Economy
Morocco has emerged as Spain's largest natural gas customer, overtaking France, according to recent figures released by the Corporation of Strategic Reserves of Petroleum Products (Cores). Data highlighted by The Objective reveals that Morocco imported a staggering 9,703 gigawatt hours of natural......
Morocco boasts exceptional assets in the energy sector, stated Gérard Mestrallet, the special envoy of the French President for the India-Middle East-Europe economic corridor, during a meeting in Rabat on Thursday. Among these assets, Mestrallet highlighted “strong, consistent winds in......
From Madrid to Barcelona, Spain’s vibrant economy is evident in bustling restaurants, packed hotels, and a thriving service sector. Recognized by The Economist as the world’s best-performing economy in 2024, Spain’s success is attributed in part to a distinctive migration policy that......
Morocco is emerging as a key player in the automotive industry in Africa and the Mediterranean region, according to the Spanish daily Mundo Deportivo. The country has positioned itself as a major production and export hub, supplying vehicles to over 70 countries, including France, Spain, and Italy.......
In a speech delivered in Paris, Morocco’s Minister for Digital Transition and Public Administration Reform, Amal El Fallah Seghrouchni, invited Moroccan talents worldwide to join the Kingdom’s "momentum of dynamism and transformation." Highlighting the government's commitment......
Morocco's ambitious railway infrastructure development has taken a significant step forward as French construction company Colas secures three major contracts worth €430 million to expand the country's high-speed rail network between Kenitra and Marrakech. The project, aimed at enhancing......
In a tense session at the French National Assembly, Renault CEO Luca de Meo defended his 5.5 million euro compensation package while addressing concerns about the future of the company's former subsidiary, Fonderie de Bretagne. The hearing highlighted the stark contrast between executive pay and......
For the first time in its history, the Paris International Agricultural Show (SIA), scheduled from February 22 to March 2, will spotlight Morocco as its featured foreign guest, according to event organizers. During the event’s announcement, France’s Minister of Agriculture and Food Sovereignty......
The ambitious Xlinks Morocco-UK power project, set to become the world's longest subsea cable at 4,000 kilometers, is actively seeking political backing to secure its £24 billion ($29.9 billion) investment plan. The project aims to connect Moroccan renewable energy directly to British homes,......
Mohammed VI Polytechnic University (UM6P) has announced a strategic partnership with STATION F, a global startup campus supporting over 1,000 startups. This collaboration aims to foster innovation and bridge the gap between Europe and Africa through a program called NextAfrica. In a statement, UM6P......
AXA Assurance Maroc has announced the appointment of Gilles Fromageot as the new Chief Executive Officer of AXA Morocco and the AXA CIMA regions, which include operations in Cameroon, Côte d’Ivoire, Gabon, and Senegal. The appointment, pending regulatory approvals, is set to take effect on......
In a significant business migration trend, over 360 Spanish companies have relocated their production facilities to Morocco, according to a recent report by the Spanish Institute for Foreign Trade and Investment (ICEX). This strategic move appears to be driven by companies seeking to navigate European......
Rabat – Trade relations between Spain and Morocco continue to flourish, with recent data indicating a likely fourth consecutive year of record-breaking foreign trade between the two countries. Reports highlight Morocco's strong trade performance with Spain, emphasizing the robust bilateral......
