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Economy
Morocco has solidified its status as a crucial trading partner for the European Union, with trade figures surpassing €60 billion ($65 billion) in 2024. This announcement was made by the Delegation of the European Union to Morocco during the International Agricultural Fair in Meknes (SIAM), highlighting......
Morocco’s Noor Ouarzazate III solar power plant has resumed electricity production following over a year of inactivity caused by a technical incident. The Moroccan Agency for Sustainable Energy (MASEN) confirmed this significant milestone, marking a crucial step in the nation's renewable energy......
Morocco is ramping up its road infrastructure projects to align with international standards as it prepares for the FIFA 2030 World Cup. The country currently boasts an extensive highway network spanning over 2,177 kilometers, as reported by Minister of Equipment and Water Nizar Baraka. During a recent......
Morocco is intensifying its efforts to diversify its gas resources, with plans to develop the first phase of a liquefied natural gas (LNG) terminal near Nador, a city in the east of the country. Energy Minister Leila Benali announced the government's commitment to initiating an action plan during......
Nigeria and Morocco are intensifying their collaboration to strengthen bilateral relations, particularly in the energy sector. The Kano state government has set its sights on attracting over $10 billion in investments from Morocco over the next five years, with a focus on renewable energy and the development......
Morocco has launched a comprehensive airport modernization program worth 28 billion dirhams as part of its "Airports 2030" vision, announced Minister of Transport and Logistics Abdessamad Kayouh during a parliamentary session in Rabat. The initiative centers on building a new international......
The Moroccan dirham has appreciated by 2.3% against the US dollar while experiencing a slight decline of 0.6% against the euro, as reported by Bank Al-Maghrib (BAM). This currency fluctuation indicates a brief period of strength for Morocco's national currency amidst ongoing financial adjustments. In......
Morocco’s Institute for Transport and Logistics Training (IFTL) has entered into a significant partnership with renowned researcher Professor Rachid Yazami to establish a specialized training program focused on electric vehicle batteries. This initiative is a key component of Morocco’s broader......
Casablanca, April 17, 2025 – The Société Centrale de Réassurance (SCR) has reached a pivotal milestone by adopting a new identity: Atlantic Re. This transformation is part of a strategic shift aimed at solidifying national leadership while accelerating regional expansion. A......
The Nigerian state of Kano has initiated a strategic financial framework with Morocco, aiming to attract over $10 billion in direct investments over the next five years. This collaboration will focus on renewable energy, structured agriculture, and mining development, following a high-level visit by......
Morocco has reaffirmed its position as the foremost country in Africa and the Arab world for intellectual property (IP) protection and innovation, ranking 22nd globally in the 2025 International IP Index with a score of 59.21. This represents a slight decline from its 2024 score of 62.76 out of 100. The......
Recent data from Eurostat reveals a significant increase in Morocco's pharmaceutical imports from the European Union in 2024, although the country’s exports to the EU remain limited. According to the statistics, Morocco imported €559 million worth of medical and pharmaceutical products......
The OCP Group, through its subsidiary OCP Green Water (OGW), has reached a pivotal milestone in its commitment to water sovereignty. OGW has successfully secured a financing package of 6 billion dirhams (approximately 620 million dollars), structured and placed by CDG Capital, a subsidiary of the Caisse......
