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Economy


Fostering Excellence: African Development Bank Fuels Moroccan University Transformation

In a significant step toward bolstering Morocco's higher education sector, the African Development Bank (AfDB) Group's Board of Directors has approved a staggering €120 million financing package. This financial injection will fuel the ambitious "Support Program for the Transformation......

Energizing Progress: Morocco's Electrifying Stride Towards Sustainability

Morocco's commitment to sustainable energy solutions is evident in the remarkable surge of 5.7% witnessed in the nation's electricity production during the first quarter of 2024, as reported by the Directorate of Studies and Financial Forecasts (DEPF). This growth contrasts sharply with the 2.6%......

Chariot Oil & Gas Discovers Promising Gas Reserves in Northern Morocco

Chariot Oil & Gas, a UK-based energy explorer, has achieved a significant breakthrough with the discovery of substantial natural gas reserves in the Dartois field, situated in northern Morocco. The company's assessment indicates an impressive 12 billion cubic feet (Bcf) of gas reserves, marking......

Alonso Group Charts New Course, Expanding Logistics Empire to Moroccan Shores

Alonso Group, a prominent player in the Spanish logistics sector, is embarking on a new venture, extending its influence into the burgeoning Moroccan market. With the establishment of Alonso Forwarding Morocco, the company is strategically positioning itself to capitalize on opportunities in North Africa,......

Price of Beverages in Cafes: The Competition Council Opens Dialogue

Amidst the controversy surrounding the surge in beverage prices at cafes, the Competition Council has taken a decisive step by convening a listening session yesterday, Thursday, at the council's headquarters. Representatives of professionals affiliated with the National Federation of Cafe and Restaurant......

Recycling Renaissance: Europe's Soaring Exports of Recyclable Materials to Morocco Reach Historic Highs

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......

Unlocking Doors to Homeownership: Morocco's Direct Housing Aid Program Empowers Thousands"

In a stride towards ensuring accessible housing for its citizens, Morocco's Direct Housing Aid Program has emerged as a beacon of hope, unlocking doors to homeownership for thousands across the nation. According to Mustapha Baitas, the Minister Delegate in Charge of Relations with Parliament and......

Aerospace Ascension: Shimco's Moroccan Odyssey Signals Industry's Soaring Potential

In a resounding affirmation of Morocco's burgeoning aerospace prowess, Canadian aerospace firm Shimco celebrated its forthcoming expansion into the North African nation's integrated industrial platform of Midparc near Casablanca. The event, a symbolic milestone in Shimco's global growth trajectory,......

Morocco's Aerospace Ascent: Securing Global Partnerships and Driving Manufacturing Excellence

Morocco's aerospace sector has been ascending to new heights, fueled by strategic government initiatives, robust infrastructure development, and coveted global partnerships. The nation's commitment to nurturing a skilled workforce and fostering an accommodating business environment has positioned......

Morocco Emerges as Top Source for French Visa Applications in 2023

In a testament to the evolving dynamics between France and Morocco, recent data highlights Morocco's ascendance as the primary source country for French visa applications in 2023. Figures from Schengen Visa Statistics, disclosed to Morocco World News, reveal a notable milestone: Moroccan citizens......

La Vache qui Rit: The Iconic Cheese Triangle Reigns Supreme for the Third Consecutive Year

In a remarkable feat, the iconic cheese brand "La Vache qui Rit" (The Laughing Cow) has once again been crowned with the prestigious "Elected Product of the Year 2024" label in the Triangular Cheese category. This coveted recognition marks the third consecutive year that the heritage......

Moroccan Snail Delicacy: Savoring Andalusia's Prized Import

In the sun-drenched region of Andalusia, Spain, a culinary delight has captured the hearts and palates of locals: the Moroccan snail. This exquisite delicacy, renowned for its exceptional quality and taste, has become a highly coveted item in the southern Spanish region, with imports from Morocco reaching......

Chariot Ignites Moroccan Gas Ambitions with Dartois Well Drilling

In a pivotal move for Morocco's burgeoning gas exploration landscape, Chariot, a British gas exploration company, has initiated drilling operations at its OBA-1 well located in the Dartois prospect area, part of the Lixus Offshore license. While definitive results are eagerly awaited, Chariot's......