The ambitious Spain-Morocco undersea tunnel project, designed to connect Morocco’s Tangier with Spain’s Algeciras through the Strait of Gibraltar, is estimated to carry a hefty price tag of €15 billion, as reported by Spanish newspaper La Razón. This monumental initiative is......
Morocco’s port sector is on the cusp of significant transformation with a strategic partnership aimed at improving maritime services at the Mediterranean port of Nador West Med. The consortium formed by Marsa Maroc and Boluda Towage France has secured a 20-year authorization to provide towage and......
The Director-General of the International Labour Organization (ILO), Gilbert F. Houngbo, expressed his approval of Morocco's recently adopted strike law during a statement in Geneva. This law, validated by the Constitutional Court, is seen as a significant advancement in the nation’s socio-economic......
The Office National des Chemins de Fer (ONCF) has awarded two construction contracts to the Italian company Generale Costruzioni Ferroviarie (GCF) for the extension of the high-speed rail line connecting Tangier and Kenitra to Marrakech. GCF will lead a consortium that includes its subsidiaries Transalpes......
The Casablanca Stock Exchange's main index, the MASI (Moroccan All Shares Index), experienced a remarkable surge of 20.19% in the first quarter of 2025, concluding at 17,756.02 points. This impressive performance is a continuation of a strong start to the year, marked by a 2.13% rise on the very......
The latest Forbes World’s Billionaires list reveals Morocco's rising economic stature, with three prominent figures making their mark among the 3,028 global billionaires. This year, Morocco ranks third in Africa for billionaire representation, trailing South Africa and Nigeria. Othman Benjelloun,......
Tamwilcom, Morocco’s state-owned financial institution, has reported impressive financial results for 2024, mobilizing a total of MAD 47.5 billion (approximately $4.75 billion) across 82,200 operations. This achievement includes commitments amounting to MAD 28 billion ($2.8 billion). In a notable......
X-Links President and former Tesco chief Dave Lewis has issued a stark warning regarding the future of a groundbreaking £25 billion renewable energy initiative linking Morocco and the UK. Due to ongoing government delays, Lewis indicated that investors may consider shifting the project to Germany......
Morocco's economy recorded a growth rate of 3.7% in the final quarter of 2024, a decline from the 4.2% achieved in the same period last year. This slowdown, reported by the High Commission for Planning (HCP), is attributed primarily to a downturn in agricultural output, while non-agricultural sectors......
The Danish home furnishings chain JYSK has chosen Morocco, specifically Casablanca, as the location for its inaugural store on the African continent. The company announced the simultaneous opening of two stores in the economic capital, as highlighted in a press release received by La Relève.......
Bank Al-Maghrib (BAM), Morocco’s central bank, has initiated a collaboration with the Moroccan Professional Group of Banks (GPBM) aimed at enhancing customer satisfaction within the banking sector. This decision stems from a noticeable increase in complaints regarding service quality at bank branches......
French company Alstom has announced its commitment to provide Morocco with approximately 18 high-speed trains of the "Avelia Horizon" model, as part of the kingdom's railway network expansion. In a statement released recently, Alstom, a global leader in sustainable smart transport, confirmed......
The National Judicial Police Brigade (BNPJ) has launched an investigation into suspicions of embezzlement involving public subsidies allocated to livestock importers. Despite the allocation of 13 billion dirhams intended to stabilize red meat prices, costs have continued to rise, raising concerns about......
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