Economy
A planned direct shipping line between Morocco and Saudi Arabia is set to revolutionize trade relations, benefiting over 100 Moroccan exporters by significantly reducing transit times and increasing market access. The initiative seeks to deepen bilateral trade ties and enhance economic cooperation between......
Saudi Arabia has implemented a new classification system for expatriate work permits, aiming to enhance labor market efficiency, attract international talent, and align with the Kingdom’s Vision 2030 objectives. The initiative, announced by Minister of Human Resources and Social Development Ahmed......
A high-level delegation from the Federation of Saudi Chambers of Commerce (FSC), led by its president Hassan Al-Huwaizi, began an official visit to Morocco on Sunday. Comprising over 30 Saudi investors and representatives from government agencies, the visit aims to enhance economic cooperation and identify......
A high-level Saudi delegation comprising over thirty investors and economic officials began an official tour of North Africa on June 29, focusing primarily on Morocco and Mauritania. Organized by the Saudi Chambers of Commerce Federation, the mission aims to strengthen bilateral economic ties and explore......
Morocco has achieved a significant milestone in its agricultural exports, with raspberry shipments to the Middle East hitting 700 tonnes just three months before the end of the 2024/2025 export season, according to EastFruit, an agricultural data platform. This surge highlights Morocco's growing......
The Moroccan Government Council recently reviewed two pivotal cooperation agreements signed with Saudi Arabia, signifying a significant advancement in judicial collaboration between the two nations. Signed on November 13, 2024, in Riyadh, these agreements were presented by Morocco’s Minister of......
In a significant move for regional aviation, the Arab Civil Aviation Organization (ACAO) has officially endorsed Morocco, among other Arab nations, as candidates for the International Civil Aviation Organization (ICAO) Council. This decision, made during an extraordinary general assembly in Rabat, also......
Oil prices dropped sharply after key OPEC+ members, including Saudi Arabia and Russia, announced an increase in production of 411,000 barrels per day for June. This follows a similar decision the previous month that had already triggered a decline in prices. The price of Brent crude dipped nearly four......
Mohammed Hussein Al Amoudi, the Saudi billionaire and former owner of Morocco's Samir refinery, is currently pursuing the enforcement of an award from the International Centre for Settlement of Investment Disputes (ICSID) against Morocco. This effort aims to resolve a prolonged legal dispute with......
Morocco is exploring the creation of a holding company aimed at unifying the actions of thirteen major public banks and investment funds, as part of a broader reform to manage state-owned assets more efficiently. The National Agency for Strategic Management of State Holdings, responsible for overseeing......
Morocco's green hydrogen ambitions took a significant leap forward with the selection of five major investors during a steering committee meeting chaired by Prime Minister Aziz Akhannouch in Rabat. This move is part of a broader initiative to develop six projects valued at MAD 319 billion ($31.9......
Morocco is preparing to tap international debt markets with a new euro-denominated bond issuance, its first since 2023, to help finance an ambitious infrastructure development program ahead of co-hosting the 2030 FIFA World Cup. Finance Minister Nadia Fettah Alaoui emphasized the country's current......
Three Moroccan companies have received prestigious recognition at the 60th Arab High Committee for Standardization meeting in Rabat, highlighting Morocco's growing influence in regional manufacturing excellence. Sogea Maroc, SMCV, and Super Cerame were awarded the Arab Quality Award for their contributions......
