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Keywords: Economic Development


Morocco and UAE bolster innovation with industrial property agreement

Morocco and the United Arab Emirates (UAE) have taken a significant step to enhance their collaboration in fostering innovation and economic development by signing a memorandum of understanding (MoU) on industrial property rights. The agreement seeks to strengthen bilateral relations and facilitate knowledge......

Sidi Ould Tah elected president of African Development Bank

The Mauritanian economist Sidi Ould Tah has been elected president of the African Development Bank (AfDB) with 76.18% of the votes. The election took place on Thursday during the institution’s annual meetings in Abidjan. Ould Tah prevailed after three rounds of voting, defeating Zambian Samuel......

Hungary strengthens ties with Morocco through Dakhla visit

Hungary has taken a significant step in bolstering its support for Morocco’s stance on Sahara, as its Ambassador to Morocco, Miklós Tromler, embarked on a three-day visit to Dakhla. This pivotal city in Morocco’s southern provinces serves as a focal point for economic and political......

Strengthening ties: India and Morocco forge a path of mutual growth

As India emerges as a pivotal player in global dynamics, its partnership with Morocco exemplifies a steadfast alliance rooted in pragmatism and mutual respect. This collaboration not only reflects shared interests but also a vision for a more interconnected and equitable world. The relationship between......

Dakhla desalination plant enhances sustainable agriculture and regional economy

Morocco’s Agriculture Minister Ahmed El Bouari emphasized the significance of the Dakhla seawater desalination plant during his recent visit to the region. The minister characterized the project as innovative, environmentally sustainable, and socially inclusive. This initiative aims to establish......

Dakhla's desalination project: a cornerstone for sustainable agriculture

The desalination station in Dakhla represents a transformative initiative that merges technological innovation, environmental sustainability, and socio-economic inclusion to foster integrated and sustainable agriculture. This was emphasized on Friday by the Minister of Agriculture, Maritime Fisheries,......

IFC invests $135 million in Holmarcom Finance Company to boost growth

Holmarcom Group and the International Finance Corporation (IFC) have successfully established a strategic partnership, marking IFC's acquisition of an 18.62% minority stake in Holmarcom Finance Company (HFC) for MAD 1.35 billion ($135 million). This collaboration comes on the heels of Holmarcom’s......

Morocco’s strides in social protection showcased at World Bank, IMF meetings

Morocco's advancements in social protection took center stage on Wednesday during the "MENA Social Protection Roundtable," a pivotal event at the World Bank and International Monetary Fund (IMF) Spring Meetings. Wafaa Jamali, Director General of Morocco’s National Agency for Social......

Casablanca Finance City: A key asset in strengthening Moroccan-Irish partnership

Casablanca Finance City (CFC) has been highlighted as a significant asset in bolstering the economic partnership between Morocco and Ireland, according to a recent feature in the Irish publication BusinessPlus Magazine. Ger Corbett, Chief Executive Officer of the Sandyford Business District (SBD), one......