Economy
Morocco has witnessed an impressive surge in entrepreneurial activity, with over 61,000 new businesses established by August 2024, according to the Moroccan Office of Industrial and Commercial Property (OMPIC). The report highlights a remarkable growth in the business landscape, with a total of 61,178......
In November 2024, Morocco marked a significant milestone in its wheat procurement strategy by importing 222,000 tons of wheat from Russia. This represents a substantial increase compared to the 119,000 tons imported during the same period the previous year. This shift highlights Morocco's growing......
Morocco has reinforced its diplomatic leadership on the global stage during the Annual Summit of the International Forum of Sovereign Wealth Funds (IFSWF), held in Muscat from November 3 to 6. With the renewed presidency of Ithmar Capital on the Board of Directors for a second three-year term, the Kingdom......
The growing collaboration between Morocco and Russia, particularly in the fields of agriculture and fisheries, highlights the strategic convergence of interests between the two nations. This partnership, which began in 2020, has been gradually evolving and now includes the extension of cooperation in......
Arkebe Oqubay, a renowned architect, urban planner, and former Senior Minister and Advisor to the Prime Minister of Ethiopia, recently shared his insights on the opportunities and challenges facing the African continent. According to Oqubay, Africa is a demographic powerhouse, with rapid population......
Société Générale Maroc has announced nearly stable financial results as of September 30, 2024. Despite slight contractions in certain areas, the bank has demonstrated resilience and growth in key financial indicators. Credit and Deposits Performance As of the......
Chinese President Xi Jinping has reaffirmed China’s commitment to strengthening bilateral ties with Morocco, underscoring the North African country's pivotal role in advancing the Belt and Road Initiative (BRI). This follows a brief but significant visit by President Xi to Casablanca, where......
Kenitra-Marrakech LGV Project Advances with Gezhouba's Viaduct Deal Morocco's ambitious high-speed rail project connecting Kenitra to Marrakech has taken a significant step forward. The China-based Gezhouba Group has secured a MAD 2.32 billion ($225 million) contract to construct critical viaducts......
Morocco’s cooperation with China under the Belt and Road Initiative (BRI) is set to thrive, with both nations poised to leverage key strategic advantages, according to Abdelkader El Ansari, Morocco's Ambassador to China. In a recent interview with China Daily, El Ansari emphasized Morocco’s......
MP Industry Group, a Romanian automotive supplier, officially inaugurated its first factory in Morocco on Friday, marking a significant milestone in the country's automotive sector. Situated within Tanger Automotive City (TAC), the new facility is a testament to Morocco's growing appeal as a......
Sonasid, Morocco’s leading steel producer, has announced a 5% rise in sales, reaching MAD 3.704 billion by the end of September 2024. This growth is attributed to a 12% increase in sales volumes over the first nine months of the year, reflecting the company's effective strategies and investments. A......
His Majesty King Mohammed VI has long praised the Nigeria-Morocco gas pipeline, emphasizing its potential to foster African development and improve the living standards of the continent’s population. Morocco is set to begin the process of launching tenders for the pipeline in 2025, marking a significant......
Viatris, the US-based pharmaceutical corporation, has been fined $760,000 by Moroccan regulators for failing to inform them about its merger. The fine, which amounts to 2.5% of the company's revenue in Morocco for the previous year, highlights the country's commitment to enforcing its antitrust......
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