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Economy


Morocco’s Strategic Investment Boost: A 25 Billion Dirham Growth and Economic Reform

Morocco’s pursuit of becoming a key hub for foreign investment continues to gain momentum, fueled by the vision of His Majesty King Mohammed VI. The country has remained committed to a series of strategic reforms designed to enhance its attractiveness to investors, emphasizing sustainable growth......

EU Banking Reforms Spark Concern for Vital Moroccan Remittances

The European Union's latest banking regulations, initially designed to address post-Brexit financial concerns, have inadvertently raised alarms in Morocco. These new rules threaten to disrupt a crucial economic lifeline for the North African nation – remittances from its diaspora in Europe. In......

Morocco-UAE Business Council Appoints Investment Veteran to Bolster Economic Ties

Anas Guennoun, a seasoned investment banker and co-founder of West Capital Partners, has been named the new Chairman of the Morocco-United Arab Emirates Business Council under the Confédération générale des entreprises du Maroc (CGEM). This appointment marks a significant......

Royal Air Maroc Faces Flight Disruptions Amid Paris-Orly Airport Technical Glitch

Morocco's national carrier, Royal Air Maroc (RAM), announced that eight of its flights were affected by a technical issue at Paris-Orly airport on September 5, 2024. The airline took to social media to inform passengers that the problem was beyond their control. "Several Royal Air Maroc flights......

Morocco Secures €120 Million from AfDB for Climate and Governance Initiatives

In a significant move to bolster Morocco's economic stability and environmental resilience, the African Development Bank (AfDB) has approved a substantial financial package of €120 million. This funding, part of the initial phase of the Support Program for Governance and Climate Resilience,......

Moroccan Cherry Tomatoes Supplier Challenges French Allegations

In recent months, European farmers have protested against the increasing presence of Moroccan tomatoes, which have gained popularity among consumers. The controversy has escalated into a significant dispute, with Azura, a leading supplier of Moroccan cherry tomatoes to European markets, accusing French......