Anthropic reaches record valuation after massive new funding round
AI startup Anthropic has secured a $65 billion Series H funding round at a post-money valuation of $965 billion, becoming the world’s most valuable artificial intelligence startup and overtaking rival OpenAI. The financing marks one of the largest private capital raises ever completed by a technology company and reflects the accelerating......
Ferrari pushes ahead with Luce EV despite fierce public backlash
Ferrari’s first fully electric vehicle has triggered sharp criticism from investors and longtime enthusiasts just days after its unveiling in Rome, yet company executives insist demand remains strong and customers are already placing deposits. The new model, called Luce, marks a major shift for the Italian luxury automaker as it enters......
Blue Origin rocket explodes during engine test at Cape Canaveral
A Blue Origin New Glenn rocket exploded during an engine static fire test Thursday night at Cape Canaveral Space Force Station in Florida, sending a massive fireball into the night sky and shaking nearby residential areas. No injuries were reported after the incident, which occurred around 9 p.m. at Launch Complex 36. Residents in Cape Canaveral......
Morocco records strong rise in new business registrations during 2026
Morocco registered 25,520 new businesses during the first quarter of 2026, reflecting sustained entrepreneurial activity across trade, construction, and service sectors. Data released by the Moroccan Office of Industrial and Commercial Property showed that corporate entities continued to dominate the country’s business creation landscape......
Danish delegation targets Agadir for agricultural technology partnerships
A Danish agro-industrial delegation will travel to Agadir in early June as Denmark seeks to expand its presence in Morocco’s agriculture and food-processing sectors. The visit reflects growing European interest in Morocco’s farm economy as the country confronts drought, water shortages, and rising pressure on food systems. The......
Morocco's Kenitra-Marrakech high-speed rail line reaches 30% completion, due in 2029
Morocco's Kenitra-Marrakech high-speed rail line has surpassed 30% completion, with the project remaining on schedule for delivery in September 2029, according to the country's Minister of Transport and Logistics, Abdessamad Kayouh. The minister delivered the update before the House of Representatives during a parliamentary session......
Managem acquires full stake in Sound Energy Meridja, raising Tendrara hold to 75%
Moroccan mining group Managem has signed a binding agreement to purchase 100% of Sound Energy Meridja Limited (SEML), the vehicle through which UK-listed Sound Energy Plc held its residual 20% interest in the Tendrara gas concession in eastern Morocco. The $57 million deal marks Sound Energy's complete withdrawal from one of Morocco's......
Chinese medical firm breaks ground on first African factory in Morocco
Chinese medical technology company Jiangsu Aishelun Medical Technology Group has begun construction of its first manufacturing facility on the African continent, located at Mohammed VI Tanger Tech City in northern Morocco. The project is being developed through the company's Moroccan subsidiary, InnovMed Tech Group, and was formally launched......
Crédit du Maroc posts 37% profit surge in first quarter 2026
Crédit du Maroc delivered a strong financial performance in the first quarter of 2026, with its consolidated net income attributable to the group climbing 37.2% year-on-year to reach 272 million dirhams, up from 198 million dirhams during the same period in 2025. The results, reviewed by the Supervisory Board on May 14, 2026 under the......
Search operations continue off Morocco after two French nationals go missing at sea
Moroccan maritime authorities have mobilized search and rescue resources off the country's coast following the disappearance of two French nationals who were sailing aboard a catamaran. The vessel lost contact with shore, triggering an emergency response that remains active as rescuers work to locate the two sailors and determine the circumstances......
FIAT Maroc signs major sponsorship deal with Wydad Athletic Club
FIAT Maroc has formalized a strategic partnership with Wydad Athletic Club (WAC), one of Morocco's most popular football institutions, in a signing ceremony held in Casablanca on May 25, 2026. The agreement marks a significant move by the Italian automaker to deepen its commercial footprint in Morocco by aligning with a club that commands......
Food safety risks during Eid Al Adha surge as Morocco heat wave intensifies
Health authorities in Morocco are urging families to exercise heightened caution when handling and storing meat during Eid Al Adha, which this year coincides with an intense heat wave affecting multiple regions of the country. The combination of large-scale ritual slaughter, mass food preparation, and elevated temperatures creates conditions......
Morocco issues orange alert as heat wave pushes temperatures to 44°C across multiple provinces
Morocco is bracing for an intense heat episode set to grip numerous provinces from Tuesday through Friday. The country's General Directorate of Meteorology issued an orange-level weather alert in response to a sharp rise in temperatures forecast across much of the country. Southern provinces face the most extreme conditions, with maximum......
Morocco's cement sales surge 31.8% in April, signaling construction rebound
Morocco's cement sector posted a sharp recovery in April 2026, with sales climbing 31.8% compared to the same month a year earlier, according to data released by the Directorate of Financial Studies and Forecasts (DEPF). The figure marks a return to the growth pace recorded during the equivalent period in 2025 and serves as a closely watched......
Morocco's air traffic surges 17.8% in March 2026, led by African and American routes
Morocco's air transport sector posted a 17.8% increase in passenger traffic in March 2026, a sharp acceleration compared to the 9.8% growth recorded during the same month a year earlier. The figures, released by the Directorate of Studies and Financial Forecasts, confirm that the country's aviation sector is sustaining a robust expansion......