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Economy


Morocco and Russia enhance civil aviation and road transport cooperation

Morocco and Russia held discussions focused on expanding collaboration in civil aviation and road transportation during the Global Transport Connectivity Forum in Istanbul. Moroccan Transport and Logistics Minister Abdessamad Kayouh met with Russian Deputy Transport Minister Dmitry Zverev to explore......

Morocco turns to floating power ships to meet growing electricity demand

Morocco is exploring a flexible and rapid solution to its increasing electricity needs by considering the import of up to 6,000 megawatts of power via floating power ships from Turkey. These ships, equipped with mobile power plants, offer a timely alternative amid growing pressure on conventional energy......

Morocco partners with Chinese firm on MAD 220 million smart farming initiative

Morocco has embarked on a significant agricultural partnership with Jungnong Group, a Hong Kong-based subsidiary of China's Agricultural Development Group. This collaboration represents a pivotal move in Morocco's commitment to sustainable and technology-driven farming practices. Formalized......

Morocco restructures ONHYM to drive public sector reform and energy sovereignty

Morocco has embarked on a bold reform of its public sector with the restructuring of the National Office of Hydrocarbons and Mines (ONHYM) into a joint-stock company. This transformation marks a pivotal step in the country’s broader efforts to enhance public investment, optimize national resources,......

Morocco positions itself as a global energy leader with HyMaroc's hydrogen and helium venture

British geoscience company Getech and energy transition firm Sound Energy have launched a groundbreaking joint venture in Morocco, HyMaroc Limited, aimed at unlocking the country’s natural reserves of hydrogen and helium. This new initiative positions Morocco as a key player in the global energy......

US and China reach new trade agreement

President Donald Trump announced that the United States and China have recently signed a trade deal aimed at resolving the ongoing trade conflict between the two largest global economies. Speaking at a White House event on Thursday evening, Trump confirmed the signing but did not offer further details.......

Reasons behind UK’s withdrawal from Morocco-UK electricity project

An economic expert, Yassin Alia, highlighted the key reasons for the UK government's decision to withdraw its support from the electric interconnection project with Morocco. He explained that this move reflects a shift in the UK's energy policy, despite the project having been promoted for years......

Spain's bold move to stabilize olive oil prices: mandatory stock withdrawal introduced

Spain's Ministry of Agriculture, Fisheries, and Food (MAPA) has announced a groundbreaking plan to stabilize olive oil prices by mandating the withdrawal of surplus stock from the market. This measure, activated under the European Union's Article 167a of Regulation 1308/2013, aims to prevent......

British firms launch joint venture to explore hydrogen and helium in Morocco

Two British companies have joined forces to create a new joint venture called HyMaroc Limited, aimed at exploring natural hydrogen and helium resources in Morocco. This development follows an agreement signed last year between the two companies to collaborate on these explorations. According to a statement......

Airbus eyes deeper collaboration with Morocco's thriving aviation sector

European aircraft manufacturer Airbus has expressed its intention to strengthen ties with Morocco, leveraging the country’s rapidly growing aviation industry. Speaking at the 55th Paris Air Show, Wouter Van Wersch, Airbus’s executive vice president for international affairs, highlighted Morocco’s......

Morocco and France work to safeguard banking links under new EU regulations

Morocco and France are advancing toward a landmark agreement to protect Moroccan banks operating within Europe from the stringent effects of the European Union’s Capital Requirements Directive VI (CRD VI). The directive, a key part of the EU’s efforts to tighten financial regulations, limits......

EBRD invests $25 million in Morocco’s Boumadine mine to boost exploration

The European Bank for Reconstruction and Development (EBRD) has announced a $25 million loan to Canadian mining company Aya Gold & Silver Inc., aimed at advancing the exploration of the Boumadine polymetallic mine in Morocco’s Drâa-Tafilalet region. This marks a significant step in the......

Morocco launches major lithium battery materials plant to support EV growth

Morocco has announced the inauguration of its first lithium-ion material manufacturing plant in Jorf Lasfar, a significant step in the country’s push to become a global leader in green technology and electric vehicle (EV) production. The facility, developed by COBCO—a partnership between......