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Economy
Norwegian group Alta Mar African Holdings has unveiled a significant aquaculture project in Safi, Morocco, committing $21 million (over 200 million dirhams) to marine fish farming. This initiative, centered on the production of high-value fish species such as Atlantic bluefin tuna, is expected to become......
As Ramadan begins, Morocco has introduced the national hotline number 5757 to address consumer complaints and ensure market stability during the holy month. This initiative aims to alleviate growing concerns over rising food prices and the availability of essential goods, which are central to traditional......
Hassan Abkari, the Director General of Tanger Med Port Authority (TMPA), has been relieved of his duties following revelations of a private business venture in Spain’s port sector, raising concerns over a conflict of interest. The decision came during an emergency board meeting held on February......
Morocco and Egypt have taken significant steps to enhance their bilateral trade relations through the establishment of an Egyptian “Fast Track” system, aimed at streamlining access for Moroccan exports to Egyptian markets. According to a statement from Morocco’s Ministry of Industry......
In an effort to boost Moroccan exports, Egypt is set to introduce a "Fast Track" system aimed at simplifying and accelerating trade processes. The announcement follows a meeting between key officials: Ryad Mezzour, Morocco’s Minister of Industry and Commerce; Omar Hejira, the Secretary......
The Mexican Business Coordination Council (CCE), the largest employers' organization in Latin America’s second-largest economy, has expressed its support for Morocco’s territorial integrity and emphasized its commitment to bolstering economic and trade relations with the Kingdom. “We......
The Central Popular Bank (BCP) has announced the appointment of three new director generals in a significant leadership reshuffle aimed at bolstering the bank's strategic development. The decision was made during a recent board meeting, underscoring BCP’s commitment to innovation and growth. The......
The World Bank has reaffirmed its commitment to supporting Morocco in its preparations for hosting the 2030 FIFA World Cup. Ousmane Dione, the institution’s vice president for the Middle East and North Africa, made this declaration during a meeting on Wednesday with Fouzi Lekjaa, Morocco’s......
OCP Green Water has significantly strengthened water security in Casablanca South by delivering 60 million cubic meters of desalinated water annually, addressing the region’s growing demand for potable water. The initiative, launched in October 2024, represents a major effort to mitigate water......
When taking out a mortgage in Spain, homebuyers often face a range of hidden costs that can significantly impact their financial plans. Spanish banks are known for incorporating various fees and expenses into mortgage contracts, making it crucial for prospective buyers to thoroughly understand the fine......
Morocco boasts exceptional assets in the energy sector, stated Gérard Mestrallet, the special envoy of the French President for the India-Middle East-Europe economic corridor, during a meeting in Rabat on Thursday. Among these assets, Mestrallet highlighted “strong, consistent winds in......
A milestone in Morocco's industrial and energy sectors was marked on Wednesday with the inauguration of a state-of-the-art production line for intelligent electric meters at the Bensouda industrial zone in Fès. The facility, developed by Zinco, a subsidiary of the Zinelec group, represents......
Hyundai Rotem has signed a historic $1.5 billion (2.2 trillion won) contract with Morocco’s National Railways Office (ONCF) to supply double-decker trains, marking the largest order ever secured by the South Korean company. The agreement, announced on Wednesday, underscores a significant step in......