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Economy


Crown Prince Moulay El Hassan Inaugurates Landmark $653 Million Desalination Plant in Casablanca

Africa's Largest Desalination Project Set to Address Morocco's Water Crisis In a significant leap towards addressing Morocco's burgeoning water crisis, Crown Prince Moulay El Hassan has officially commenced the construction of a monumental seawater desalination plant in Casablanca. The groundbreaking......

China Partners with Morocco to Establish Pivotal Electric Battery Hub

In a significant development marking a strategic collaboration between China and Morocco, Chinese companies are channeling substantial investments into transforming the North African nation into a key hub for electric car battery production and export. With investments amounting to at least €2.45......

BAM Amplifies Monetary Interventions Amid Market Stability

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......

Casablanca’s Mohammed V Airport Unveils State-of-the-Art Transit Zone

Casablanca, Morocco – In a bid to redefine the passenger experience and bolster security measures, the National Airports Office (ONDA) has inaugurated a cutting-edge transit zone at Casablanca’s Mohammed V International Airport. This significant development is set to cater to the increasing......

Holmarcom Solidifies Dominance in Moroccan Banking Sector

In a strategic move consolidating its position in the Moroccan financial landscape, Holmarcom, the renowned conglomerate, has finalized its acquisition of Credit Agricole's entire stake in Credit du Maroc, a major banking institution in the country. This transaction grants Holmarcom an impressive......

Moroccan Think Tank PCNS Collaborates with UN to Drive Inclusive Industrial Growth

In a significant move aimed at bolstering sustainable industrial development worldwide, the United Nations Industrial Development Organization (UNIDO) and the Policy Center for the New South (PCNS) have forged a strategic partnership. This collaboration, formalized on June 6th at the PCNS headquarters......

Morocco's Strategic Positioning for Dominance in Green Maritime Fuel

In a recent report, Morocco emerges as a prime contender for dominance in the burgeoning green maritime fuel industry, poised to capitalize on Europe's transition to sustainable shipping practices. The report, jointly published by the Transport and Environment Organization and the Imal Initiative......

Morocco's Entrepreneurial Surge: OMPIC Reports Nearly 25,000 New Businesses in Q1 2024

In a testament to the Kingdom's thriving entrepreneurial ecosystem, the Moroccan Office for Industrial and Commercial Property (OMPIC) has unveiled remarkable statistics showcasing the nation's vibrant business landscape. According to OMPIC's comprehensive dashboard report on enterprise creation,......

Morocco Emerges as Russia's Facilitator Amid Western Sanctions

Amid tightening Western sanctions in response to Russia's military actions in Ukraine, the country has sought alternative pathways to sustain its economic activities, particularly in oil exports and technology imports. In this challenging environment, an unexpected ally has emerged in the form of......

Morocco Emerges as Leading Vegetable Exporter to German Market

In the early months of 2024, Morocco has solidified its position as a formidable force in the global fruit and vegetable trade, experiencing a significant surge in exports to the German market. According to a report from EastFruit, the North African nation's direct shipments of fresh and frozen produce......

Morocco Gears Up for Eid Al-Adha with Abundant Livestock Offerings

As Morocco eagerly anticipates the joyous occasion of Eid Al-Adha, the nation's agricultural sector has meticulously prepared an abundant supply of livestock to meet the festive demand. In a comprehensive address to the Chamber of Counselors, Mohamed Sadiki, the Minister of Agriculture, Maritime......

Airbus Sets Course for Moroccan Aerospace Ascendancy

Airbus, the aerospace behemoth, is embarking on a bold venture to bolster its manufacturing capabilities by tapping into Morocco's burgeoning aerospace sector. This strategic pivot signals Morocco's ascent as a formidable contender in the global aerospace arena. During a visit to the Airbus......

Liquid Intelligent Technologies and Medi Telecom Forge Synergistic Alliance to Elevate Network Dominance in Morocco

In a strategic move poised to redefine the digital landscape of Morocco, Liquid Intelligent Technologies, a pan-African technology powerhouse, has announced a groundbreaking partnership with Medi Telecom, a prominent subsidiary of the internationally renowned Orange Group. This synergistic alliance promises......