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Economy


SDX Energy: Unveiling Morocco's Untapped Energy Potential

In a significant development for the energy sector, SDX Energy has announced its plans to embark on an ambitious exploration journey in Morocco. The company, known for its expertise in the field, is set to unlock the country's hidden energy reserves, offering a glimpse into a promising future for......

Egypt's Soaring Interest Rates: A Double-Edged Sword for Economic Growth

Egypt currently holds the distinction of having the highest interest rates among all Arab nations, with a staggering 27.25% set by its central bank. This monetary policy decision reflects Egypt's aggressive strategy to attract foreign investment in treasury bonds and bills, particularly in response......

Morocco's Inflation Battle: Consumer Price Index Jumps, Sparking Economic Concerns

Morocco's economic landscape is facing a critical juncture as the country grapples with mounting inflationary pressures. The latest data reveals a significant surge in the Consumer Price Index (CPI), raising alarms about the potential impact on the nation's economic stability. According to official......

Air Arabia's Direct Flight: Bridging Morocco and Spain with a New Route

In an exciting development for air travel enthusiasts and those with a penchant for exploring the vibrant cultures of Morocco and Spain, Air Arabia has unveiled a new direct flight connecting Casablanca and Madrid. This strategic move by the airline promises to revolutionize travel between these two......

OCP Group's Strategic Move: A Win-Win Scenario for Morocco's Phosphate Industry

In a significant development for Morocco's phosphate industry, the OCP Group has expressed its satisfaction with the recent decision by the US-based company Mosaic to withdraw its request for a review of import duties on Moroccan phosphate rock. This move, welcomed by OCP, has the potential to reshape......

Moroccan Fertilizer Industry: A Strategic Move Unveils New Horizons

In a significant development, the Moroccan fertilizer industry has received a boost, courtesy of a strategic decision by a prominent US company. This move has not only strengthened the industry's position but also opened up new avenues for growth and collaboration. The US-based firm, known for its......

Royal Air Maroc and Defense Administration Forge Strategic Alliance to Elevate Services for FAR Members

In a significant development, Royal Air Maroc (RAM) and the Moroccan Defense Administration have joined forces to enhance travel experiences for members of the Armed Forces (FAR). This strategic partnership aims to revolutionize air travel services, offering a seamless and exclusive journey for those......

Morocco's Strategic Energy Move: Diversifying Sources with Russian Gas Imports

Morocco continues to strengthen its energy security by importing Russian natural gas, showcasing a strategic approach to its energy needs. Despite global geopolitical tensions and sanctions against Russia, the kingdom has maintained a steady supply of liquefied natural gas (LNG) from the country for......

Morocco's Petroleum Sector: A Transformative Marking System to Boost Transparency and Efficiency

Morocco's petroleum sector is on the cusp of a significant transformation, with the introduction of a new marking system set to revolutionize the industry's operations and governance. This ambitious initiative, slated for implementation in 2025, aims to enhance transparency, streamline processes,......

Moroccan Government Greenlights Expansion of Tangier Automotive City, Paving the Way for Economic Growth

In a significant move aimed at bolstering its automotive sector, the Moroccan government has officially approved the expansion of the Tangier Automotive City, a key player in the nation’s free zone. This decision is poised to enhance the region's industrial capabilities and attract further......

Concerns Emerge in Devon Over UK-Morocco Power Project's Impact on Local Tourism and Economy

Residents of Devon, UK, are expressing growing apprehension regarding the implications of a proposed power project in Morocco, which is set to establish a significant energy link between the two nations. This initiative, aimed at bolstering renewable energy resources, has sparked debates about its potential......

Morocco Advocates for Collaborative Strategies to Enhance African Diaspora Remittances

In a significant move to bolster economic ties and financial flows within the continent, Morocco has called for a multilateral approach aimed at increasing remittances from the African diaspora. This initiative underscores the vital role that remittances play in the economic stability and development......

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......