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Economy
French company Alstom has announced its commitment to provide Morocco with approximately 18 high-speed trains of the "Avelia Horizon" model, as part of the kingdom's railway network expansion. In a statement released recently, Alstom, a global leader in sustainable smart transport, confirmed......
The National Judicial Police Brigade (BNPJ) has launched an investigation into suspicions of embezzlement involving public subsidies allocated to livestock importers. Despite the allocation of 13 billion dirhams intended to stabilize red meat prices, costs have continued to rise, raising concerns about......
The National Office of Hydrocarbons and Mines (ONHYM) has committed an investment of 1.019 billion dirhams (MMDH) in 2024 for the drilling of four exploration wells, comprising three onshore and one offshore. This year also marks a heightened focus on strategic and critical minerals, which are vital......
Canadian Prime Minister Mark Carney declared the end of the historically close economic, security, and military relationship between Canada and the United States following the announcement of new auto tariffs by President Donald Trump. Trump’s decision to impose a 25% tariff on vehicle imports......
In 2024, Morocco's extractive sector experienced a notable boost, thanks to the phosphate industry. The sector finished the year with a 21% growth in its production index, reversing the previous year’s decline of 5.3%, according to the Directorate of Studies and Financial Forecasts (DEPF),......
Morocco has successfully executed an international bond issuance totaling €2 billion, marking its first such move since 2020. Sources close to the Ministry of Finance indicate that officials were still on site as initial details of the operation began to surface. To lead this issuance, Morocco......
British Steel, a key player in the UK’s steel industry, recently confirmed that it would close its blast furnaces and steelmaking operations due to ongoing market challenges, tariffs, and rising environmental costs associated with high-carbon steel production. In an official statement, the company......
Morocco's economy is set to grow by 3.6% in 2025, an increase from 3.2% in 2024, according to the World Bank's latest economic report titled "Prioritizing reforms to boost the business environment." This optimistic projection comes despite the adverse impact of droughts on agricultural......
Italian asset management firm Azimut Holding has made a significant move into the Moroccan market by acquiring minority stakes in two subsidiaries of Red Med Capital, a prominent independent investment bank in Morocco. This strategic investment marks Azimut's inaugural foray into the Moroccan financial......
Morocco has successfully raised €2 billion ($2.2 billion) in euro-denominated bonds, marking its first eurobond sale in five years. This significant financial move attracted bids totaling over €6.75 billion, surpassing initial expectations by €500 million. The funds will primarily support......
U.S. President Donald Trump has introduced a 25% tariff on imported cars and automotive parts, marking a significant escalation in the ongoing trade war. During his announcement at the White House, Trump framed the tariffs as a necessary action to reclaim economic losses from foreign nations that have......
OCP Nutricrops, a subsidiary of the OCP Group and a prominent player in phosphate-based fertilizers, has unveiled a significant investment plan aimed at increasing its fertilizer production capacity by 9 million tons by 2028. This ambitious project involves the establishment of two new mining and industrial......
The potential economic contribution of rural women in Morocco is immense, with estimates indicating that their inclusion could generate MAD 25.3 billion (approximately $2.53 billion), roughly 2.2% of the nation’s GDP. This assertion was made by High Commissioner for Planning, Chakib Benmoussa,......