Economy
Arkebe Oqubay, a renowned architect, urban planner, and former Senior Minister and Advisor to the Prime Minister of Ethiopia, recently shared his insights on the opportunities and challenges facing the African continent. According to Oqubay, Africa is a demographic powerhouse, with rapid population......
Société Générale Maroc has announced nearly stable financial results as of September 30, 2024. Despite slight contractions in certain areas, the bank has demonstrated resilience and growth in key financial indicators. Credit and Deposits Performance As of the......
Chinese President Xi Jinping has reaffirmed China’s commitment to strengthening bilateral ties with Morocco, underscoring the North African country's pivotal role in advancing the Belt and Road Initiative (BRI). This follows a brief but significant visit by President Xi to Casablanca, where......
Kenitra-Marrakech LGV Project Advances with Gezhouba's Viaduct Deal Morocco's ambitious high-speed rail project connecting Kenitra to Marrakech has taken a significant step forward. The China-based Gezhouba Group has secured a MAD 2.32 billion ($225 million) contract to construct critical viaducts......
Morocco’s cooperation with China under the Belt and Road Initiative (BRI) is set to thrive, with both nations poised to leverage key strategic advantages, according to Abdelkader El Ansari, Morocco's Ambassador to China. In a recent interview with China Daily, El Ansari emphasized Morocco’s......
MP Industry Group, a Romanian automotive supplier, officially inaugurated its first factory in Morocco on Friday, marking a significant milestone in the country's automotive sector. Situated within Tanger Automotive City (TAC), the new facility is a testament to Morocco's growing appeal as a......
Sonasid, Morocco’s leading steel producer, has announced a 5% rise in sales, reaching MAD 3.704 billion by the end of September 2024. This growth is attributed to a 12% increase in sales volumes over the first nine months of the year, reflecting the company's effective strategies and investments. A......
His Majesty King Mohammed VI has long praised the Nigeria-Morocco gas pipeline, emphasizing its potential to foster African development and improve the living standards of the continent’s population. Morocco is set to begin the process of launching tenders for the pipeline in 2025, marking a significant......
Viatris, the US-based pharmaceutical corporation, has been fined $760,000 by Moroccan regulators for failing to inform them about its merger. The fine, which amounts to 2.5% of the company's revenue in Morocco for the previous year, highlights the country's commitment to enforcing its antitrust......
Royal Air Maroc (RAM) celebrated a key milestone today as its latest Boeing 787-9 Dreamliner touched down at Casablanca’s Mohammed V Airport. The arrival of the aircraft, welcomed with a ceremonial water salute, underscores RAM’s commitment to strengthening its global presence. This addition......
Morocco is intensifying efforts to solidify its position as a prime investment destination by targeting key Asian markets. From November 25 to 29, Karim Zidane, Morocco’s Minister of Investment, is leading a delegation to Japan and South Korea to attract foreign investment and foster economic collaboration. This......
Olive oil, a cornerstone of Moroccan cuisine, has long been valued for its rich flavor and numerous health benefits. For centuries, it has been an essential ingredient in the daily diets of Moroccans, contributing to the distinctive tastes of traditional dishes and offering valuable nutrients. However,......
Morocco’s pursuit of becoming a key hub for foreign investment continues to gain momentum, fueled by the vision of His Majesty King Mohammed VI. The country has remained committed to a series of strategic reforms designed to enhance its attractiveness to investors, emphasizing sustainable growth......
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