six percent, London nearly six percent,......

Morocco and South Korea expand ties through major rail deal

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......

Trump tariffs sow fears of trade wars, recession, and a $2,300 iPhone

Global concern mounted after U.S. President Donald Trump unveiled sweeping tariffs, sparking fears of a global recession and sharply higher prices in the American market. Financial markets around the world plunged in response, while leaders from major economies criticized the move as a blow to decades......

Morocco surpasses France as Spain's leading gas importer

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......

The surge in gold prices amid Trump's tariff decisions

In recent weeks, the global economy has felt the ripple effects of U.S. President Donald Trump’s tariffs, some of which have been implemented, while others remain in the threat stage. These tariffs have caused instability in global markets and weakened various currencies, but one significant exception......

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