SGTM prepares Casablanca IPO to fund $3.4 billion construction boom
Moroccan construction giant SGTM is gearing up for an initial public offering (IPO) on the Casablanca Stock Exchange as it seeks funding to support a record-breaking $3.4 billion order book. The company, which has secured contracts worth MAD 34 billion as of September, aims to sustain its rapid expansion and capitalize on Morocco’s infrastructure......
Saudi Arabia strengthens ties with the US, paving the way for global investors
Saudi Arabia’s ambassador to the United States, Princess Reema bint Bandar, has described the relationship between Riyadh and Washington as the strongest it has ever been, urging global investors to view the Kingdom as a gateway to the Middle East. Speaking at the America Business Forum in Miami, she emphasized the transformation of......
Royal vision and strategic continuity: Key insights from Nasser Bourita’s interview on 2M
Morocco’s Minister of Foreign Affairs, Nasser Bourita, granted an exclusive interview to national broadcaster 2M following the United Nations Security Council’s decision to renew its endorsement of the Moroccan autonomy initiative as a credible foundation for a lasting political solution to the Moroccan Sahara issue. The resolution,......
Mark Carney apologises to Trump over Reagan-inspired anti-tariff ad as trade talks remain frozen
Canadian Prime Minister Mark Carney has issued a formal apology to former U.S. President Donald Trump regarding a controversial advertisement launched by Ontario's government. The ad, which quoted Ronald Reagan’s critique of tariffs, drew Trump’s ire but failed to restart the stalled trade negotiations between the two nations. Diplomatic......
China's Shenzhou 21 sets record with rapid docking and groundbreaking experiments
China has reached another milestone in space exploration as the Shenzhou 21 spacecraft docked with the Tiangong space station in a record 3.5 hours. This achievement highlights the nation’s growing expertise in orbital rendezvous and docking technology, a field where it continues to compete with the United States and Russia. A record-breaking......
Fewer than 60 world leaders to attend COP30 climate summit in Brazil
Brazil announced on Friday that only 57 heads of state and government have confirmed attendance at the COP30 climate summit, significantly fewer than the 75 leaders who participated in last year’s conference in Azerbaijan. The reduced turnout underscores the growing logistical and political challenges facing this landmark gathering in......
Russia deploys 170,000 troops in bid to seize key Ukrainian city
Russia has amassed approximately 170,000 soldiers in Ukraine's eastern Donetsk region for a large-scale offensive to capture the strategic city of Pokrovsk, Ukrainian President Volodymyr Zelensky revealed on Friday. This represents one of Moscow’s most significant troop deployments in a single area since the war began. “The......
Pirelli secures title sponsorship for British and Italian Grand Prix in 2026
Pirelli has officially announced its title sponsorship for the British Grand Prix at Silverstone and the Italian Grand Prix at Monza for the 2026 Formula 1 season. These iconic races, the longest-standing events in the championship’s 77-year history, will carry the tire manufacturer’s name during the July and September race weekends. The......
Morocco’s banking liquidity deficit rises to MAD 144.6 billion in late October
The Moroccan banking system faced a deepening liquidity deficit during the final week of October, with the gap widening by 5.19% to reach MAD 144.6 billion, according to BMCE Global Research’s “Fixed Income Weekly” report. This increase reflects the cautious approach taken by Bank Al-Maghrib in managing its liquidity interventions. Between......
Hirschmann Automotive expands in Morocco with new Oujda factory
Austria’s Hirschmann Automotive has officially opened a new factory in Oujda Technopole, located in Morocco’s Oriental region. The facility, spanning 22,200 square meters, is part of the “Cleantech” industrial acceleration zone and represents an investment of MAD 180 million. This marks the company’s second site......
CGEM 2025 barometer highlights progress in responsible governance among Moroccan companies
The General Confederation of Moroccan Enterprises (CGEM) has released the findings of its third Barometer of Responsible Governance, highlighting significant progress in corporate governance among Moroccan publicly listed companies. The announcement, made in Casablanca under the leadership of CGEM Vice President Mehdi Tazi, brought together......
Safi and Tangier join UNESCO’s creative cities network
Safi and Tangier have earned a prestigious spot on UNESCO’s Creative Cities Network, a global initiative recognizing urban centers that leverage cultural heritage and creativity for sustainable development. Announced on World Cities Day 2025, the inclusion of these two Moroccan cities highlights their cultural richness and economic potential. The......
Spanish government denies conflict with Morocco, criticizes Vox’s claims
The Spanish government has firmly dismissed allegations of conflict with Morocco, emphasizing the strong partnership between the two nations despite occasional disagreements. Officials criticized the far-right party Vox for perpetuating what they described as a “false narrative” of tensions and espionage. During a meeting of the......
Morocco’s tourism revenues hit MAD 100 billion in first nine months of 2025
Morocco is steadily affirming its position as one of the region’s premier travel destinations, with tourism revenues reaching MAD 100 billion in the first nine months of 2025. The country welcomed 15 million visitors during this period, signaling robust growth in the sector. Data from the Foreign Exchange Office reveals a 14.7% increase......
UN resolution marks a turning point for Sahara autonomy under Moroccan sovereignty
The United Nations Security Council's adoption of Resolution 2797 has reshaped the diplomatic landscape surrounding the Sahara dispute, delivering a significant blow to separatist ambitions supported by Algeria. With 11 votes in favor and three abstentions (Russia, China, and Pakistan), the resolution extends the mandate of the United......