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Economy


Viral Algerian Hazelnut Spread Faces EU Ban: A Tale of Popularity and Food Safety

In a surprising turn of events, a chocolate hazelnut spread from Algeria that recently took social media by storm has been barred from European Union markets due to food safety concerns. The product, known as 'El Mordjene' and produced by the Algerian brand Cebon, had become a sensation, particularly......

Ukraine's Power Grid Revival: EU's $39 Billion Loan to Rebuild Critical Infrastructure

In a significant move, the European Union has committed to providing Ukraine with a substantial loan of up to $39 billion to rebuild its power grid, which has been severely damaged by relentless Russian attacks. This financial support is part of a broader initiative by the Group of Seven (G7) nations......

Morocco Emerges as Top Watermelon Supplier to Spain and France in 2023

In a significant milestone for Morocco's agricultural sector, the country has solidified its position as the leading supplier of watermelons to both Spain and France in 2023. This achievement underscores Morocco's growing influence in the global market for fresh produce. According to recent......

Royal Air Maroc Faces Flight Disruptions Amid Paris-Orly Airport Technical Glitch

Morocco's national carrier, Royal Air Maroc (RAM), announced that eight of its flights were affected by a technical issue at Paris-Orly airport on September 5, 2024. The airline took to social media to inform passengers that the problem was beyond their control. "Several Royal Air Maroc flights......

Morocco's Atlantic Vision: Bridging Europe and Africa Through Economic Cooperation

Morocco is spearheading an ambitious initiative to reshape Europe-Africa relations, according to former French Member of the European Parliament Florence Kuntz. In a recent article published by Africapresse.paris, Kuntz highlighted King Mohammed VI's Atlantic initiative as a potential game-changer......

France Emerges as Leading Investor in Morocco Amid Strengthened Diplomatic Ties

In 2023, France has secured its position as the foremost foreign investor in Morocco, following a landmark decision to acknowledge Moroccan sovereignty over its southern provinces. This diplomatic shift is anticipated to invigorate bilateral cooperation, notably in trade and economic partnerships. Recent......

Morocco's Aerospace Sector Soars: Exports Projected to Hit $4 Billion by 2030

Morocco's aerospace industry is experiencing a remarkable ascent, with exports reaching $1.3 billion in the first half of 2024. This achievement positions the sector as the country's leading export performer. In an exclusive discussion with Asharq Business, Hamid El Andaloussi, president of......

France Emerges as Morocco's Top Investor in 2023, Signaling Strong Economic Ties

In a significant development for Morocco's economic landscape, France has secured its position as the leading investor in the North African kingdom for 2023. This revelation comes from a comprehensive report released by the Moroccan Exchange Office, shedding light on the country's balance of......

French Consortium Secures Contract to Expand Morocco's High-Speed Rail Network

Ambitious Project to Strengthen Morocco's Rail Connectivity and Economic Growth In a decisive move to enhance its transportation infrastructure, Morocco's National Office of Railways (ONCF) has awarded a significant contract to a consortium led by the French engineering firm Egis Rail, in partnership......

Transforming Morocco: 25 Years of Strategic Infrastructure Investment

Morocco's strategic focus on infrastructure over the past 25 years has been a cornerstone of its economic transformation and growth, according to a recent feature in the French geopolitical magazine, Revue Conflits. The article titled "Infrastructure and Economic Development: The Example of......

Morocco Secures €120 Million from AfDB for Climate and Governance Initiatives

In a significant move to bolster Morocco's economic stability and environmental resilience, the African Development Bank (AfDB) has approved a substantial financial package of €120 million. This funding, part of the initial phase of the Support Program for Governance and Climate Resilience,......

Air Arabia Expands Morocco-Europe Connectivity with Three New Direct Routes

In a notable expansion of its network, Air Arabia has unveiled plans to introduce three new direct routes connecting Morocco with Europe. This strategic move aims to enhance travel options between Moroccan cities and key European destinations. Starting October 28, travelers can look forward to a new......

Moroccan Cherry Tomatoes Supplier Challenges French Allegations

In recent months, European farmers have protested against the increasing presence of Moroccan tomatoes, which have gained popularity among consumers. The controversy has escalated into a significant dispute, with Azura, a leading supplier of Moroccan cherry tomatoes to European markets, accusing French......