Economy
Morocco continues to strengthen its energy security by importing Russian natural gas, showcasing a strategic approach to its energy needs. Despite global geopolitical tensions and sanctions against Russia, the kingdom has maintained a steady supply of liquefied natural gas (LNG) from the country for......
The European Union's General Court has dealt a significant blow to Apple's financial fortunes, dismissing the tech giant's appeal against a €13 billion tax bill. This ruling upholds the European Commission's 2016 decision, which found that Ireland had granted illegal tax benefits......
The European Union's demand for Moroccan tomatoes has experienced a noticeable dip this season, with imports from the North African nation dropping by 6.8% compared to the previous year. This decline follows a record high in Moroccan tomato imports to the EU in 2022, marking the steepest decline......
In 2023, Moroccan operators successfully exported 200 kilograms of legal cannabis resin, marking a significant step in the nation's burgeoning cannabis industry. This resin, with a tetrahydrocannabinol (THC) content below 1%, was priced between €1,500 and €1,800 per kilogram, depending......
In a significant industry move, South Korea's LG Energy Solution (LGES) is eyeing Morocco as a potential site for a new Electric Vehicle (EV) battery production facility. This strategic consideration comes as the company aims to strengthen its foothold in the European market amidst changing trade......
In a landmark development, Morocco has made its debut as a significant player in the global medical cannabis arena. The North African nation recently marked a historic milestone with its first legal export shipment of cannabis to Switzerland, positioning itself as a pivotal force in the rapidly expanding......
Ryanair, the European low-cost carrier, has made a significant move in strengthening its foothold in Morocco by officially opening a new base in the city of Tangier. This latest development marks the airline's fourth operational base within the North African country, representing a $200 million investment......
In a strategic move to bolster regional economic integration and sustainable development, the G7 nations have set their sights on revitalizing a critical trade corridor that traverses three mineral-rich African countries. The Lobito Corridor, a multimodal transportation network spanning Angola, the Democratic......
The Moroccan economy continues to display resilience and investor confidence, maintaining market stability despite global economic fluctuations. Bank Al-Maghrib (BAM), the country's central bank, has significantly increased its interventions in the monetary market, injecting MAD 127 billion ($12.7......
In a remarkable display of agricultural prowess, Morocco has solidified its position as the second-largest supplier of peppers to the European Union (EU) market during the first quarter of 2024. According to the specialized website Hortoinfo, which based its analysis on data from the statistical service......
In a remarkable testament to the burgeoning recycling industry, the European Union (EU) nations have set a new record for exporting recyclable materials, including waste and scrap metal, to Morocco. Recent data from Eurostat shows that in 2023, EU countries shipped approximately 890,000 tonnes of these......
In a significant move against anti-competitive behavior, the European Union (EU) has imposed a hefty fine of €337.5 million (approximately $367 million) on Mondelez International, the American food and beverage giant responsible for renowned brands like Lu, Oreo, Milka, and Toblerone. The penalty......
