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Economy


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......

Morocco Joins Regional Powerhouses in Milestone Industrial Coalition

In a historic move, Morocco has officially become a member of the Integrated Industrial Coalition for Sustainable Economic Development, aligning itself with regional powerhouses such as the United Arab Emirates, Jordan, Egypt, and Bahrain. The coalition is strategically designed to spur regional economic......

Spain's Inflation Ends 2023 on a Positive Note

Madrid - Spain received encouraging economic news to kick off 2023, as the country's inflation rate exhibited further signs of moderation in December. According to data released on Friday by the National Statistics Institute (INE), consumer prices rose by 3.1% year-over-year last month, a decrease......

Renewables Surge Ahead but Still Fall Short of Climate Goals

A new report reveals a record-breaking surge in global renewable energy infrastructure installation last year, but critical climate targets remain unmet, highlighting the urgency for more substantial efforts. In 2023, an astounding 507 gigawatts (GW) of renewable electricity generation capacity came......

WEC Lines Unveils Innovative Shipping Route Linking Morocco and the UK

Dutch shipping giant, WEC Lines, is set to revolutionize the shipping industry with the introduction of a groundbreaking direct route connecting Agadir, Morocco, and the Port of Liverpool in the United Kingdom. Scheduled to kick off this month, this novel service aims to offer importers a fast and environmentally......

Mining for a Brighter Future: Morocco and Saudi Arabia Sign Agreement to Strengthen Cooperation

Representatives from the Kingdom of Morocco and Saudi Arabia convened this week to formalize an agreement aimed at boosting cooperation between the two nations in the mining sector.  On Tuesday, Moroccan Minister of Energy Transition and Sustainable Development Leila Benali and Saudi Minister of......

Billions Invested in Modernizing Morocco's Road Network

The Moroccan government, under the leadership of Infrastructure Minister Nizar Baraka, has pledged a significant investment of 20 billion dirhams to revamp the nation's road infrastructure through comprehensive regional development programs. This substantial commitment is designed to elevate connectivity......

Sustainable Partnership: Azura and Suez Sign Two Waste Management Contracts

Azura Group, a global leader in the fruit & vegetable and aquaculture sectors, has entered into a strategic partnership with Suez, a leading provider of circular economy solutions for waste. The collaboration involves the signing of two 6-year contracts for the management of organic waste from Azura’s......

Revitalizing a Crucial Maritime Link Between Morocco and the Canary Islands

This week, a high-level delegation from Morocco is set to arrive in the Canary Islands to engage in discussions aimed at restoring regular ferry services between the Spanish archipelago and the Moroccan port city of Tarfaya. The reestablishment of this maritime route holds the promise of fortifying economic,......

Ethiopian Cargo Expands Maghreb Presence with Casablanca Inauguration

Ethiopian Cargo & Logistics Services has soared into Casablanca's airspace, marking its 35th freighter destination and strengthening its Maghreb presence. The inaugural flight, operated by a Boeing 777-200F, capable of transporting over 100 tons of cargo, signifies the carrier's commitment......