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Economy


Aciturri's Strategic Move: Expanding Horizons in Morocco to Tap into the Growing Aerospace Market

Aciturri Group, a prominent Spanish aerospace supplier, is making significant strides by establishing its presence in Morocco, a move that industry experts view as a testament to the confidence in the Kingdom's burgeoning aerospace sector. During a ceremony held this week in Casablanca, Aciturri......

Nezha Hayat Secures Third Term as Chair of MENA Financial Market Regulators

Nezha Hayat, the chief of Moroccan Capital Markets, has solidified her standing as a leader in regional financial regulation by securing her reelection as the chair of the Africa and Middle East committee of the International Organization of Securities Commissions (IOSCO). The announcement, made this......

European Commission Greenlights Orange-MasMovil Union in Spanish Telecom Sector

After a year and a half of anticipation, the European Commission has granted approval for the merger of Spain's second and fourth largest telecom operators, Orange and MasMovil. However, this approval was contingent upon concessions made by the companies, including the transfer of spectrum to competitor......

Challenges Persist for Morocco's Economic Growth Amidst High Inflation and Unemployment

Morocco's economic outlook remains moderate, but the nation grapples with persistent challenges of inflation and unemployment, hindering its socioeconomic progress, as noted by analysts. According to the Africa Development Bank, GDP growth is expected to increase from an estimated 3% this year to......

Morocco and World Bank Pledge to Strengthen Financial Cooperation

Morocco's economy and financial sector are poised for further enhancement, as Rabat and the World Bank affirm their dedication to elevating their partnership. During a meeting between Morocco's Finance Minister, Nadia Fettah Alaoui, and World Bank Vice President, Ferid Belhaj, both parties celebrated......

Optimum Marketing Group Continues its Winning Streak with an Innovative Digital Campaign

Optimum Marketing Group has achieved yet another milestone in its illustrious journey, securing its fifth consecutive award for groundbreaking creativity. Following a double triumph at the African Cristal Festival in December 2023, Optimum maintains its winning streak with another accolade at 'Les......

Morocco’s Energy Minister dvocates for Nuclear Power: A Path to Sustainable Development

In her recent address at an atomic energy conference in Munich, Germany, Minister of Energy Leila Benali of Morocco articulated a compelling vision for her country's future. She emphasized the crucial role of nuclear power in Morocco's quest for long-term energy security and sustainable development. Morocco......

OCP Secures $188 Million for Climate-Smart Initiatives

Morocco's OCP Group has recently finalized three loan agreements totaling $188 million with the African Development Bank and the Clean Technology Fund, marking a significant milestone in its commitment to advancing sustainability through green projects. These loans are earmarked to bolster OCP's......

Green Futures: Will Morocco Fulfill its Promise as Europe's Hydrogen Superpower?

Morocco stands at the cusp of a renewable energy revolution, poised to emerge as a titan in the field and a significant exporter of green hydrogen to Europe. However, amidst the promise lies a landscape fraught with uncertainties surrounding demand, infrastructure development, and policy support, which......

Morocco Leverages Peaceful Nuclear Technologies for Sustainable Development

The recent annual meeting of the International Atomic Energy Agency's African Regional Cooperative Agreement witnessed the Minister of Energy Transition and Sustainable Development, Leila Benali, highlighting Morocco's commitment to utilizing peaceful nuclear applications for driving economic......

CNDH President Bouayach Sounds Alarm: Informal Labor's Stranglehold on Morocco's Economy

In Morocco, the prevalence of shadow labor persists as a significant obstacle to development and societal harmony, warns the president of the country's foremost human rights organization. Amina Bouayach, the head of the National Council for Human Rights (CNDH), raised concerns on Monday during the......

Strengthening Infrastructure Collaboration: UK Experts Visit Morocco to Forge Partnerships for Mega-Projects

Major infrastructure projects demand meticulous planning and seamless coordination among stakeholders. Signaling a deepening bilateral collaboration in ambitious development endeavors, a delegation from the UK's Infrastructure and Projects Authority (IPA) has embarked on a visit to Morocco this week. Under......

Ramadan Readiness: Collaborative Efforts Pave the Way for Seamless Supply and Quality

In anticipation of the upcoming holy month of Ramadan, Khouribga province has taken decisive steps to guarantee a consistent supply of essential food items at affordable prices. A coordination meeting, presided over by Abdelhamid Chennouri, the provincial governor, was convened on Thursday to assess......