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Economy


Morocco selects five investors for $31.9 billion green hydrogen projects

Morocco's green hydrogen ambitions took a significant leap forward with the selection of five major investors during a steering committee meeting chaired by Prime Minister Aziz Akhannouch in Rabat. This move is part of a broader initiative to develop six projects valued at MAD 319 billion ($31.9......

EIB strengthens Morocco’s economy with strategic investments

The European Investment Bank (EIB) is enhancing Morocco's sustainable development through significant financial and technical initiatives aimed at fostering economic resilience. In a notable achievement, the EIB has surpassed €10 billion in investments in Morocco since its inception in 1979.......

Morocco solidifies its position among Africa's economic powerhouses

Morocco has reinforced its status as a significant economic player on the African continent, as highlighted by the magazine “Jeune Afrique” in its announcement of the 26th edition of its exclusive ranking of Africa's 500 largest companies. With a total revenue of $55.9 billion, Moroccan......

EIB enhances support for Morocco's development with record investment

The European Investment Bank (EIB) has strengthened its commitment to Morocco's development initiatives, surpassing the €10 billion investment mark since the inception of its partnership with the North African nation. A recent statement shared with Morocco World News reveals that the financing......

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......

Bank Al Maghrib issues alert over fraudulent investment platform

Bank Al Maghrib (BAM), Morocco’s central bank, has released an official warning against fraudulent media content promoting a fake investment platform falsely attributed to the bank. According to BAM, the content illegitimately uses the bank’s identity and the image of its governor, likely......

Morocco launches consumer hotline to tackle Ramadan price concerns

As Ramadan begins, Morocco has introduced the national hotline number 5757 to address consumer complaints and ensure market stability during the holy month. This initiative aims to alleviate growing concerns over rising food prices and the availability of essential goods, which are central to traditional......

Morocco and Egypt strengthen trade ties with fast track system

Morocco and Egypt have taken significant steps to enhance their bilateral trade relations through the establishment of an Egyptian “Fast Track” system, aimed at streamlining access for Moroccan exports to Egyptian markets. According to a statement from Morocco’s Ministry of Industry......

Strengthening Morocco-Mexico ties: business leaders back sovereignty and economic collaboration

The Mexican Business Coordination Council (CCE), the largest employers' organization in Latin America’s second-largest economy, has expressed its support for Morocco’s territorial integrity and emphasized its commitment to bolstering economic and trade relations with the Kingdom. “We......

BCP appoints new leadership to drive strategic growth

The Central Popular Bank (BCP) has announced the appointment of three new director generals in a significant leadership reshuffle aimed at bolstering the bank's strategic development. The decision was made during a recent board meeting, underscoring BCP’s commitment to innovation and growth. The......

Morocco’s exceptional energy potential: A gateway to European partnerships

Morocco boasts exceptional assets in the energy sector, stated Gérard Mestrallet, the special envoy of the French President for the India-Middle East-Europe economic corridor, during a meeting in Rabat on Thursday. Among these assets, Mestrallet highlighted “strong, consistent winds in......

Sardine prices spark debate over market regulation in Morocco

A heated debate over fish prices in Morocco has ignited across social media, shedding light on broader concerns about market regulation and affordability, particularly as Ramadan approaches. The controversy began in Marrakech, where Abdolilah, known as Abdo, launched an initiative to sell sardines at......

Morocco's planning commission and World Bank forge data partnership to enhance policy development

The High Commissioner for Planning (HCP) of Morocco, Chakib Benmoussa, and the World Bank Country Director for Maghreb and Malta, Ahmadou Moustapha Ndiaye, signed a cooperation agreement in Rabat on Tuesday. This partnership aims to strengthen capabilities and facilitate the exchange of experience and......