Economy
Morocco has announced the launch of its first offshore wind farm, a 1,000-megawatt project set to be built near Essaouira. The landmark initiative, unveiled on June 10 during the Mediterranean Day at the UN Conference on Oceans (UNOC3) in Nice, marks a significant step in the country’s transition......
Sheikh Ammar Hamid Rashid Al Nuaimi, Crown Prince of the Emirate of Ajman, has launched a new investment initiative in Morocco by establishing a holding company named Frame Holding, according to Médias24. The new company is based on Jean Jaurès Street in Casablanca and was founded on April......
A proposed tunnel under the Strait of Gibraltar is drawing fresh attention as Morocco and Spain renew efforts to bridge their continents. Beyond the technical challenges, the project symbolizes a potential transformation in diplomacy, trade, and cultural integration between Europe and Africa. Reviving......
Economic experts in Morocco view China’s recent removal of customs duties on imports from African countries as a significant chance for Morocco to address its longstanding trade imbalance with China. Despite Morocco achieving record exports worth $1.3 billion to China last year, this amount remains......
Morocco’s industrial sector has achieved remarkable growth, with exports surpassing MAD 398 billion ($43.8 billion) in 2024, accounting for 88% of the country’s total exports. Minister of Industry Ryad Mezzour highlighted this achievement during a discussion session on “Macroeconomic......
Two prominent Moroccan banks, Attijariwafa Bank and Banque Centrale Populaire (BCP), have secured spots in the esteemed Forbes Global 2000 ranking of the world’s largest publicly traded companies for 2025. Attijariwafa Bank, under the leadership of CEO Mohamed El Kettani, ranks 979th globally,......
Morocco Strategic Minerals Corporation has announced significant discoveries from its recent sampling program at the BMR copper-gold property located southeast of Ouarzazate. The program, completed in May, focused on a prominent mineralized structure covering approximately 9 km². The BMR property......
Tesla has officially entered the Moroccan market by creating a local subsidiary headquartered in Casablanca. The move positions Morocco as a key hub for Tesla’s operations in North Africa and a launchpad for its broader ambitions across the African continent. The subsidiary, established on May......
Royal Air Maroc (RAM) is preparing to modernize and expand its fleet through a substantial deal with Boeing and a smaller order with Airbus, marking a transformative step for Morocco's national carrier. Boeing leads negotiations; Airbus returns after decades According to industry sources cited......
Morocco's construction powerhouses TGCC and SGTM have been awarded the second lot of the Grand Stade Hassan II project in Casablanca, a significant infrastructure initiative planned for Benslimane. The contract, valued at MAD 3.2 billion ($320 million), follows the conclusion of the tender process......
Morocco has emerged as the fourth most indebted country in Africa, with external debt reaching $45.65 billion in 2023, according to a report by the African Export-Import Bank (Afreximbank). The report, titled “State of Play of Debt Burden in Africa and the Caribbean," highlights Morocco’s......
The Spanish government has allocated a budget of €113,000 (approximately $129,000) to provide halal meals for Moroccan military personnel undergoing training at the state-owned Navantia shipbuilding company. This initiative ensures that the dietary needs of the Moroccan trainees align with Islamic......
Spanish media, including El Faro de Ceuta, have pointed out that Elon Musk's recently announced Dubai Loop bears a striking resemblance to the proposed underwater tunnel project intended to connect Spain and Morocco. In February, Musk unveiled the Dubai Loop, which aims to create an efficient transportation......
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