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Morocco plans naval upgrade with acquisition of two advanced submarines

Morocco is reportedly preparing to enhance its naval power by acquiring two advanced submarines, according to a report by Military Africa. The move is part of the North African country's broader strategy to modernize its military and strengthen its ability to address evolving security challenges......

Morocco edges closer to historic F-35 acquisition in $17 billion deal

Recent reports indicate Morocco may become the first Arab and African nation to acquire the F-35 stealth fighter jet. The potential $17 billion deal, which would span 45 years for procurement and maintenance, has gained momentum following renewed diplomatic engagement from Washington. The development......

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 expands military capabilities with Chinese TB-001K combat drone

The Moroccan military has acquired the Chinese-manufactured TB-001K drone, known as the "Twin-Tailed Scorpion," strengthening its aerial defense capabilities and diversifying its international defense partnerships. The TB-001K, produced by Sichuan Tengden, features impressive technical specifications......

Sonos' uncertain future: Tech companies eye struggling audio innovator

Sonos finds itself at a crossroads, grappling with one of the most challenging periods in its history. The once-celebrated audio technology company has seen its fortunes falter, and rumors of a potential acquisition by major tech players are gaining momentum.   A disastrous update derails Sonos'......

SEC Sues Elon Musk for Late Disclosure of Twitter Stake

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Elon Musk, accusing him of failing to disclose his acquisition of a significant stake in Twitter within the legally required timeframe. The alleged violation pertains to Musk's delay in notifying regulators after surpassing......

Moroccan Mining Firm Seals USD 30 Million Oumejrane Mine Deal

Moroccan mining powerhouse Managem Group has finalized the sale of its Oumejrane mining subsidiary to Purple Hedge Resources Morocco for USD 30 million. The agreement, announced on Wednesday, includes potential additional payments of over USD 2 million, subject to conditions, payable after a 12-month......

Failed Funding Derails Major Moroccan Mining Acquisition

Atlas Metals Group has announced the termination of its planned acquisition of Compagnie Minière de Oumejrane (CMO), a Moroccan mining subsidiary owned by Managem. The cancellation comes after the company failed to secure the necessary funding of MAD 183 million from institutional investors within......

US Approves $86 Million Precision-Guided Bomb Sale to Morocco, Strengthening Strategic Alliance

Morocco is set to enhance its military capabilities following the US State Department's approval of an $86 million sale of precision-guided bombs, marking another significant development in the growing defense partnership between the two nations. The approved package includes 500 GBU-39B Small Diameter......