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Falcon Energy Materials and Hensen Forge Partnership to Establish Anode Production Facility in Morocco

In a significant development for the energy sector, Falcon Energy Materials has announced a strategic collaboration with Hensen to construct a state-of-the-art anode manufacturing plant in Morocco. This partnership aims to bolster the production of essential materials for the burgeoning electric vehicle......

Nvidia's Historic $279 Billion Plunge Rattles Global Chip Market

Global semiconductor stocks experienced a significant downturn on Wednesday, following a steep decline in Nvidia’s share price in the U.S. overnight. The plunge in Nvidia’s stock value, amounting to a staggering $279 billion, marked the largest one-day market capitalization drop for a U.S.......

Morocco's Strategic Leap in Clean Energy: $370 Million Lithium Battery Initiative

China Baoan and its subsidiary Betrui have unveiled a substantial $370 million investment in Tanger Science and Technology City, aimed at producing 60,000 tons of anode material annually. This development strengthens Morocco's foothold in the global lithium battery market. Building on Betrui’s......

Morocco's Aerospace Sector Soars: Exports Projected to Hit $4 Billion by 2030

Morocco's aerospace industry is experiencing a remarkable ascent, with exports reaching $1.3 billion in the first half of 2024. This achievement positions the sector as the country's leading export performer. In an exclusive discussion with Asharq Business, Hamid El Andaloussi, president of......

Morocco Accelerates to the Top of African Car Production

In a significant shift within Africa's automotive landscape, Morocco has overtaken South Africa as the continent's premier car manufacturer. This development, reported by L'Économiste, marks a pivotal moment in the industry's history and signals a new era for North African manufacturing......

Morocco Aims for Pharmaceutical Self-Sufficiency, Targets 70% Local Production

In a significant move towards pharmaceutical autonomy, Morocco is poised to dramatically increase its domestic medication production, according to Health and Social Protection Minister Khalid Ait Taleb. Speaking at a parliamentary session in Rabat on Tuesday, Ait Taleb unveiled ambitious plans to manufacture......

BYD Strikes $1 Billion Deal to Establish Manufacturing Plant in Turkey

BYD, China's preeminent electric vehicle (EV) manufacturer, has signed a landmark $1 billion (£780 million) agreement to construct a state-of-the-art manufacturing facility in Turkey. This strategic move underscores BYD's relentless expansion beyond its domestic market. The forthcoming......

EU Injects €750 Million into African Vaccine Manufacturing Initiative

In a significant move to bolster Africa's healthcare infrastructure, the European Union (EU) and its member states have pledged €750 million ($830 million) to launch the African Vaccine Manufacturing Accelerator (AVMA). This substantial financial commitment was unveiled at the World Vaccine......

Morocco's Defense Ascent: Transitioning from Importer to Manufacturer

In a strategic move to bolster its military prowess and enhance national security, Morocco is embarking on an ambitious journey to transform from a defense importer to a self-sufficient manufacturer. The 2024 finance bill, approved by King Mohammed VI during a recent Ministerial Council, allocates a......