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Economy
In a resounding endorsement of its unwavering commitment to excellence and innovation, Lesieur Cristal has emerged as a dominant force at the 2024 'Product of the Year' awards in Morocco. A remarkable eight of the company's products have been bestowed with this prestigious accolade, a testament......
SDX Energy, a London-listed energy company, has commenced gas production at its highly anticipated KSR-21 well in Morocco's Gharb Basin. This significant development follows the company's successful acquisition of government approval, marking a pivotal moment in SDX Energy's strategic expansion......
The dirham, Morocco's official currency, has experienced a noticeable decline against the euro, drawing the attention of financial analysts and market watchers. According to a recent report from Morocco's central bank, the dirham's exchange rate fell by 0.46 percent against the euro from......
In a groundbreaking move that could reshape the global aviation landscape, Dubai's ruler, Sheikh Mohammed bin Rashid al-Maktoum, has approved the construction of a massive $35 billion passenger terminal at Al Maktoum International Airport. This ambitious decision, announced by the Sheikh on X (formerly......
Recent negotiations between labor unions and the government in Morocco have paved the way for significant wage increases, providing financial relief to employees across the country. Miloudi Mokharek, the Secretary-General of the Moroccan Labor Union (UMT), has announced that workers earning the minimum......
In a statement delivered on Friday at the Morocco-France Economic Forum, Ali Seddiki, the Director-General of the Moroccan Agency for Investment and Export Development (AMDIE), emphasized that Morocco is a world-class business hub with innovative ecosystems in cutting-edge sectors. Highlighting Morocco's......
During a visit to Morocco, French Economy Minister Bruno Le Maire emphasized France's commitment to fostering "very close" cooperation with Morocco across various industrial sectors. Similarly, Morocco expressed its eagerness to cultivate new partnerships. Both nations are steadfast in......
CDG Invest, through its 212Founders program, has taken a significant step toward reshaping urban logistics by investing in Velyvelo, a startup dedicated to sustainable last-mile delivery. This investment, alongside contributions from the NCI's NCITY fund, focused on startups driving the city of tomorrow,......
In a landmark event on April 26, 2024, Bpifrance, the French public investment bank, and INNOVX, a Moroccan multisectoral firm focused on innovative and sustainable enterprises and ecosystems, formalized a strategic partnership agreement. The ceremony was attended by Nadia Fettah Al Alaoui, Minister......
SB3S Seed to Scale Studio has launched its much-anticipated "3rd ACT" program, inviting submissions for a groundbreaking initiative that will support and fund 10 innovative startups in their journey toward investment. SB3S is one of 12 organizations accredited by Tamwilcom under the Innov......
After a successful roadshow in Spain earlier this year, the Moroccan Agency for Investment and Export Development (AMDIE) has focused its efforts on Germany, promoting Morocco as an attractive investment destination. From April 22 to 25, a high-level Moroccan delegation embarked on a multi-city tour,......
The National Authority for Electricity Regulation (ANRE) of Morocco recently hosted a high-profile Turkish business delegation led by Mustafa Ilker Kiliç, the Turkish Ambassador to Morocco. The meeting, held at ANRE's headquarters in Rabat on April 24, 2024, highlighted the growing collaboration......
Glovo has collaborated with Visa to provide online training videos to small and medium-sized enterprises (SMEs) in nine countries, including Morocco. These videos cover various topics such as digital payment and marketing. This initiative, launched as part of the Glovo Local initiative, aims to support......