The National Railway Office of Morocco (ONCF) has successfully completed a landmark green bond issuance of 2 billion dirhams (MMDH), marking a significant step toward its 2035 carbon neutrality goal. This latest financial operation, managed by CDG Capital, garnered exceptional market interest with a......

A recent UN Trade and Development (UNCTAD) report highlights Morocco's strategic position in Africa's economic landscape while identifying key challenges and opportunities for growth. The 2024 Economic Development in Africa Report emphasizes how targeted reforms and investments could strengthen......

In a significant development for regional transportation, Mauritania has introduced a three-month multi-entry visa for Moroccan professional drivers engaged in international road transport. This new measure, announced by the Moroccan Embassy in Mauritania, applies to drivers operating between Morocco......

The Moroccan dirham experienced a minor depreciation of 0.2% against both the Euro and US dollar during the period of January 30 to February 5, according to Bank Al-Maghrib (BAM). This modest decline follows a period of exchange rate stability in the previous week. The central bank's weekly bulletin......

Despite active exploration efforts and international investment, Morocco's quest to develop substantial natural gas resources continues to yield modest results in the face of rising domestic energy consumption. Sound Energy CEO Graham Lyon highlighted the challenges and opportunities in the country's......

Swedish retailer H&M is strengthening its manufacturing presence in Morocco as part of a strategic response to potential US trade restrictions, according to the company's finance chief. This move represents a significant shift toward regional supply chains, with Morocco positioned as a key production......

Three Moroccan companies have received prestigious recognition at the 60th Arab High Committee for Standardization meeting in Rabat, highlighting Morocco's growing influence in regional manufacturing excellence. Sogea Maroc, SMCV, and Super Cerame were awarded the Arab Quality Award for their contributions......

In a significant development for Morocco's automotive sector, top Japanese automotive companies embarked on a business mission to Rabat, marking an important step in strengthening economic ties between the two nations. The mission, organized by the Japan External Trade Organization in Rabat (JETRO......

Remittances from Morocco's diaspora reached MAD 117.7 billion ($11.7 billion) in 2024, marking a 2.1% increase from the previous year's MAD 115.26 billion ($11.4 billion), according to data from the Moroccan Exchange Office. The significant financial inflow maintains Morocco's position as......

Morocco's aerospace industry demonstrated remarkable performance in 2024, with exports reaching MAD 26.45 billion, marking a 14.9% increase from the previous year. The assembly segment emerged as a key driver, expanding by 23.6% to MAD 17.23 billion, while the Electrical Wiring Interconnection System......

Morocco’s fuel imports have surged to 1.7 million tons, valued at $1.26 billion, marking a 10.8% increase in volume. This rise has led to a noticeable hike in fuel prices across the country, with diesel increasing by 20 cents per liter and gasoline by 16 cents per liter. In Casablanca, the average......

Turkish defense manufacturer Baykar has officially announced the establishment of a drone production facility in Morocco, marking a pivotal moment in the country's military and technological advancement. The project further strengthens the growing strategic partnership between Morocco and Türkiye. The......

The Moroccan government has made significant strides in its anti-corruption agenda, public debt management, and water resource optimization, according to a recent update from government spokesperson Mustapha Baitas. Speaking at a press briefing following the weekly government council meeting, Baitas......