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Economy


Onda Appoints New Directors to Propel Modernization of Major Moroccan Airports

In a strategic move aimed at enhancing the operational efficiency and modernization of Morocco's aviation sector, the National Office of Airports (ONDA) has announced the appointment of new directors for several key airports across the country. This initiative underscores the government's commitment......

Morocco Engages with BRICS Nations at Economic Forum in Xiamen

The city of Xiamen, China, recently hosted the 2024 BRICS Forum focused on partnerships for a new industrial era on September 10 and 11. Morocco was represented by Ryad Mezzour, the Minister of Industry and Commerce, who emphasized the significance of the event for showcasing Morocco's industrial......

Over 431,000 Widows in Morocco Receive Direct Social Support Amid Economic Challenges

In a significant move to bolster social welfare, Morocco has extended direct financial assistance to over 431,000 widows across both urban and rural areas. This initiative, part of the government's broader strategy to enhance social protection, aims to alleviate the economic burdens faced by this......

Morocco and Egypt Dominate U.S. Thermal Coal Exports to Africa

In a notable development within the global energy market, Morocco and Egypt have emerged as the leading recipients of American thermal coal exports to Africa, collectively accounting for an impressive 98% of the total shipments to the continent.  Recent data from the U.S. Energy Information Administration,......

Credit du Maroc Reaffirms Commitment to Anti-Corruption Standards with System Certification Renewal

In a significant move underscoring its dedication to ethical business practices, Credit du Maroc has successfully renewed the certification of its anti-corruption management system. This renewal, which aligns with the international standard ISO 37001, reflects the bank's ongoing commitment to combating......

Taounate Launches Morocco's Inaugural Legal Cannabis Factory, Paving the Way for Industry Transformation

In a significant development for Morocco's burgeoning cannabis sector, the city of Taounate has inaugurated the nation’s first legal cannabis production facility. This landmark event marks a pivotal shift in the country’s approach to cannabis cultivation and commercialization, reflecting......

Chariot Limited Validates Significant Gas Discoveries in Morocco's Offshore Anchois Project

In a notable development for the energy sector, Chariot Limited has confirmed substantial gas discoveries at its offshore Anchois project in Morocco. This announcement marks a pivotal moment for the company and the region, as it underscores the potential of Morocco's natural gas reserves. The exploration......

Moroccan Ports Experience Surge in Passenger Traffic During Marhaba 2024

In a remarkable display of logistical prowess, Moroccan ports welcomed over 2.8 million passengers during the Marhaba 2024 operation, a seasonal initiative designed to facilitate the return of Moroccans living abroad. This year’s figures reflect a significant increase compared to previous years,......

Falcon Energy Materials and Hensen Forge Partnership to Establish Anode Production Facility in Morocco

In a significant development for the energy sector, Falcon Energy Materials has announced a strategic collaboration with Hensen to construct a state-of-the-art anode manufacturing plant in Morocco. This partnership aims to bolster the production of essential materials for the burgeoning electric vehicle......

Moroccan Government Engages with OECD Secretary-General to Enhance Economic Collaboration

In a significant diplomatic engagement, the Head of the Moroccan Government, Aziz Akhannouch, recently met with the Secretary-General of the Organization for Economic Co-operation and Development (OECD), Mathias Cormann, to address pressing global economic concerns. The meeting, held in Rabat, underscores......

Bolstering Morocco-UK Ties in the Wake of Brexit

A new report from the Institute for International Strategic Studies (IMIS) outlines 10 key steps to boost the partnership between Morocco and the United Kingdom following Brexit. These suggestions aim to build on the countries' strong existing relationship and find new ways to work together. The......

Sunrise Group's $422 Million Investment: A New Dawn for Morocco's Textile Industry

The Chinese textile powerhouse, Sunrise Group, has announced a significant investment of 4.1 billion dirhams (approximately $422.2 million) in Morocco, a move poised to invigorate the nation’s textile sector. This ambitious project was discussed during a meeting between Morocco's Head of Government,......

Morocco Emerges as Top Watermelon Supplier to Spain and France in 2023

In a significant milestone for Morocco's agricultural sector, the country has solidified its position as the leading supplier of watermelons to both Spain and France in 2023. This achievement underscores Morocco's growing influence in the global market for fresh produce. According to recent......