Economy
In a transformative move for Morocco’s energy sector, the Managem Group, an eminent Moroccan mining enterprise, has broadened its horizons by acquiring Sound Energy Morocco East Ltd. This acquisition signifies a pivotal expansion into the upstream natural gas market, underscoring the escalating......
Amidst a prolonged drought and a significant rain deficit over the past five seasons, the Moroccan National Office of Electricity and Drinking Water (ONEE) has issued a fervent call for the judicious use of drinking water during the upcoming Eid Al Adha festivities. The observance of Eid Al Adha, set......
In a financial transaction worth 307 million Moroccan dirhams, Compagnie de Transports au Maroc (CTM) has secured a 51% stake in Africa Morocco Link (AML), bolstering its position in the multimodal transport sector. CTM confirmed today, June 14, 2024, that it has acquired all the shares previously held......
Survey Attributes Lingering Financial Strain to Post-Pandemic Challenges In a recent survey conducted by the Arab Barometer, only one-third of Moroccans expressed optimism about their country's economic situation. The survey, which took place from December 2023 to January 2024, highlights the enduring......
In a stark reality unveiled by the World Economic Forum's Global Gender Gap Report, Morocco finds itself entrenched among the bottom echelons, occupying the 137th position out of 146 nations evaluated. This disheartening ranking places the North African nation in the company of countries grappling......
The sun-drenched nation of Morocco is embarking on an ambitious €84 million initiative to revitalize its forests, watersheds, and rural communities. Approved by the African Development Bank, this sweeping "Inclusive and Sustainable Development Project for Forest Areas" aims to bolster......
In a move aimed at facilitating the internationalization of French companies towards the Maghreb region, the public investment bank Bpifrance has announced the launch of a dedicated fund, following a promise made by President Emmanuel Macron. This initiative underscores the government's commitment......
Economists Highlight Infrastructure and Workforce as Key Catalysts In a remarkable economic milestone, Morocco's net flow of foreign direct investment (FDI) soared to MAD 13.1 billion (approximately $1.34 billion) by the close of April, reflecting a substantial 48.6% increase compared to the same......
In a significant development for European-Moroccan trade relations, Spain has solidified its position as the leading exporter from the European Union to Morocco in 2023. According to the latest figures from the Spanish Embassy in Rabat, Spain commanded an impressive 36.8% of the EU's total exports......
Morocco's premier port defies global disruptions, sets sights on new milestones. In a year marked by global supply chain turbulence and security concerns, Morocco's Tanger Med Port is not just weathering the storm but thriving. The port is set to exceed its nominal processing capacity of nine......
"Spain respects Morocco much more and considers it as an important partner, given the figures and the evolution of the country." In an exclusive interview with *Atalayar* during the 10th Hispano-Moroccan Meeting on the Sea, Transport, and Logistics, José Estévez, President of......
The wholesale trade sector demonstrated overall stability during the first quarter (Q1), according to the latest figures from a survey conducted by the High Commission for Planning (HCP). Forty-seven percent of business leaders reported steady sales in the domestic market, while 29% experienced a decline. This......
In a significant diplomatic gesture, Comoros President Azali Assoumani has extended his heartfelt thanks to Morocco for its invaluable support in facilitating Comoros’ accession to the World Trade Organization (WTO). This milestone, achieved in February, marks a pivotal moment in Comoros’......
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