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Keywords: Development


Morocco's creative industries aim for 5% GDP contribution by 2030

The Moroccan Forum of Cultural and Creative Industries (FOMICC) opened in Rabat for its third edition, showcasing the growing cultural sector's ambition to play a pivotal role in the national economy. Running from December 11 to 14 at the National Institute of Music and Choreographic Arts (INSMAC),......

EBRD deepens ties with Morocco, unveils €50 million green finance package

Senior officials from the European Bank for Reconstruction and Development (EBRD) visited Morocco this week to strengthen partnerships and announce significant green financing initiatives aimed at supporting the country’s energy transition. High-level meetings and strategic priorities The EBRD......

Morocco urged to establish strategic grain reserves to bolster food security

Morocco’s Competition Council has issued a stark warning about the nation’s lack of strategic grain reserves, leaving the market vulnerable to shocks caused by droughts, global instability, or geopolitical crises. The Council emphasized that building such reserves is critical to ensuring......

AfDB approves €150 million credit line to boost local development in Morocco

The African Development Bank (AfDB) has approved a €150 million credit line for Morocco’s Municipal Equipment Fund, aiming to support local development projects across the country. The initiative seeks to enhance infrastructure, climate resilience, and connectivity, with a particular focus......

Morocco strengthens global standing with $1.77 billion World Bank financing

Morocco has secured $1.77 billion in funding from the World Bank’s International Bank for Reconstruction and Development (IBRD) during the 2025 fiscal year, positioning itself as the 8th largest IBRD borrower globally. This achievement underscores the country’s growing economic collaboration......

AfDB approves €150 million credit for sustainable infrastructure projects in Morocco

The African Development Bank (AfDB) board approved on Wednesday in Abidjan a €150 million credit line to Morocco’s Communal Equipment Fund (FEC) to finance new investment and sustainable infrastructure projects. The initiative aims to promote inclusive development and strengthen local territorial......

Washington and Kyiv strengthen economic recovery partnership amid ongoing conflict

The United States and Ukraine have intensified efforts to advance their joint post-war recovery strategy through the newly launched Reconstruction Investment Fund. During a high-level virtual meeting, Ukrainian Prime Minister Yulia Svyrydenko and US Treasury Secretary Scott Bessent reviewed progress......

Meta faces internal rift as elite AI lab challenges company priorities

The rise of Meta’s elite artificial intelligence division has deepened internal divisions over the company’s strategic direction, exposing tensions between innovation and commercial focus. As CEO Mark Zuckerberg accelerates his push toward superintelligence, competing visions within the company......

Alstom invests $10 million in Morocco to boost railway innovation and create 200 jobs

French mobility leader Alstom has committed MAD 100 million ($10 million) to expand its industrial operations in Morocco, establishing the first global production line for multi-platform train driver desks. This strategic move strengthens Morocco's position in the global railway value chain. The......

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