Economy
Morocco's aerospace industry is experiencing a remarkable ascent, with exports reaching $1.3 billion in the first half of 2024. This achievement positions the sector as the country's leading export performer. In an exclusive discussion with Asharq Business, Hamid El Andaloussi, president of......
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......
Ambitious Project to Strengthen Morocco's Rail Connectivity and Economic Growth In a decisive move to enhance its transportation infrastructure, Morocco's National Office of Railways (ONCF) has awarded a significant contract to a consortium led by the French engineering firm Egis Rail, in partnership......
Morocco's strategic focus on infrastructure over the past 25 years has been a cornerstone of its economic transformation and growth, according to a recent feature in the French geopolitical magazine, Revue Conflits. The article titled "Infrastructure and Economic Development: The Example of......
In a significant move to bolster Morocco's economic stability and environmental resilience, the African Development Bank (AfDB) has approved a substantial financial package of €120 million. This funding, part of the initial phase of the Support Program for Governance and Climate Resilience,......
In a notable expansion of its network, Air Arabia has unveiled plans to introduce three new direct routes connecting Morocco with Europe. This strategic move aims to enhance travel options between Moroccan cities and key European destinations. Starting October 28, travelers can look forward to a new......
In recent months, European farmers have protested against the increasing presence of Moroccan tomatoes, which have gained popularity among consumers. The controversy has escalated into a significant dispute, with Azura, a leading supplier of Moroccan cherry tomatoes to European markets, accusing French......
In a significant development that underscores the changing dynamics of the African banking sector, Morocco's Competition Council has given the green light for Saham Finances to acquire a controlling stake in Societe Generale Marocaine de Banques. This move, valued at over 8 billion Moroccan dirhams......
As the early Moroccan fruit and vegetable season draws to a close, industry insiders report a complex landscape of challenges and opportunities that have shaped this year's export performance. Despite facing numerous obstacles, including European farmer strikes, unpredictable weather patterns, and......
In a move aimed at facilitating the internationalization of French companies towards the Maghreb region, the public investment bank Bpifrance has announced the launch of a dedicated fund, following a promise made by President Emmanuel Macron. This initiative underscores the government's commitment......
In a significant development for European-Moroccan trade relations, Spain has solidified its position as the leading exporter from the European Union to Morocco in 2023. According to the latest figures from the Spanish Embassy in Rabat, Spain commanded an impressive 36.8% of the EU's total exports......
Airbus, the aerospace behemoth, is embarking on a bold venture to bolster its manufacturing capabilities by tapping into Morocco's burgeoning aerospace sector. This strategic pivot signals Morocco's ascent as a formidable contender in the global aerospace arena. During a visit to the Airbus......
Morocco's commitment to sustainable energy receives a significant boost as Tarik Moufaddal assumes the role of Chief Executive Officer at the Moroccan Agency for Sustainable Energy (MASEN). Moufaddal's appointment, endorsed during a ministerial council led by King Mohammed VI in Casablanca, marks......
