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Economy
A recent American report has recognized Morocco as the leading African nation and ranked it 34th globally among the best countries for foreign entrepreneurs in 2025. This distinction highlights Morocco’s strategic geographical position bridging Africa, Europe, and the Atlantic Ocean, combined with......
Between 2022 and 2025, Morocco allocated more than MAD 100 billion (approximately $10 billion) to subsidize essential goods, as stated by Minister of Economy and Finance Nadia Fettah during a recent session at the Chamber of Counselors. This significant financial commitment aims to alleviate the burden......
Casablanca’s Technopark will come alive this Thursday, May 15, with innovation as it welcomes a new edition of Le Phare de l’Entrepreneuriat, a key event for young project leaders, startups, students, and innovation stakeholders in Morocco. Organized by ACCEDE Provence Entrepreneurs, a student......
Remittances from Moroccans residing abroad accounted for nearly a tenth of the country’s GDP At 5 a.m., Joulya Azmi zipped her suitcase shut for the last time in Bordeaux, France. The Franco-Moroccan nurse had spent nine years in France—slogging through night shifts, dodging microaggressions,......
Mining company Chariot Limited has announced its full reclamation of two significant offshore gas licenses in Morocco, following Energean plc's decision to divest its stake in the ventures. Energean has transferred its entire interest in the Lixus Offshore and Rissana Offshore licenses back to Chariot......
Spain has recently bolstered its financial commitment to the Casablanca desalination project, elevating the funding to €340 million, an increase of €100 million from the previous announcement in 2023. This move has sparked controversy, particularly from the Popular Party (PP), which has accused......
In a significant move towards sustainable development, the France Development Agency (AFD) and Morocco’s leading fertilizer producer, OCP, have solidified their collaboration by signing a €350 million financing agreement aimed at bolstering OCP’s ambitious green investment program. This......
Hassan Abkari, the former director general of Tanger Med Port Authority (TMPA), has officially liquidated the Spanish firm that was central to his dismissal. This development follows the revelation of his business activities in Valencia, prompting the closure of New Port Consulting 2024, a company he......
The Nigeria-Morocco gas pipeline project has achieved significant milestones, with crucial agreements signed and feasibility studies completed. This ambitious initiative aims to enhance energy access for approximately 400 million people across 13 countries, marking a transformative step in regional energy......
CIH Bank is poised to undertake a substantial financial maneuver, revealing plans to increase its capital by up to MAD 1.5 billion (approximately $161 million). This announcement comes ahead of an extraordinary general meeting scheduled for June 11, where shareholders will deliberate on the proposed......
Aya Gold & Silver has secured final approval from the European Bank for Reconstruction and Development (EBRD) for a $25 million secured credit facility. This funding will be directed towards the development of the Boumadine polymetallic project, enhancing the company's financial flexibility as......
Morocco is poised to dramatically elevate its exports to Egypt, with officials anticipating an increase from MAD 755 million ($75 million) to MAD 5 billion ($500 million) over the next three years. This ambitious goal emerges following a recent high-profile trade mission and symbolizes a new chapter......
A recent joint report from the Organization for Economic Cooperation and Development (OECD) and the European Union Intellectual Property Office (EUIPO) has revealed that Morocco ranks as the 24th largest source of counterfeit goods worldwide as of 2020. This ranking highlights a notable disparity between......
