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Spain’s unique approach to migration and its economic success

From Madrid to Barcelona, Spain’s vibrant economy is evident in bustling restaurants, packed hotels, and a thriving service sector. Recognized by The Economist as the world’s best-performing economy in 2024, Spain’s success is attributed in part to a distinctive migration policy that......

Moroccan construction firm TGCC secures $430 million stake in STAM

TGCC (Travaux Généraux de Construction de Casablanca) has signed an agreement to acquire a 60% controlling stake in STAM (Société de Travaux Agricoles Marocains), in a deal valued at MAD 4.3 billion ($430 million). The transaction includes STAM's 55% ownership of VIAS......

Morocco deepens financial markets with interbank forward market launch

Bank Al-Maghrib (BAM), Morocco’s central bank, has officially launched an interbank forward market for foreign exchange swaps and overnight index swaps (OIS) tied to the Moroccan Overnight Index Average (MONIA). This initiative, which began operations on February 19, marks a significant step in......

Morocco targets China’s booming tourism market with strategic roadshow

Morocco’s National Tourism Office (ONMT) has embarked on an ambitious campaign to deepen ties with China’s expanding tourism sector. From February 17 to 22, ONMT is hosting a series of promotional events in Beijing and Shanghai, aiming to position Morocco as a prime destination for Chinese......

M’diq port reports 33% increase in fish landings for January

The M’diq port recorded 247 tonnes of coastal and artisanal fish landings in January, marking a 33% rise compared to the same period last year, according to the National Fisheries Office (ONP). The market value of these landings also surged by 49%, exceeding 15.25 million dirhams (MDH), up from......

Paraguay targets Morocco's beef market amid drought-driven livestock decline

Paraguay's meat industry is making strategic moves to expand its presence in Morocco's beef market, aiming to double its current exports of 4,500 tons. This expansion initiative comes as Morocco grapples with severe agricultural challenges due to prolonged drought conditions. Recent meetings......

Casablanca's Derb Baladia grill district relocates amid souk transformation

A significant urban redevelopment project is changing the face of one of Casablanca's most cherished culinary landmarks, as the traditional grilled meat vendors of Souk Baladia relocate to new premises across from their original location. A chapter closes The bustling atmosphere of wood-fired grills......

OMODA E5 brings premium electric mobility to Morocco

CFAO Mobility has introduced the OMODA E5, a fully electric SUV, to the Moroccan automotive market during the first Green Impact Expo & Summit 2025 in Casablanca. This new addition to Morocco's electric vehicle landscape combines innovation, performance, and environmental consciousness. Design......

Morocco's franchise sector surges 25% yearly

The franchise sector in Morocco is experiencing remarkable growth, with a consistent 25% annual increase that has caught the attention of international investors, according to Industry and Trade Minister Ryad Mezzour's announcement in Casablanca on Wednesday. Speaking at the Morocco Franchise Exhibition......

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