Economy
Morocco’s Ministry of Energy Transition and Sustainable Development has officially issued the country's inaugural Energy Services Company (ESCO) license. This significant development is a direct result of Decree No. 2-24-153, which implements Law No. 47-09 on energy efficiency, as published......
Morocco has recently etched its name in the annals of economic history with an extraordinary $14 billion agreement with the United Arab Emirates. This landmark pact promises to significantly reshape the nation’s water and energy landscape, setting a course for sustainable infrastructure development......
The Chinese group Btr New Material Group Co., Ltd., a leading global manufacturer of battery materials, has officially announced its decision to establish a new strategic industrial site in Tangier. This choice underscores Morocco's significant role in the global landscape of advanced industries......
Morocco has secured the fourth position worldwide for Schengen visa applications in 2024, following only China, India, and Turkey in the global ranking, according to recent data. SchengenVisaInfo reveals that 11,716,723 Schengen visa applications were submitted to EU countries in 2024, marking a 13.5%......
Morocco is determined to address critical energy and water challenges, leading the way towards strong water and electricity sovereignty. A powerful consortium, including the Mohammed VI Investment Fund, TAQA Morocco, and NAREVA, has formalized three agreements with the Moroccan government and the National......
Morocco aims to export 3,000 vehicles yearly to the Egyptian market, according to Egypt-Morocco Business Council President Nizar Abu Ismail. This initiative is part of a comprehensive plan to rebalance trade between the two countries, he noted in an interview with Al Borsa News. Abu Ismail highlighted......
Around 30 Egyptian companies are planning to set up factories in Morocco over the next three years, as part of a broader strategy to expand Egypt’s investment footprint across North Africa. This initiative aims to leverage Morocco’s strategic geographic position near Europe and its network......
Morocco has emerged as a significant hub for large-scale Chinese investments in electric vehicle battery production, prompting critical discussions about its potential for genuine industrialization versus its position as a pawn in the geopolitical rivalry between China and the West. In a recent analysis......
Morocco’s co-hosting of the 2030 World Cup alongside Spain and Portugal is enhancing its stature on multiple fronts, particularly in business and trade. The United Kingdom has recently declared its intent to strengthen ties with Morocco, aiming to unlock significant business opportunities linked......
The European Bank for Reconstruction and Development (EBRD) has made a significant move to bolster green finance in Morocco by providing a €70 million loan to Bank of Africa (BOA). This strategic partnership, announced recently, aims to promote sustainable lending practices within the Moroccan private......
The International Fund for Agricultural Development (IFAD) has announced a renewed partnership with Bank Al-Maghrib, Morocco’s central bank, aimed at bolstering food security and supporting rural communities globally. This collaboration is underscored by the issuance of a $150 million sustainable......
Morocco’s largest banks are entering a promising phase as they prepare to capitalize on enhanced financial stability, according to a recent report by Fitch Ratings. The agency highlights that improved profitability, robust capital levels, and sound liquidity position the nation's top lenders......
Tanger Med Port Group has unveiled a bold strategy aimed at eliminating its carbon footprint while fostering sustainability among its operators, as announced at a recent industry event. During the International Transport and Logistics Exhibition for Africa and the Mediterranean (Logismed), Port Decarbonization......
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