In 2024, global crude oil exports experienced a 2% decline, marking the first decrease since the COVID-19 pandemic, according to shipping data. This reduction is attributed to slower demand growth and significant changes in refinery operations and pipeline routes. The global oil market has faced disruptions......
A groundbreaking joint venture between Morocco and the United Arab Emirates is set to revolutionize the renewable energy landscape, with a massive $25 billion investment in green hydrogen and ammonia production in Dakhla, southern Morocco. Strategic Investment Overview The renewable energy company......
Morocco's parliament is taking bold steps toward modernizing its tax system through a comprehensive Finance Bill that targets consumable goods with significant public health implications. The proposed legislation, discussed in a recent ministerial council session led by King Mohammad VI, aims to......
Morocco's economic landscape is experiencing significant transformation, marked by substantial foreign investments and ambitious infrastructure developments. The nation's strategic focus on automotive manufacturing and green hydrogen initiatives is reshaping its industrial sector, while preparations......
In recent years, Dubai has emerged as a beacon for the world's wealthy, attracting a significant influx of high-net-worth individuals and businesses. This surge in popularity, reminiscent of London's Chelsea district in its heyday, has positioned the emirate as a prime destination for global......
Rabat, Morocco's capital, has entered a new phase of retail development with the grand opening of Le Carrousel mall. This state-of-the-art shopping complex, representing an investment of over 600 million Moroccan dirhams (approximately $61.45 million), promises to transform the city's commercial......
Anas Guennoun, a seasoned investment banker and co-founder of West Capital Partners, has been named the new Chairman of the Morocco-United Arab Emirates Business Council under the Confédération générale des entreprises du Maroc (CGEM). This appointment marks a significant......
Egypt currently holds the distinction of having the highest interest rates among all Arab nations, with a staggering 27.25% set by its central bank. This monetary policy decision reflects Egypt's aggressive strategy to attract foreign investment in treasury bonds and bills, particularly in response......
Morocco continues to strengthen its energy security by importing Russian natural gas, showcasing a strategic approach to its energy needs. Despite global geopolitical tensions and sanctions against Russia, the kingdom has maintained a steady supply of liquefied natural gas (LNG) from the country for......
In a remarkable development, trade between Morocco and Israel has skyrocketed in 2024, reaching unprecedented levels despite the ongoing conflict in Gaza. This economic boom, facilitated by the 2020 Abraham Accords, has sparked critical debates about the implications of deepening economic ties amidst......
In 2023, France has secured its position as the foremost foreign investor in Morocco, following a landmark decision to acknowledge Moroccan sovereignty over its southern provinces. This diplomatic shift is anticipated to invigorate bilateral cooperation, notably in trade and economic partnerships. Recent......
In a significant development for Morocco's economic landscape, France has secured its position as the leading investor in the North African kingdom for 2023. This revelation comes from a comprehensive report released by the Moroccan Exchange Office, shedding light on the country's balance of......
In a landmark development, Morocco and the United Arab Emirates (UAE) have concluded negotiations for a comprehensive economic partnership agreement (CEPA), setting the stage for a new era of bilateral economic cooperation. Officials announced the finalization of the agreement's provisions on Monday,......
