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Economy
Holmarcom Group and the International Finance Corporation (IFC) have successfully established a strategic partnership, marking IFC's acquisition of an 18.62% minority stake in Holmarcom Finance Company (HFC) for MAD 1.35 billion ($135 million). This collaboration comes on the heels of Holmarcom’s......
A recent investigation by StreetPress has highlighted the alarming exploitation of Moroccan agricultural workers in the Lot-et-Garonne region of southwestern France. This report exposes the harsh realities faced by these workers, who were reportedly charged €14,000 each for seasonal work contracts......
China has firmly declared it will “fight to the end” in response to a new 50 percent tariff proposed by U.S. President Donald Trump, escalating an already intense trade conflict that has shaken global financial markets and triggered fears of an international recession. Despite recent market......
In a recent interview with The Korea Times, Chafik Rachadi, Morocco’s ambassador to South Korea, highlighted the deepening economic relations between Rabat and Seoul, underscored by a landmark $1.5 billion agreement between Morocco’s national railway operator (ONCF) and Hyundai Rotem. Ambassador......
The European Union (EU) is preparing to implement targeted countermeasures against U.S. President Donald Trump's tariffs, which could affect up to $28 billion worth of U.S. imports, ranging from dental floss to diamonds. This step follows actions taken by China and Canada, marking an early escalation......
Global concern mounted after U.S. President Donald Trump unveiled sweeping tariffs, sparking fears of a global recession and sharply higher prices in the American market. Financial markets around the world plunged in response, while leaders from major economies criticized the move as a blow to decades......
The Moroccan Minister of Energy Transition and Sustainable Development, Leila Benali, recently led a virtual meeting to discuss the progress of technical and economic studies related to the Morocco-France electrical interconnection project. This initiative is part of a strategic partnership aimed at......
French company Alstom has announced its commitment to provide Morocco with approximately 18 high-speed trains of the "Avelia Horizon" model, as part of the kingdom's railway network expansion. In a statement released recently, Alstom, a global leader in sustainable smart transport, confirmed......
Morocco is currently maneuvering through a landscape marked by diplomatic and trade challenges, amidst a backdrop of global economic uncertainty. The year 2025 unfolds with apprehensions regarding international trade, particularly as the U.S. administration under President Trump signals potential tariffs......
Moroccan traditional handicrafts exports saw significant growth in 2025, with a 27% increase in the first two months of the year compared to the same period in 2024, totaling exports exceeding 231 million dirhams. This growth trend was particularly strong in January 2025, which saw a 31% increase compared......
As Europe reshapes its supply chains to enhance resilience, Morocco is establishing itself as an indispensable strategic pivot. Its geographical proximity, coupled with a steadily diversifying economy, positions it as a preferred partner for a continent seeking reliable alternatives to distant and fragile......
European wine and Champagne producers are preparing for significant financial strain due to a looming 200% tariff on their exports to the United States. The threat follows the European Union's 50% tariff on American whiskey, which is set to take effect on April 1 as a retaliatory measure against......
Amid escalating tensions in the agricultural sector, Morocco and France are set to formalize a bilateral agreement aimed at regulating the tomato market to ensure fair competition. This agreement, anticipated to be signed in mid-March, is a response to ongoing complaints from French producers who argue......
