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Morocco and UAE Launch $25 Billion Green Hydrogen Venture in Dakhla

A groundbreaking joint venture between Morocco and the United Arab Emirates is set to revolutionize the renewable energy landscape, with a massive $25 billion investment in green hydrogen and ammonia production in Dakhla, southern Morocco. Strategic Investment Overview The renewable energy company......

King Mohammed VI appoints new cabinet led by Aziz Akhannouch: A strategic shift in Moroccan governance

His Majesty King Mohammed VI has officially appointed the second iteration of Aziz Akhannouch's government, unveiling a cabinet that blends fresh faces with experienced officials. This announcement, made on Wednesday, signifies a pivotal moment in Morocco's political landscape as the nation grapples......

Morocco Projects $1.58 Billion Revenue from Tobacco and Alcohol Taxation in 2025 Economic Plan

Morocco's government has unveiled ambitious fiscal measures in its 2025 Finance Bill, targeting MAD 16.4 billion ($1.58 billion) in revenue through strategic taxation of tobacco and alcoholic beverages. This initiative forms part of a comprehensive economic growth strategy aimed at strengthening......

Morocco Amplifies Military Spending to $13 Billion as Regional Security Concerns Mount

Morocco plans to increase its defense budget to 133 billion Moroccan dirhams ($13 billion) for 2025, marking a significant expansion from previous years as the nation strengthens its military capabilities amid growing regional challenges. The substantial budget increase, revealed in the draft finance......

Morocco's 2025 Financial Roadmap: King Mohammed VI Unveils Ambitious Plan for Economic Growth and Social Progress

In a significant move towards economic revitalization and social advancement, King Mohammed VI of Morocco presided over a pivotal Council of Ministers meeting at the Royal Palace in Rabat. The gathering focused on the nation's 2025 Finance Bill, which outlines a comprehensive strategy to boost Morocco's......

Moroccan Government Approves SRM Casablanca-Settat’s Full Acquisition of Lydec

In a highly anticipated move, the Moroccan government has officially authorized the Société Régionale Multiservices (SRM) Casablanca-Settat to acquire 100% of Veolia’s shares in the utility company Lydec S.A. This significant development was formalized through Decree 2.24.737,......

Morocco Sets Sights on Robust Economic Expansion

In a bold forecast that has caught the attention of economic analysts, Morocco's Economy and Finance Minister, Nadia Fettah Alaoui, has unveiled an ambitious projection for the nation's economic growth. Speaking at a joint parliamentary session in Rabat, Fettah Alaoui announced that Morocco's......

Historic Mamounia Hotel Changes Hands: A $173 Million Deal

In a landmark transaction, the Moroccan government has sold its shares in the legendary Mamounia Hotel to the state-owned OCP Group for a sum of 1.7 billion dirhams ($173 million). This move signals a significant shift in ownership for Morocco's oldest and most illustrious hotel, celebrated globally......

Morocco Unveils Stringent Measures to Curb State Vehicle Misuse

In a bold move to enhance fiscal responsibility and public accountability, the Moroccan government is poised to implement sweeping reforms in the management of state-owned vehicles. This initiative, spearheaded by a forthcoming Prime Ministerial decree, aims to address longstanding concerns over the......