Economy



Morocco and Germany explore ways to strengthen an already promising bilateral partnership

Morocco and Germany are seeking to deepen their strategic partnership as senior officials from both countries met in Berlin to discuss new areas of cooperation and investment. The talks brought together Karim Zidane, Morocco’s Minister Delegate in charge of Investment, and Reem Alabali-Radovan,......

China posts record trade surplus exceeding $1 trillion in 2025

China recorded a historic trade surplus in 2025, surpassing one trillion dollars for the first time, according to official customs data released on Monday. From January to November, the country accumulated a surplus of 1.08 trillion dollars, driven by resilient exports to markets outside the United States. Analysts......

Moroccan sweet corn secures over 30% of German market in 2025

Morocco has strengthened its position as a key supplier of fresh sweet corn to Germany, achieving significant export growth for the second consecutive year. According to EastFruit, Moroccan exporters shipped over 2,000 tons of fresh sweet corn to Germany in the first nine months of 2025, valued at $3.83......

Morocco expands tourism project bank to over 900 initiatives across 60 provinces

Morocco’s Ministry of Tourism has announced a significant expansion of its Tourism Project Bank, which now includes over 900 initiatives spanning 60 provinces. Initially launched with 200 projects, the initiative aims to transform Morocco into a global tourism destination by fostering investment......

EU approves Adnoc's €14.7 billion acquisition of German chemical giant Covestro

The European Commission has conditionally approved Abu Dhabi National Oil Company's (Adnoc) €14.7 billion acquisition of Covestro, a major German chemical manufacturer. This decision marks one of the most significant foreign takeovers of a European industrial firm by a Gulf state entity, clearing......

Morocco sets record with 1,200 tons of lemon exports to UK

Morocco has achieved an unprecedented milestone in its lemon exports to the United Kingdom, shipping 1,200 tons between November 2024 and August 2025. This record-breaking achievement, valued at MAD 9.6 million ($920,000), reflects a 40-fold increase compared to the previous season, according to EastFruit.......

UK’s rejection of Morocco energy link stalls XLCC cable factory plans

Plans for a massive undersea cable factory in Scotland have been thrown into uncertainty after the UK government rejected a proposed £25 billion energy link between Morocco and Britain. The decision has forced XLCC, the British company behind the project, to pause construction of its high-voltage......

Chinese manufacturer Boway to establish $150 million production base in Morocco

Chinese alloy manufacturer Boway has unveiled plans to construct a state-of-the-art production facility in Nador, Morocco, marking a major step in the company’s global expansion strategy. Headquartered in Zhejiang, China, Boway specializes in producing alloy materials such as copper, brass, bronze,......

How multi-currency accounts transform international payments for Moroccan businesses

For Moroccan businesses operating globally, whether exporting products to Europe, importing from South America, or freelancing for international clients, navigating traditional banking systems can be fraught with challenges. Outdated processes, hefty fees, and unfavorable exchange rates often hinder......

Seres targets $1.7 billion Hong Kong IPO, leveraging Huawei partnership

Chinese electric vehicle (EV) manufacturer Seres Group is set to launch one of Asia's largest tech IPOs of 2025, aiming to raise up to $1.7 billion in Hong Kong. The move underscores the company’s strategic partnership with Huawei and its ambitions to fund global expansion and technological......

Porsche faces $1.1 billion loss amid EV strategy overhaul and declining demand

Porsche AG has reported its first quarterly loss since becoming a publicly traded company, with an operating deficit of €967 million ($1.1 billion) for the third quarter of 2025. This dramatic downturn reflects the luxury automaker's costly strategic pivot on electric vehicles (EVs) and weak......

Bourita calls on Belgian investors to explore opportunities in Morocco's southern provinces

Morocco’s Minister of Foreign Affairs, Nasser Bourita, has urged Belgian businesses to seize investment opportunities in Morocco’s southern provinces, emphasizing the region’s potential as a hub for development and cooperation within Africa. Speaking at a joint press conference with......

Masterflex begins construction of aerospace components plant in Casablanca region

German engineering group Masterflex has launched the construction of a new aerospace components factory within Morocco’s Midparc free trade zone near Casablanca, marking a major step in the company’s expansion into North Africa’s growing aviation industry. The groundbreaking ceremony,......

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