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EIB Strengthens Morocco Partnership with €1 Billion Post-Earthquake Recovery Investment

The European Investment Bank (EIB) has strengthened its long-standing partnership with Morocco by providing a significant €1 billion loan package. This marks a notable expansion of the EIB's nearly €10 billion investment in the country since 1979. EIB Vice President Ioannis Tsakiris outlined......

Morocco's Economic Trajectory: IMF Projects Steady Growth Through 2025

Morocco's economy is set for a calculated upswing, with the International Monetary Fund (IMF) forecasting growth rates of 2.8% in 2024 and 3.6% in 2025, signaling a gradual but promising recovery for the North African nation. The latest "World Economic Outlook" report presents an encouraging......

Morocco Secures Major Foreign Investments While Preparing for Global Sports Events

Morocco's economic landscape is experiencing significant transformation, marked by substantial foreign investments and ambitious infrastructure developments. The nation's strategic focus on automotive manufacturing and green hydrogen initiatives is reshaping its industrial sector, while preparations......

Mercedes Unveils Europe's Most Advanced Battery Recycling Facility with 96% Recovery Rate

Mercedes-Benz has inaugurated Europe's first integrated mechanical-hydrometallurgical battery recycling facility in Kuppenheim, Germany, marking a significant advancement in sustainable automotive manufacturing. This multi-million euro investment establishes a closed-loop battery recycling system,......

Strengthening Bonds: U.S. Commitment to Morocco's Earthquake Recovery Efforts

The United States has reaffirmed its commitment to support Morocco's ongoing recovery efforts following the devastating earthquake that struck the Al Haouz region in September last year. This renewal of support underscores the longstanding friendship between the two nations and highlights the continued......

Hurricane Milton Recovery Begins Amid Political Storm

As central Florida reels from the devastation left by Hurricane Milton, authorities are racing against time to assess the damage and aid recovery efforts. The deadly storm, which also spawned a series of tornadoes before making landfall, has already claimed the lives of at least 16 people, according......

Morocco and EIB Sign $532 Million Deal for Al Haouz Earthquake Recovery

Morocco has secured a vital agreement with the European Investment Bank (EIB) to finance the recovery efforts for the regions affected by the Al Haouz earthquake. The Ministry of Economy and Finance, represented by Minister Delegate Fouzi Lekjaa, and EIB Vice President Ioannis Tsakiris, signed the deal......

Morocco's Tourism Boom: 13.1 Million Visitors Signal Strong Economic Recovery

Morocco's tourism sector is experiencing a remarkable resurgence, with visitor numbers soaring to 13.1 million by the end of September 2024. This impressive figure represents a substantial increase of approximately two million tourists compared to the same period in 2023, according to recent data......

Morocco's Q3 2024 Economic Pulse: Industrial Boom Offsets Agricultural Decline

Morocco's economy showed resilience in the third quarter of 2024, with growth reaching 2.8%, up from the 2.4% average recorded in the first half of the year. This uptick, reported by the High Commission for Planning (HCP), stems from a continued recovery in domestic demand and a robust increase in......