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Economy


SOGETREL Launches Genius Services, its New Moroccan Subsidiary to Propel its International Expansion

In an inaugural ceremony presided over by Ms. Ghita Mezzour, Minister of Digital Transition and Administrative Reform, SOGETREL, the independent French company specializing in digital infrastructure services, has unveiled its new Moroccan subsidiary, Genius Services. Speaking alongside H.E. Mr. Christophe......

Groupe Atlantique Partners with CDG Invest to Enhance Higher Education Excellence in Morocco

In a groundbreaking development, Groupe Atlantique, a renowned multidisciplinary institution recognized for its educational excellence, has forged a strategic partnership with CDG Invest, Morocco's state-owned investment fund. This alliance, announced on April 15, aims to elevate the standards of......

Dakhla Port's Q1 Fishing Haul Soars 46%, Boosting Local Economy

In an impressive demonstration of resilience, the port of Dakhla experienced a remarkable 46% surge in coastal and small-scale fishing landings during the first quarter of 2024, as reported by the National Fisheries Office (ONP). This surge amounted to an astounding 22,918 tonnes, significantly surpassing......

Climate Chaos: Threatening Morocco's Financial Stability

A groundbreaking report jointly conducted by the World Bank and Morocco's Bank Al-Maghrib has sounded a stark warning about the vulnerable state of the nation's banking sector amidst the escalating risks of climate change. This pioneering analysis for the African continent sheds light on the......

Charting Morocco's Path to Global Competitiveness: Embracing Industry X.0

In a groundbreaking report, the Royal Institute for Strategic Studies (IRES) has illuminated the path for Morocco to solidify its position as a global industrial powerhouse. The 119-page opus, drawing from international benchmarking, expert consultations, and field observations, serves as a clarion call......

Morocco's Aerospace Ascendancy: The Boeing 777 Cargo Plane Conversion Venture

In a momentous stride set to elevate Morocco's aerospace industry, Kansas Modification Center, LLC (KMC), Stratos Industries, and Integrated Aerospace Alliance, LLC (IAA) have unveiled a strategic collaboration focused on the conversion of Boeing 777-300ERs into freighters (P2F). This ambitious venture,......

Moroccan Automotive Sector Seeks Greater Boost with Stock Market Support

The automotive sector currently represents 1% of Morocco's stock market capitalization, with ambitions to double or triple this contribution in the short term. This key sector of the national industry is poised to enter a new phase of development with the support of the stock market and the financial......

Morocco's Millionaire Club Soars, Cementing Its Status Among Africa's Wealthiest Nations

In an era marked by the concentration of wealth among a select few, Morocco has emerged as a burgeoning powerhouse, affirming its place among the "Big 5" wealthiest countries on the African continent. A recent report from the prestigious consultancy firm Henley and Partners (H&P) unveils......

Forging the Morocco-Spain Rail Link: The Gibraltar Tunnel Project Takes Shape

The evolving collaboration between Morocco and Spain continues to spawn innovative ventures, with the Gibraltar Tunnel project emerging as a strategic focal point for both nations. This ambitious cross-border initiative, as per Spanish media reports, is set to be exclusively rail-based, poised to play......

Unlocking the Commercial Potential of Dakhla: Morocco Offers Opportunities to Spanish Investors

In a bid to fortify the burgeoning economic relationship between Morocco and Spain, Moroccan officials recently unveiled the business potential of the country's southern regions, notably the Dakhla Oued-Eddahab area, to a delegation of Spanish investors. Organized by the Madrid Chamber of Commerce......

Navigating the Road to 2% Inflation: A Prolonged Journey Ahead for the US Federal Reserve

In a candid assessment, Jerome Powell, the Chair of the United States Federal Reserve, revealed that achieving confidence in slowing inflation towards the 2% target will take "longer than expected". During a round table discussion in Washington with his Canadian counterpart, Powell acknowledged......

A Historic Agreement to Strengthen Economic Cooperation between Morocco and Monaco

A Memorandum of Understanding (MoU) was signed on Tuesday in Casablanca between the General Confederation of Moroccan Enterprises (CGEM), the Monaco Economic Board (MEB), and the Club des Entrepreneurs Monégasques d'Afrique (CEMA), marking a significant step in enhancing economic ties between......

Escalating Costs Threaten Morocco-UK Green Power Project's $30 Billion Price Tag

In a recent update, Xlinks First, the investment company overseeing the ambitious Morocco-UK Power Project, revealed a substantial upward revision in the estimated construction cost for the colossal endeavor. Originally projected at £20 billion ($24 billion), the current estimates now range between......