Economy
French transport giant Alstom has secured a €260 million contract to upgrade the railway line connecting Kenitra and Settat, marking a major milestone in Morocco’s ongoing rail sector transformation. The deal, signed with a consortium that includes Alstom, INEO Rail, and INEOLUM, will see......
Abdellatif Hammouchi, the General Director of Morocco’s Security and Territorial Surveillance (DGSN-DGST), is leading a high-level delegation to the United Arab Emirates (UAE) to enhance security cooperation between the two countries. The visit, which began on Tuesday, reflects the strong bilateral......
The General Confederation of Moroccan Enterprises (CGEM) has appointed Ali Belhaj as the new president of the Morocco-UK Business Council. The announcement was made during CGEM’s board meeting on September 15 and is part of the organization’s efforts to strengthen economic and trade relations......
Morocco’s Economic, Social, and Environmental Council (CESE) has released its formal analysis of the European Union’s Carbon Border Adjustment Mechanism (CBAM), outlining its implications for Moroccan exports. The findings, presented during a session in Rabat, reflect the Council's participatory......
Morocco and India have inaugurated a new defense manufacturing facility in Berrechid, marking a significant milestone in their strategic partnership. The plant, named TATA Advanced Systems Maroc (TASM), will produce WhAP 8×8 armored combat vehicles for Morocco's Royal Armed Forces and international......
Morocco has solidified its position as a major supplier in the European Union’s tomato market, recording a 40% increase in exports over the past decade. During the 2024/2025 campaign, Moroccan tomato exports reached 568,370 tons, accounting for 19.63% of the EU’s total imports and generating......
Morocco has secured a €100 million loan from the OPEC Fund for International Development, marking another step forward in its efforts to strengthen economic governance and combat the challenges posed by climate change. This funding, part of the Program to Support Economic Governance and Climate......
INNOVX has secured $110 million in financing from Bank of Africa to support the development of its subsidiary, Fluoralpha, which is spearheading a groundbreaking project in Jorf Lasfar, Morocco. This initiative focuses on recovering fluorine from Moroccan phosphate rocks, reinforcing Morocco’s......
Morocco presented its innovative public-private partnership (PPP) model on Sunday during the “Public-Private Partnership Summit for Change” in New York. The high-profile event, held just before the UN General Assembly’s high-level week, brought together global business leaders and senior......
The Moroccan government has fallen significantly short of its ambitious promise to create one million jobs during its current term, according to a new report by the Omega Center for Economic and Social Studies. Despite some gains in urban employment, the country has experienced a net loss of 99,000 jobs......
Morocco has become a founding member of the newly launched Future of Investment and Trade Partnership (FIT), a coalition of 14 nations aimed at strengthening the global trade influence of small and medium-sized economies. The initiative, formalized during a virtual ministerial meeting on September 16,......
India’s Defense Minister Rajnath Singh is set to embark on a four-day visit to Morocco, signaling New Delhi’s growing interest in strengthening its defense and industrial partnerships across Africa. The trip underscores India’s ambition to expand its footprint in the region, offering......
The European Bank for Reconstruction and Development (EBRD) has approved a €10 million loan to Fondation Arrawaj, one of Morocco’s leading microfinance institutions. The financing aims to empower young entrepreneurs and small businesses, particularly in regions affected by the Al Haouz 2023......
