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Economy


Strengthening Economic Bonds: Moroccan-Swiss Collaboration Takes Center Stage

In a pivotal gathering held in the Swiss capital of Bern, Moroccan Minister of Industry and Trade Ryad Mezzour and Swiss Federal Councillor for Economic Affairs, Education, and Research Guy Parmelin convened to outline strategies for bolstering economic cooperation between their nations. This meeting......

Bitcoin Surpasses $69,000 Mark, Achieving Unprecedented Global Record

In an astonishing surge, Bitcoin, the foremost cryptocurrency, reached an unprecedented milestone on Tuesday, surpassing its previous record amidst soaring demand from new funds and an impending slowdown in supply growth, fueling a remarkable rebound. Climbing 2.5% to an astounding $69,191.95, Bitcoin......

Icelandic Upstart Play Airlines Spreads Its Wings, Connecting Reykjavik to Marrakech's Enchanting Allure

In a bold move that promises to captivate wanderlust-fueled souls, Icelandic low-cost carrier Play has unveiled an audacious plan to inaugurate the first-ever direct flights from Reykjavik to the enchanting city of Marrakech. This pioneering endeavor, set to take flight in October, is poised to forge......

Morocco and Spain Fast-track Transport and Logistics Cooperation Accord

In a diplomatic endeavor aimed at fortifying their bilateral relations, Morocco and Spain have pledged to expedite the implementation of a memorandum of understanding (MoU) focused on enhancing cooperation in the transport and logistics sectors. This commitment was reaffirmed during a productive working......

Enhancing Transport Ties: Morocco and Spain Forge Ahead

In a move aimed at fostering economic collaboration, Morocco and Spain have pledged to expedite the implementation of a memorandum of understanding on transport and logistics cooperation inked earlier this year. Officials from both nations convened in Rabat on Monday to strategize on enhancing mobility......

Huawei Drives Global Collaboration to Close the Digital Gap

Huawei, the Chinese tech juggernaut, concluded its annual Huawei Talent Summit with a slew of new initiatives reaffirming its commitment to fostering digital literacy across the globe. Taking place alongside the prestigious MWC Barcelona 2024, the largest gathering of mobile operators, manufacturers,......

Moroccan Phosphate Exports Surge as Markets Stabilize

Morocco's crucial phosphate exports are rebounding in 2024 after a sharp decline last year amidst global demand shifts. New data from the nation's Office of Exchange reveals a notable 17% increase in shipments of phosphate rock and fertilizers in January compared to the same period in 2023. These......

Morocco, Germany Seek to Energize Bilateral Military Cooperation

Morocco and Germany are strengthening their bilateral military cooperation to tackle pressing security challenges, signaling a deepening of relations between the two nations. During a recent visit to Rabat, German Minister of Defense Thomas Hitschler met with his Moroccan counterpart, Abdeltif Loudyi,......

Morocco's Ports Propel Economic Surge in 2023

In 2023, Morocco experienced a significant uptick in its trade sector, driven largely by impressive gains in port revenues as reported by the National Ports Agency (ANP). This article reviews the ANP's financial results, highlighting key figures and trends that underscore Morocco's robust economic......

Spain and Morocco Enhance Rail Cooperation in High-Level Discussions

The Spanish Minister of Transport and Sustainable Mobility, Óscar Puente, is set to embark on a significant bilateral trip to Rabat, Morocco on March 4-5, aimed at expanding cross-border rail connections. According to reports from Spanish media outlets, Puente will engage in discussions with key......

Morocco Continues Its Rise as a Leading Soft Power in Africa

Morocco has solidified its position as a prominent voice on the African continent, as evidenced by its performance in the latest Global Soft Power Index. According to the index, which evaluates 193 UN member states across eight key pillars of soft power such as governance, business, culture, education,......

Morocco Witnesses Surge in Foreign Investment, Reaching Highest Levels in Half a Decade

Contrary to earlier forecasts of a tough year for foreign direct investment, Morocco has encountered an unexpected upswing in inflows at the outset of 2024. According to data released by the Office d'Echange (OE), the net influx of foreign capital surged by a remarkable 25% year-on-year in January,......

Ascending Heights: Canadian Aerospace Firm Soars into Morocco

Moroccan aerospace is soaring to new heights as Canadian manufacturing company Shimco Aviation commits to expanding its presence in the North African kingdom. On Friday, Shimco signed a landmark agreement with Midparc, an industrial complex in Morocco, marking the beginning of its venture into international......