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Economy


Morocco's Aerospace Ascendancy: The Boeing 777 Cargo Plane Conversion Venture

In a momentous stride set to elevate Morocco's aerospace industry, Kansas Modification Center, LLC (KMC), Stratos Industries, and Integrated Aerospace Alliance, LLC (IAA) have unveiled a strategic collaboration focused on the conversion of Boeing 777-300ERs into freighters (P2F). This ambitious venture,......

Moroccan Automotive Sector Seeks Greater Boost with Stock Market Support

The automotive sector currently represents 1% of Morocco's stock market capitalization, with ambitions to double or triple this contribution in the short term. This key sector of the national industry is poised to enter a new phase of development with the support of the stock market and the financial......

Morocco's Millionaire Club Soars, Cementing Its Status Among Africa's Wealthiest Nations

In an era marked by the concentration of wealth among a select few, Morocco has emerged as a burgeoning powerhouse, affirming its place among the "Big 5" wealthiest countries on the African continent. A recent report from the prestigious consultancy firm Henley and Partners (H&P) unveils......

Forging the Morocco-Spain Rail Link: The Gibraltar Tunnel Project Takes Shape

The evolving collaboration between Morocco and Spain continues to spawn innovative ventures, with the Gibraltar Tunnel project emerging as a strategic focal point for both nations. This ambitious cross-border initiative, as per Spanish media reports, is set to be exclusively rail-based, poised to play......

Unlocking the Commercial Potential of Dakhla: Morocco Offers Opportunities to Spanish Investors

In a bid to fortify the burgeoning economic relationship between Morocco and Spain, Moroccan officials recently unveiled the business potential of the country's southern regions, notably the Dakhla Oued-Eddahab area, to a delegation of Spanish investors. Organized by the Madrid Chamber of Commerce......

Navigating the Road to 2% Inflation: A Prolonged Journey Ahead for the US Federal Reserve

In a candid assessment, Jerome Powell, the Chair of the United States Federal Reserve, revealed that achieving confidence in slowing inflation towards the 2% target will take "longer than expected". During a round table discussion in Washington with his Canadian counterpart, Powell acknowledged......

A Historic Agreement to Strengthen Economic Cooperation between Morocco and Monaco

A Memorandum of Understanding (MoU) was signed on Tuesday in Casablanca between the General Confederation of Moroccan Enterprises (CGEM), the Monaco Economic Board (MEB), and the Club des Entrepreneurs Monégasques d'Afrique (CEMA), marking a significant step in enhancing economic ties between......

Escalating Costs Threaten Morocco-UK Green Power Project's $30 Billion Price Tag

In a recent update, Xlinks First, the investment company overseeing the ambitious Morocco-UK Power Project, revealed a substantial upward revision in the estimated construction cost for the colossal endeavor. Originally projected at £20 billion ($24 billion), the current estimates now range between......

Cryptocurrencies and Tax Obligations in 2024: What You Need to Know to Properly Declare Your Gains

Bitcoin reached new highs in March 2024, surpassing $72,000. While this performance is excellent news for cryptocurrency investors, it also raises questions about the tax obligations associated with these digital assets. With the recent evolution of legislation governing the management of crypto-assets,......

Morocco's Economy Anticipated to Expand by 3.1% in 2024 Despite Inflationary Pressures

Morocco is poised for robust economic growth, with projections by the International Monetary Fund (IMF) forecasting a 3.1% expansion in 2024. This positive outlook persists despite the country grappling with inflationary challenges. The IMF's latest forecast, unveiled during the spring meetings......

Bridging Continents: High-Speed Rail to Connect Madrid and Casablanca

In a momentous development, plans have surfaced for a high-speed rail connection between Spain and Morocco, poised to revolutionize transportation in the region. Recent studies conducted by the Spanish Society for Fixed Communication Studies across the Strait of Gibraltar (Secegsa) have affirmed the......

Morocco Unveils Ambitious 'Startup Funds' Blueprint to Supercharge Innovation

Morocco has taken a significant step towards bolstering its startup ecosystem with the introduction of the innovative 'Startup Funds' initiative by the Mohammed VI Investment Fund (FM6I). This pioneering move aims to fuel innovation and provide crucial support for emerging enterprises, marking......

Morocco and France Unite for the Sustainable Rebirth of Toubkal Park After Earthquake

Moroccan and French authorities have forged a groundbreaking collaboration to lead an ambitious program aimed at rebuilding and rejuvenating the earthquake-affected Toubkal region through sustainable development and environmental conservation. The partnership between Morocco's National Water and......