Economy
Morocco will need to invest over $40 billion in the next five years to achieve its national energy objectives, according to Energy Transition Minister Leila Benali. Speaking during an interview with Asharq at the OPEC seminar in Vienna, Benali outlined the country's ambitious energy transition strategy,......
Renault’s Tangier factory marked a major milestone on Friday with the production of the 2,000th Mobilize DUO, Morocco’s first fully electric quadricycle. This innovative vehicle, tailored for urban mobility, represents a significant step forward in Morocco’s transition to sustainable......
Morocco has firmly established itself as a competitive player in the global aerospace sector, according to the Minister of Industry and Trade, Ryad Mezzour, during the opening of the Paris Air Show at Le Bourget. Speaking to MAP, Minister Mezzour highlighted growing international interest in Morocco’s......
Morocco’s railway industry is entering a transformative phase, representing a significant milestone in the nation’s broader industrial and economic strategy. Building on its notable success with the high-speed train (TGV), the country is emerging as a key player in railway equipment production......
Stellantis has taken a decisive step in strengthening its industrial footprint in Morocco by launching engine production at its kenitra plant. This move marks a significant evolution from vehicle assembly to a fully integrated manufacturing site capable of producing critical components like turbocharged......
Morocco has rapidly emerged as one of the leading markets for Russian wheat exports in recent years, joining other growing destinations such as Nigeria, Kenya, Libya, Tunisia, and Tanzania. Dmitry Sergeyev, chairman of the Russian Union of Grain Exporters and Producers, highlighted this trend in an interview......
A recent American report has recognized Morocco as the leading African nation and ranked it 34th globally among the best countries for foreign entrepreneurs in 2025. This distinction highlights Morocco’s strategic geographical position bridging Africa, Europe, and the Atlantic Ocean, combined with......
Europe is on the brink of a demographic shift, with its population set to decline in many countries due to an aging populace and a falling birth rate. A recent study highlights that the integration of immigrants into the workforce is essential for sustaining both societies and economies across the continent. Europe's......
Financial markets now fully anticipate that the Bank of England will lower interest rates in May, driven by the evolving global economic impact of Donald Trump’s trade policies. On Tuesday, LSEG data initially showed an 82% probability of a rate cut from 4.5% to 4.25% on 8 May. However, that probability......
Tech billionaire Elon Musk has voiced support for a free trade zone between the United States and Europe, calling for the elimination of tariffs. During a video appearance at a conference organized by Italy's far-right League party in Florence, Musk emphasized his belief in a zero-tariff arrangement......
Spain now recognizes Morocco as a key strategic ally in facing the challenges of global competition. Far from being rivals, the two countries have forged a powerful partnership in critical sectors that are shaping the future. In an analysis titled “Spain and Morocco: Strategic Allies in the Face......
In early April, President Donald Trump announced a new 25% tariff on imports of cars, semiconductors, and pharmaceuticals. This addition follows previous tariffs on steel and aluminum that have already impacted Europe and Asia. Trump has indicated that these tariffs may increase further after one year. The......
The European Central Bank (ECB) may further lower interest rates as inflation continues to moderate, according to board member Piero Cipollone. He also warned that escalating trade tensions between the United States and China could negatively affect the 20-member eurozone economy. Since June, the ECB......
