Economy
In a significant diplomatic outreach, Morocco's ambitious Atlantic Initiative was showcased in Drummondville, Quebec, highlighting the kingdom's strategic vision for intercontinental cooperation. The event, part of the 5th Moroccan Cultural Day, underscored Morocco's pivotal role in fostering......
In a significant shift within Spain's real estate landscape, Moroccan nationals have emerged as the second-largest group of foreign property buyers during the first half of 2024. This development, reported by Spain's General Council of Notaries, marks a notable trend in cross-border real estate......
In a significant move towards economic revitalization and social advancement, King Mohammed VI of Morocco presided over a pivotal Council of Ministers meeting at the Royal Palace in Rabat. The gathering focused on the nation's 2025 Finance Bill, which outlines a comprehensive strategy to boost Morocco's......
In a landmark achievement for Morocco's financial landscape, Lamia Merzouki, Deputy CEO of Casablanca Finance City (CFC), has been elected President of the World Alliance of International Financial Centres (WAIFC). This significant development was announced during the WAIFC's Annual General Meeting......
Morocco aims to increase its vehicle production to one million units per year by 2025, up from the current 700,000, as part of its ambitious automotive industry growth strategy. During a recent media briefing at the 2024 Paris Motor Show, Carlos Tavares, CEO of Stellantis, praised the performance of......
Morocco's industrial sector has undergone a remarkable transformation over the past 25 years, positioning the country as a major player in global manufacturing and trade. Head of Government Aziz Akhannouch, speaking at the second edition of Morocco's National Industry Day, highlighted the nation's......
Morocco's business landscape is facing significant challenges, as revealed by a recent joint report from the World Bank and the Moroccan Observatory of Very Small, Small, and Medium Enterprises. The study, titled "Unleashing the Potential of the Moroccan Private Sector: An Analysis of Business......
Morocco is setting its sights on developing a robust shipbuilding industry as a cornerstone of its economic sovereignty strategy, according to a comprehensive report by the Economic, Social and Environmental Council (CESE). This strategic pivot comes as the nation seeks to strengthen its maritime capabilities......
Morocco is set to make a significant leap in its renewable energy capacity, with plans to double green power output in its southern provinces by 2027. This ambitious project, estimated at $2.1 billion, is part of the country's preparation to co-host the 2030 FIFA World Cup alongside Spain and Portugal. The......
The Casablanca Stock Exchange (CSE) has entered a new phase of leadership with the appointment of Brahim Benjelloun Touimi as Chairman of the Board of Directors. This strategic move, approved by the board on October 14, marks the beginning of a two-year term that promises to shape the future of Morocco's......
Air Arabia is set to enhance its European network with the launch of a new direct route connecting Fez, Morocco, to Milan-Bergamo, Italy. This strategic expansion, scheduled to commence on December 15, 2024, aims to bolster travel options for both tourists and business travelers between North Africa......
The annual AmCham Gala 2024 held in Casablanca highlighted the strategic partnership between Morocco and the United States. This year’s event celebrated the 20th anniversary of the Free Trade Agreement (FTA) between the two nations, showcasing their mutual commitment to enhancing economic relations. Minister......
The Morocco-Nigeria gas pipeline, launched in 2016, is making significant progress toward its realization, with the goal of enhancing Africa’s energy infrastructure and fostering regional integration through the export of Nigerian gas. The Economic Community of West African States (ECOWAS) is hosting......
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