Economy
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......
In a move to strengthen regional ties and boost tourism, Royal Air Maroc (RAM) has announced the resumption of air services between the cities of Rabat and Laayoune. The airline will now offer two flights per week on this route, providing enhanced connectivity for travelers. The inaugural flight on......
Morocco's poultry industry is bracing for a significant price surge in the coming days, sparking concerns among farmers and consumers alike. According to reports, the anticipated spike in chicken prices is drawing attention to the ongoing tensions between poultry farmers and suspected market speculators. The......
Morocco has emerged as a pivotal player in addressing the crucial issue of food security across the African continent. Driven by the visionary leadership of King Mohammed VI, the Kingdom's multifaceted approach combines strategic initiatives, innovative partnerships, and a deep commitment to fostering......
Morocco has taken a significant step forward in modernizing its public transportation system, with taxi drivers across the country now equipped with innovative digital tablets that are revolutionizing the taxi experience. The company behind this transformation is Itechia, which recently launched the......
Ryanair, the European low-cost carrier, has made a significant move in strengthening its foothold in Morocco by officially opening a new base in the city of Tangier. This latest development marks the airline's fourth operational base within the North African country, representing a $200 million investment......
In an era where infrastructure serves as the backbone of socio-economic development, Morocco has embarked on a transformative journey with the ambitious Tiznit-Dakhla expressway project. Launched by His Majesty King Mohammed VI to commemorate the 40th anniversary of the Green March, this monumental endeavor......
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