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Economy
In a strategic move aimed at extending its footprint across Africa, Wafa Assurance has secured approval to operate in the life insurance sector in Gabon. This milestone comes as a testament to the company's commitment to contributing to the economic development of the African continent. On April......
Morocco's fiscal situation has undergone a remarkable turnaround, showcasing substantial improvement as the budget deficit shrinks to a mere MAD 1.18 billion (approximately $113 million) by the end of April 2024. This figure marks a significant decline from the MAD 10.58 billion deficit recorded......
The textile industry has undergone a significant transformation with the rise of fast fashion, a phenomenon primarily affecting the ready-to-wear sector. Characterized by a staggering number of new designs and constant collection renewals, accelerated production cycles, and inexpensive clothing have......
In a significant stride for Morocco's flourishing berry industry, Driscoll's Maroc, a subsidiary of the renowned US-based berry producer, has initiated the construction of a cutting-edge berry processing facility in Larache. The inauguration ceremony unfolded under the auspices of Larache Province......
In a remarkable revelation challenging prevailing perceptions, a recent study conducted by The Policy Center for the New South (PCNS) unveils a heartening trend in Morocco's socioeconomic landscape. Contrary to the widespread belief that Moroccan society is becoming increasingly polarized with the......
In a decisive move, the banking group Attijariwafa Bank has announced its intention to pursue legal action against those responsible for disseminating blatantly false, slanderous, and defamatory statements about the group and its Chairman and Chief Executive Officer, Mr. Mohamed El Kettani. The bank......
In a notable turn of events, recent data unveiled by Eurostat, the esteemed European statistics office, reveals Morocco's emergence as a significant importer of grain from the European Union (EU). In 2023, the North African nation imported a staggering 5 million tons of grain from the 27 member states......
In an almost artistic movement, tomato prices in Morocco engage in a veritable classical dance, fluctuating between sublime elevations and dramatic falls, much to the dismay of consumers. After a period of relative calm, during which prices seemed to have finally taken pity on the already strained pockets......
As part of its comprehensive modernization program aimed at continuously improving its services, the National Office of Railways (ONCF) is undertaking an extensive initiative to upgrade the signaling infrastructure along the Casablanca-Kenitra rail corridor. From May 12 to May 26, 2024, these large-scale......
In the ever-competitive realm of commercial aviation, Saudia, the national airline of Saudi Arabia, has firmly established itself as one of the fastest-growing airline brands on the global stage, according to Brand Finance's annual report on the top 50 airline brands. Saudia's brand value has......
SDX Energy, a London-based energy firm, has taken a significant step towards strengthening its presence in Morocco with the receipt of a substantial cash infusion from the sale of its Egyptian assets. An initial $3.5 million from the sale of its West Gharib assets in Egypt has provided a financial boost,......
During a plenary session dedicated to assessing the government's midterm performance, Head of Government Aziz Akhannouch delivered a comprehensive address to the Chamber of Advisors, outlining the economic measures undertaken to support businesses and preserve macroeconomic stability amidst global......
In a bold move to strengthen its position in the African lubricants market, OLA Energy Maroc, a leading energy company in Morocco and a major energy player in Africa, has entered into an innovative agreement with ExxonMobil Petroleum & Chemical BV. This strategic partnership allows OLA Energy Maroc......