Economy
Marsa Maroc has emerged as the selected concessionaire for Terminals 1 and 5 at the Port of Cotonou in Benin, following a rigorous international selection process managed by Benin Handling S.A. This decision represents a pivotal advancement in regional port management, allowing Marsa Maroc to extend......
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......
In a landmark transaction, the Moroccan government has sold its shares in the legendary Mamounia Hotel to the state-owned OCP Group for a sum of 1.7 billion dirhams ($173 million). This move signals a significant shift in ownership for Morocco's oldest and most illustrious hotel, celebrated globally......
Critical Mineral Resources (CMR), a UK-based mining company, has announced an exclusive option to acquire the Igli project, a high-grade silver and copper venture situated in the Anti-Atlas region of Morocco. This strategic acquisition marks a significant step for CMR as it expands its portfolio in one......
In a significant move to bolster its presence in the North African market, Renault Group has appointed Thibault Paland as the new Managing Director of Renault Commerce Morocco and Head of Dacia Maroc, effective July 1, 2024. This strategic decision underscores the French automaker's commitment to......
In a decisive move aimed at bolstering public health and economic stability, the Moroccan Ministry of Health and Social Protection has enacted a new decree to reduce the prices of over 100 medications. This policy change, documented as Decree No. 1447.24 and dated May 29, 2024, represents a significant......
In a landmark decision on Monday, the International Centre for Settlement of Investment Disputes (ICSID) dismissed the majority of claims brought by Corral Morocco Holding against the Moroccan state concerning the SAMIR oil refinery case. The ICSID awarded Corral a modest $150 million in compensation,......
In a display of remarkable economic fortitude, Morocco has emerged from the devastating Al-Haouz earthquake with its investor confidence largely unscathed, according to a recent report by the prestigious think tank Policy Center for the New South (PCNS). The September 8, 2023 earthquake, which registered......
The Moroccan storage company SOMAS has officially unveiled its fourth butane gas storage cavity in the rural commune of Mohammedia, located 87.1 kilometers from Casablanca. This ambitious project, which represents a significant investment of MAD 400 million ($40.9 million), has substantially boosted......
Moroccan companies are making significant inroads into the Spanish logistics sector, rapidly increasing their number of operational licenses in the country. This burgeoning activity has drawn the attention of media outlets in both Morocco and Spain, with some analysts forecasting a substantial shift......
Morocco's fertilizer exports to Brazil have experienced an unprecedented rise, catapulting the country to the position of the third largest supplier in June 2023. According to data from the Brazilian statistics agency, as reported by RIA Novosti, Morocco's exports surged by 2.3 times compared......
In a landmark development, Morocco has made its debut as a significant player in the global medical cannabis arena. The North African nation recently marked a historic milestone with its first legal export shipment of cannabis to Switzerland, positioning itself as a pivotal force in the rapidly expanding......
Morocco's Royal Atlantic Initiative Leads the Way in Revolutionary Development Throughout the Area Rabat: The Moroccan government has started an ambitious project to promote sustainable development throughout Atlantic Africa, strengthen regional collaboration, and spur economic progress. The plan......
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