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Economy


Investment Minister Jazouli Aims to Propel Economic Growth in Morocco's Oriental Region

Morocco's Minister Delegate for Investment, Mohcine Jazouli, initiated a comprehensive tour of the country's Oriental region this week, aligning with the government's strategic efforts to stimulate private investment and foster job creation nationwide. The primary objective of this visit......

Moroccan Minister Nadia Fettah Advocates Economic Diversification for Growth at Davos

Moroccan Minister of Economy and Finance, Nadia Fettah Alaoui, delivered a compelling message at the World Economic Forum in Davos, emphasizing the critical need for economic diversification with a strategic focus on industry and tourism to foster growth. In an exclusive interview with CNBC Arabia,......

EU Cash Payment Cap: Key Considerations for Moroccan Travelers

The European Union is ushering in a significant change that demands attention from Moroccan travelers and business professionals. The era of unrestricted cash payments is drawing to a close, compelling adaptation from Moroccans venturing to Europe and engaging in cross-border business transactions. Failure......

Netflix Crowned King of Streaming Despite Tumultuous Year

In the midst of a turbulent 2022, Netflix has emerged triumphant as the reigning champion in the streaming industry, as declared by the Bank of America. For an extended period, Netflix comfortably held its dominion over the streaming landscape. However, formidable challengers such as Prime Video, Disney+,......

Mohammed VI Investment Fund Announces Preselection of 17 Management Firms

The Mohammed VI Investment Fund (FM6I) has recently unveiled its preselection of 17 private equity firms tasked with managing specialized sectoral and thematic funds. This initiative forms a pivotal component of a comprehensive strategy designed to expedite investment and foster job creation throughout......

MSA Safety Establishes Strong Foothold in Morocco with State-of-the-Art Manufacturing Facility

MSA Safety, a renowned manufacturer of safety equipment, solidifies its presence in Morocco this week through the inauguration of an expanded production facility in the North African nation. In an official press release, the Pennsylvania-based company positions the facility as a pivotal component of......

APC Welcomes NOVACIM as a New Member, Strengthening the Cement Industry

In a significant milestone for the cement sector, the Association Professionnelle des Cimentiers (APC) proudly announces the addition of NOVACIM as its newest member. This prestigious decision was officially ratified during the APC's General Assembly on December 18th, solidifying the inclusion of......

Echoes of Inclusion: MENA Leaders Deliberate Strategies for Equitable Economic Growth

Esteemed economists and policymakers from the Middle East and North Africa convened in Cairo this week to formulate plans aimed at promoting inclusive development within the region. This high-level seminar sought to build upon the momentum generated during last fall's "Call for Action,"......

Triple Crown of Certifications for Smurfit Kappa Morocco

Rabat, Morocco - Smurfit Kappa Morocco has recently achieved an impressive trifecta of prestigious certifications for its operations in Rabat, solidifying its unwavering commitment to quality, sustainability, and food safety. In a remarkable feat, just months after inaugurating its new facility, the......

Fuel Prices Drop Again, Bringing Relief for Moroccan Drivers

Moroccan motorists received encouraging news at the pump this week as fuel prices continued their downward trend. Reports from major cities across the country confirm that the cost of diesel and gasoline experienced a decline on Tuesday, offering additional relief for drivers grappling with high fuel......

India and Morocco: An Enduring Bond Forged Through Dynamic Diplomacy and Vibrant Exchange

Rabat - The second annual Rabat Networking Days facilitated enlightening dialogue and unveiled abundant opportunities, propelling students at Al Akhawayn University in Ifrane into the heart of Rabat's diplomatic and communications landscape. Held on January 11-12, this two-day event seamlessly......

Trailblazing the Heights: Nadia Fettah Alaoui's Extraordinary Ascent as Morocco's First Female Minister of Economy and Finance

Nadia Fettah Alaoui's remarkable journey from private equity to the pinnacle of Moroccan politics has secured her a coveted spot on Forbes' prestigious "50 Over 50" list for the Middle East and North Africa. As the daughter of a prominent Moroccan official, Fettah Alaoui received her......

Wage Win: Spain Approves 5% Minimum Wage Hike

Madrid - Spain's leftist government has secured a victory for workers by announcing a significant 5% increase in the national minimum wage, effective January 1st. This retroactive raise elevates the monthly minimum from 1080 euros to 1134 euros, benefiting approximately 2.5 million low-wage workers. The......