In a significant development in the ongoing saga of Morocco's sole oil refinery, the North African kingdom has decisively rejected a substantial $2.7 billion compensation claim brought forth by Saudi entrepreneur Mohammed Al Amoudi. This rejection comes on the heels of a concluded arbitration procedure......

EdfaPay, a prominent fintech firm based in Saudi Arabia, has announced the expansion of its operations into Morocco. This move comes after the company successfully secured the necessary regulatory approvals, marking another significant step in its global growth strategy. Founded in 2021, EdfaPay has......

In a significant move to enhance trade and investment across Africa, the Attijariwafa Bank Group and the African Continental Free Trade Area (AfCFTA) Secretariat have signed a memorandum of understanding (MoU). This agreement, inked during the 2024 Africa Development International Forum, promises to......

In a significant development that underscores the changing dynamics of the African banking sector, Morocco's Competition Council has given the green light for Saham Finances to acquire a controlling stake in Societe Generale Marocaine de Banques. This move, valued at over 8 billion Moroccan dirhams......

The Halal Morocco Forum explores the country's potential for significant growth in the global halal market. In a bid to bolster its position in the burgeoning global halal market, Morocco recently hosted the sixth edition of the Halal Morocco Forum in Casablanca. Abderrahim Taibi, director of the......

In Morocco, cherry prices have recently surged significantly, with costs reaching up to 80 dirhams per kilogram. This increase has been particularly evident in middle-class and popular marketplaces, and even more pronounced in high-end markets. The sudden rise occurred during the Eid al-Adha period,......

Akdital, a prominent name in Morocco's private healthcare sector, is set to significantly enhance its public share capital. The Moroccan Capital Market Authority (AMMC) has approved Akdital's ambitious plan to issue new shares, aiming to attract substantial public investment and bolster its growth......

As summer approaches, real estate developers anticipate a surge in demand to help clear their property inventories. However, a notable trend has emerged where savvy investors are capitalizing on developers' misfortunes by purchasing halted construction projects at bargain prices. These investors......

Morocco's National Railway Office (ONCF) is gearing up for a transformative summer season, rolling out an extensive plan to accommodate the anticipated surge in travelers. From June 24 to September 23, 2024, the Moroccan rail network will pulsate with over 230 daily trains, marking a significant......

In a significant development for African air travel, Royal Air Maroc (RAM) has inaugurated a direct flight route between Abuja and Casablanca, marking a new chapter in Morocco-Nigeria relations. The maiden flight took off from Nnamdi Azikiwe International Airport in Abuja on Sunday, heralding an era......

The Global Cities Index also highlights Rabat, Agadir, and Marrakech among other Moroccan cities. Casablanca has emerged as the most attractive city in North Africa, according to the Global Cities Index 2024 by Oxford Economics. The Moroccan economic hub has been ranked 442nd out of 1,000 cities worldwide......

Disparities Deepen as Morocco’s Poor Bear the Brunt of Economic Crises Morocco’s recent economic challenges have disproportionately affected its least affluent citizens, according to a comprehensive report by the High Commission for Planning (HCP). The report highlights how the COVID-19......

As summer approaches, Royal Air Maroc (RAM), Morocco's national airline, is gearing up for an anticipated surge in passenger demand by significantly enhancing its network and seat capacity. The airline's strategic expansion aims to provide travelers with more options and improved connectivity......