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Economy



Nauru's golden passport program struggles to attract buyers

For $105,000, individuals can secure citizenship in Nauru, a small island nation in Micronesia, Oceania. This "golden passport" initiative, launched on August 7, aims to trade citizenship for investments to combat climate change. However, the program has seen limited interest, with only six......

Morocco and UAE bolster innovation with industrial property agreement

Morocco and the United Arab Emirates (UAE) have taken a significant step to enhance their collaboration in fostering innovation and economic development by signing a memorandum of understanding (MoU) on industrial property rights. The agreement seeks to strengthen bilateral relations and facilitate knowledge......

Morocco’s raspberry exports to Middle East reach record highs

Morocco has achieved a significant milestone in its agricultural exports, with raspberry shipments to the Middle East hitting 700 tonnes just three months before the end of the 2024/2025 export season, according to EastFruit, an agricultural data platform. This surge highlights Morocco's growing......

Emirati prince expands economic presence in Morocco through new holding company

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......

Musk's Dubai loop sparks comparisons to Spain-Morocco underwater tunnel

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......

Morocco boosts power grid with $13 billion green energy plan ahead of 2030 World Cup

Morocco has unveiled a bold plan to more than double its power generation capacity by 2030, aligning energy goals with its upcoming role as co-host of the FIFA World Cup. The move signals a strategic pivot toward renewables as the country targets energy independence and sustainability. Energy Transition......

Morocco sets a new standard in water management for Africa

Morocco has established a groundbreaking civil engineering standard for Africa with the perforation of the Al Massira dam, addressing the urgent issue of water stress in the Marrakech region, as reported by the African Development Bank (AfDB). This unprecedented project serves as a model for effective......

Morocco and UAE sign $14 billion investment for water and energy transformation

Morocco has recently etched its name in the annals of economic history with an extraordinary $14 billion agreement with the United Arab Emirates. This landmark pact promises to significantly reshape the nation’s water and energy landscape, setting a course for sustainable infrastructure development......

Morocco and UAE forge $13 million energy and water partnership

Morocco is determined to address critical energy and water challenges, leading the way towards strong water and electricity sovereignty. A powerful consortium, including the Mohammed VI Investment Fund, TAQA Morocco, and NAREVA, has formalized three agreements with the Moroccan government and the National......

Morocco aims for stronger Arab representation in ICAO Council

In a significant move for regional aviation, the Arab Civil Aviation Organization (ACAO) has officially endorsed Morocco, among other Arab nations, as candidates for the International Civil Aviation Organization (ICAO) Council. This decision, made during an extraordinary general assembly in Rabat, also......

UAE invests in Morocco-Nigeria gas pipeline project

Following interest from the United States, the United Arab Emirates is reportedly set to co-fund a monumental $25 billion initiative to construct the Morocco-Nigeria gas pipeline. This ambitious project aims to enhance energy cooperation across Africa and establish Morocco as a pivotal regional hub for......

Strengthening economic ties: Morocco and UAE's growing partnership

The Moroccan Agency for Investment and Export Development (AMDIE) organized the “Morocco Now” Economic Day in Dubai, emphasizing the growing economic relationship between Morocco and the United Arab Emirates (UAE) under the theme “From Vision to Action: Morocco and the Emirates Charting......

Morocco's AMDIE earns top investment promotion award in MENA region

The Moroccan Agency for Investment and Export Development (AMDIE) has been honored as the Best Investment Promotion Agency in the MENA region during the Annual Investment Meeting (AIM 2025) held in Abu Dhabi. This recognition underscores AMDIE's significant role in promoting investment and exports......

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