Economy
Chinese automotive interior materials manufacturer Kuntai has announced plans to establish a $13.7 million production facility in Morocco. The investment, led by its subsidiary Kuntai Hongjing Co Ltd, marks a significant step in the company’s international expansion strategy. Integrated production......
The United States and the European Union have reached a trade agreement aimed at avoiding severe tariffs on European goods. While the deal has been praised for preventing a transatlantic trade war, it has also drawn sharp criticism from some European leaders and industries. Key terms of the agreement The......
Moroccan asset management firm Alphavest Capital and American aerospace giant Boeing have signed a memorandum of understanding (MoU) to create five aerospace excellence centers in Morocco. This strategic partnership aims to bolster the country’s position as a global leader in the aviation manufacturing......
European aircraft manufacturer Airbus has expressed its intention to strengthen ties with Morocco, leveraging the country’s rapidly growing aviation industry. Speaking at the 55th Paris Air Show, Wouter Van Wersch, Airbus’s executive vice president for international affairs, highlighted Morocco’s......
The European Investment Bank (EIB) has committed €1.6 billion to finance the Bay of Biscay electricity interconnection, a critical project aimed at strengthening energy links between Spain and France. This initiative comes in response to Spain’s calls for improved infrastructure following......
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,......
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 (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......
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......
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 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 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......
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......
