Economy
German authorities have recently taken decisive action by withdrawing a shipment of Moroccan peppers from the market due to alarming levels of Abamectin, a pesticide known for its serious health risks. The peppers were imported into Germany via Spanish distributors, as reported by Hortoinfo. Inspection......
Morocco's green hydrogen ambitions took a significant leap forward with the selection of five major investors during a steering committee meeting chaired by Prime Minister Aziz Akhannouch in Rabat. This move is part of a broader initiative to develop six projects valued at MAD 319 billion ($31.9......
From Madrid to Barcelona, Spain’s vibrant economy is evident in bustling restaurants, packed hotels, and a thriving service sector. Recognized by The Economist as the world’s best-performing economy in 2024, Spain’s success is attributed in part to a distinctive migration policy that......
German manufacturing company Leoni has inaugurated a new automotive wiring systems factory in Agadir, Morocco, representing an investment of MAD 230 million. The facility, situated in the Souss-Massa industrial acceleration zone, was officially opened on Tuesday under the supervision of Moroccan Prime......
Rabat – Trade relations between Spain and Morocco continue to flourish, with recent data indicating a likely fourth consecutive year of record-breaking foreign trade between the two countries. Reports highlight Morocco's strong trade performance with Spain, emphasizing the robust bilateral......
A recent report from the World Bank Group, International Debt Report 2024, reveals that Morocco's external debt surged to $69.267 million in 2023, a significant increase from $27.3 million in 2010. The report provides an in-depth analysis of the debt’s composition and the conditions of Morocco’s......
The German International Cooperation Agency (GIZ), in collaboration with Morocco’s Ministry of Industry and Trade, has launched an ambitious call for expressions of interest under its "Partnership for Employment" (PPE) program. This initiative, a key aspect of Moroccan-German cooperation,......
The World Bank has unveiled an unprecedented commitment to aid the world's poorest countries, raising nearly $24 billion in new funds. This initiative will allow the bank to leverage these resources, unlocking a remarkable total of $100 billion in loans and grants. The goal is to address the pressing......
Russian President Vladimir Putin has approved an unprecedented defense budget for 2025, allocating approximately $126 billion, or 13.5 trillion rubles, to the national defense sector. This amount constitutes 32.5% of the total government spending, marking a significant rise from the previous year’s......
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......
In a significant move to enhance Morocco's economic landscape, King Mohammed VI has appointed Karim Zidane as Minister Delegate for Investment, Convergence, and the Evaluation of Public Policies (MICEPP), marking a strategic shift in the nation's approach to investment and governance. Zidane,......
In a significant shift within Spain's real estate landscape, Moroccan nationals have emerged as the second-largest group of foreign property buyers during the first half of 2024. This development, reported by Spain's General Council of Notaries, marks a notable trend in cross-border real estate......
In a landmark achievement for Morocco's financial landscape, Lamia Merzouki, Deputy CEO of Casablanca Finance City (CFC), has been elected President of the World Alliance of International Financial Centres (WAIFC). This significant development was announced during the WAIFC's Annual General Meeting......
