Economy
La Société Générale des Travaux du Maroc (SGTM), a leading Moroccan construction and infrastructure group, has officially received approval from the Moroccan Capital Market Authority (AMMC) to launch its highly anticipated initial public offering (IPO) on the Casablanca Stock......
Fouzi Lekjaa, Morocco’s Minister Delegate in charge of the Budget, has cautioned against sharp increases in taxes on nicotine products, including electronic cigarettes, warning that such measures could have unintended consequences. Speaking about the government’s tax strategy, Lekjaa emphasized......
The Spanish gaming group Circa, known for its online gaming platforms and physical slot-machine operations, has finalized an agreement to acquire 50% of the historic Casino de Marrakech, located within the prestigious La Mamounia Hotel. This major move fits into the company's broader expansion strategy,......
Morocco is set to receive its inaugural shipment of 6,457 steel rails from China for the Kenitra-Marrakech high-speed railway project. The 36-meter-long rails, weighing 13,000 tons, departed from Bayuquan Port in China’s Liaoning Province on November 15, marking the first delivery under a major......
EKTAR, a leading Moroccan real estate investment firm, has successfully raised over MAD 1 billion ($100 million) in its inaugural fundraising round, partnering with family offices and institutional investors. The funds will be used to develop a premium residential project featuring ELIE SAAB-branded......
Morocco's Competition Council has unveiled its seventh quarterly report on the wholesale fuel market, analyzing the performance of nine major distributors during the second quarter of 2025. The report highlights key trends in import volumes, pricing, storage capacities, and gross margins across gasoil......
Amid mounting climate challenges and dwindling water reserves, Morocco is accelerating its desalination strategy to meet rising demands and ensure a sustainable water supply. This shift is driven by an ambitious plan to double investments in desalination by 2033, leveraging advanced technology and renewable......
Transavia has officially inaugurated its first flight connecting Amsterdam and Rabat, marking a significant milestone in the Dutch airline’s expansion into North Africa. The inaugural flight, which departed from Amsterdam's Schiphol Airport, was attended by Transavia CEO Marcel de Nooijer and......
Morocco has emerged as one of the leading markets for renewable energy investment in the Arab region, according to a recent report by the Arab Investment and Export Credit Guarantee Corporation (Dhaman). The study, which spans the period from 2003 to 2024, highlights the country's consistent performance......
Bank of Africa has unveiled two exclusive, limited-edition bank cards featuring Moroccan football star Brahim Diaz ahead of the highly anticipated Africa Cup of Nations (AFCON) 2025. The tournament, taking place in Morocco from December 21, 2025, to January 18, 2026, marks the first time the country......
Morocco’s National Airports Office (ONDA) has announced a sweeping overhaul of the country’s air navigation system under its Airports 2030 strategy. This initiative aims to equip Morocco with a cutting-edge, resilient air traffic management system that aligns with the highest international......
Morocco is steadily positioning itself as a future leader in aquaculture across the region, leveraging strong political will, strategic investments, and a forward-looking vision for the blue economy, according to a recent World Bank report. The international financial institution praised Morocco’s......
The Port of Cadiz has reestablished regular maritime connections with Morocco after an 11-year hiatus, a major step in revitalizing cross-strait trade and cooperation. This milestone marks a turning point in the port's strategic expansion plan, which aims to strengthen ties with both Morocco and......
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