Economy
The trade relationship between the United Kingdom and Morocco has experienced significant growth over the past year, underscoring the strengthening economic ties between the two nations. According to the UK Department for Business and Trade, bilateral trade reached 48.5 billion Moroccan dirhams (3.8......
Thomas Reilly, the former British ambassador to Morocco, has returned to the North African nation in a pivotal role as a senior consultant for Euros/Agency Africa. Tasked with guiding the group’s strategic growth, Reilly will focus on geopolitical analysis, government relations, and international......
The United Kingdom officially became the 12th member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on Sunday. This milestone marks a significant step in the UK's post-Brexit strategy to deepen economic ties in the Asia-Pacific region and expand its global trade......
TotalEnergies and Hutchinson have announced a joint initiative to develop a cutting-edge solar energy project in Morocco, featuring advanced photovoltaic technology. According to Solar Quarter, the collaboration involves the installation of 2,850 high-performance photovoltaic modules, delivering a solar......
The ambitious Xlinks project, designed to connect Morocco's renewable energy resources with the United Kingdom, has taken a major step forward by opting to route its 3,800-kilometer undersea cable through Spanish waters. This groundbreaking green energy initiative reflects a strategic choice to avoid......
The World Bank has unveiled an unprecedented commitment to aid the world's poorest countries, raising nearly $24 billion in new funds. This initiative will allow the bank to leverage these resources, unlocking a remarkable total of $100 billion in loans and grants. The goal is to address the pressing......
Energean’s CEO has recently made a statement, widely reported by international media, suggesting the company’s possible exit from Morocco. He explained, “We drilled an offshore well in Morocco, but the results did not meet our expectations. Therefore, I do not foresee any further development,......
As Donald Trump appears poised to reclaim the presidency, financial markets are experiencing significant shifts, with the US dollar and Bitcoin reaching new heights. The dollar surged approximately 1.5% against major currencies, including the British pound, euro, and Japanese yen, reflecting traders'......
In a pivotal moment for the UK, Chancellor Rachel Reeves is poised to unveil a Budget that promises significant tax increases, substantial borrowing, and ambitious spending initiatives. This Budget is not just a financial statement; it is a declaration of intent that aims to reshape the political landscape......
The European low-cost carrier Ryanair has announced a strategic expansion of its Moroccan network with a new route connecting the cultural hub of Marrakech to Birmingham, England, scheduled to commence in winter 2024. The airline will operate three weekly flights on this route, enhancing travel accessibility......
Morocco's economic landscape is experiencing significant transformation, marked by substantial foreign investments and ambitious infrastructure developments. The nation's strategic focus on automotive manufacturing and green hydrogen initiatives is reshaping its industrial sector, while preparations......
Morocco's butane gas imports have reached unprecedented levels in early 2024, with the United States emerging as the dominant supplier in this crucial energy market. During the first half of 2024, Morocco imported approximately 1.4 million tons of butane, signaling a significant uptick from the previous......
In a significant shift within Spain's real estate landscape, Moroccan nationals have emerged as the second-largest group of foreign property buyers during the first half of 2024. This development, reported by Spain's General Council of Notaries, marks a notable trend in cross-border real estate......
