Economy
Plans for a massive undersea cable factory in Scotland have been thrown into uncertainty after the UK government rejected a proposed £25 billion energy link between Morocco and Britain. The decision has forced XLCC, the British company behind the project, to pause construction of its high-voltage......
Chinese alloy manufacturer Boway has unveiled plans to construct a state-of-the-art production facility in Nador, Morocco, marking a major step in the company’s global expansion strategy. Headquartered in Zhejiang, China, Boway specializes in producing alloy materials such as copper, brass, bronze,......
For Moroccan businesses operating globally, whether exporting products to Europe, importing from South America, or freelancing for international clients, navigating traditional banking systems can be fraught with challenges. Outdated processes, hefty fees, and unfavorable exchange rates often hinder......
Chinese electric vehicle (EV) manufacturer Seres Group is set to launch one of Asia's largest tech IPOs of 2025, aiming to raise up to $1.7 billion in Hong Kong. The move underscores the company’s strategic partnership with Huawei and its ambitions to fund global expansion and technological......
Porsche AG has reported its first quarterly loss since becoming a publicly traded company, with an operating deficit of €967 million ($1.1 billion) for the third quarter of 2025. This dramatic downturn reflects the luxury automaker's costly strategic pivot on electric vehicles (EVs) and weak......
Morocco’s Minister of Foreign Affairs, Nasser Bourita, has urged Belgian businesses to seize investment opportunities in Morocco’s southern provinces, emphasizing the region’s potential as a hub for development and cooperation within Africa. Speaking at a joint press conference with......
German engineering group Masterflex has launched the construction of a new aerospace components factory within Morocco’s Midparc free trade zone near Casablanca, marking a major step in the company’s expansion into North Africa’s growing aviation industry. The groundbreaking ceremony,......
Morocco’s fruit export sector is undergoing a decisive shift. Once synonymous with strawberries, the country’s berry industry is now dominated by raspberries and blueberries, both driving record-breaking export seasons and signaling a long-term transformation in agricultural strategy. In......
Morocco solidified its position as a global aerospace hub at the 8th edition of Aerospace Meetings Casablanca, which concluded on October 2. The three-day summit, held in Nouaceur, Casablanca, drew over 1,000 participants and facilitated more than 4,500 business meetings, highlighting the nation’s......
Morocco’s renewable energy potential could meet up to 50% of the European Union’s electricity demand, according to Ryad Mezzour, Morocco’s Minister of Industry and Commerce. In an interview with Italian newspaper La Verità, Mezzour highlighted Morocco’s ability to mobilize......
In March 2025, Morocco launched an ambitious energy strategy under the Offre Maroc initiative, committing $35.15 billion (MAD 319 billion) to green hydrogen development across its southern provinces. This initiative aims to position the country as a global leader in green hydrogen production, targeting......
Morocco has imposed a temporary suspension on poultry imports from Portugal following the outbreak of a highly pathogenic bird flu virus (H5N1) near Lisbon. The decision, announced by the National Office for Food Safety (ONSSA), includes the ban of live poultry, eggs, meat, processed products, and animal......
If you live in Spain, opening an overseas bank account can offer significant financial benefits, such as holding different currencies and accessing higher savings rates. While maintaining a Spanish bank account is essential for paying bills and taxes, many residents are exploring foreign accounts to......
