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Economy


ECI Morocco Celebrates Plant Expansion and Decade-Long Journey in the Kingdom

Electrical Components International (ECI) Morocco celebrated two significant milestones on Friday: the expansion of its industrial unit within the Tanger Med Industrial Platform and a decade of operations in the North African nation. The event brought together esteemed figures from the industrial sector,......

Morocco's Burgeoning Cannabis Industry: A Budding Economic Opportunity

In a recent workshop focusing on the medical use of cannabis, experts revealed that Morocco's newly legalized cannabis production industry could contribute a staggering annual revenue ranging from $421.8 million to $632.7 million by the year 2028. This projection, shared by Mohamed El Bouhmadi, the......

FIFA World Cup 2030: Unveiling Economic Prospects and Partnerships

The 2nd Business Forum organized by the Moroccan Business Association (IME) in Casablanca shed light on the development opportunities and job creation prospects presented by the 2030 FIFA World Cup. Discussions centered around strengthening economic partnerships between Morocco, Spain, and Portugal,......

Wafabail Ushers in New Era with Appointment of Karim Idrissi Kaitouni as President

In a pivotal move for Wafabail, the renowned financial institution, the Supervisory Board has unanimously appointed Mr. Karim Idrissi Kaitouni as the new President of the Executive Board. The decision was made during a meeting held on May 13, 2024, at Wafabail's headquarters in Casablanca, marking......

Moroccan Private Sector Reaffirms Commitment to Africa's Progress

In a resounding affirmation of Morocco's unwavering dedication to fostering Africa's development, the private sector has taken center stage, reinforcing its crucial role in the co-development and progress of the continent. This commitment was articulated by Chakib Alj, President of the General......

Morocco Poised for Second Consecutive Fuel Price Respite in May

In a welcome development for consumers and transportation professionals grappling with escalating fuel costs, Morocco is set to witness its second consecutive reduction in fuel prices this month. The impending decrease, scheduled to take effect on Friday, May 17, 2024, will bring much-needed relief to......

Government Imposes Anti-Dumping Measures on Turkish Electric Ovens

To safeguard domestic industry interests, the Ministry of Industry and Commerce has announced the imposition of provisional anti-dumping duties on Turkish electric ovens. This decision follows an investigation initiated in August 2023, which concluded the existence of dumping practices detrimental to......