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Chinese manufacturer Boway to establish $150 million production base in Morocco

Chinese alloy manufacturer Boway has unveiled plans to construct a state-of-the-art production facility in Nador, Morocco, marking a major step in the company’s global expansion strategy. Headquartered in Zhejiang, China, Boway specializes in producing alloy materials such as copper, brass, bronze,......

Saudi Arabia strengthens ties with the US, paving the way for global investors

Saudi Arabia’s ambassador to the United States, Princess Reema bint Bandar, has described the relationship between Riyadh and Washington as the strongest it has ever been, urging global investors to view the Kingdom as a gateway to the Middle East. Speaking at the America Business Forum in Miami,......

Microsoft to invest $15.2 billion in artificial intelligence projects in the UAE by 2029

Abu Dhabi, November 3, 2025 — Technology giant Microsoft has announced a massive $15.2 billion investment plan in the United Arab Emirates, aimed primarily at expanding the country’s artificial intelligence (AI) and cloud computing infrastructure by 2029. According to Microsoft president......

Hirschmann Automotive expands in Morocco with new Oujda factory

Austria’s Hirschmann Automotive has officially opened a new factory in Oujda Technopole, located in Morocco’s Oriental region. The facility, spanning 22,200 square meters, is part of the “Cleantech” industrial acceleration zone and represents an investment of MAD 180 million.......

Morocco prepares for 5G launch with key decree approval scheduled

The Moroccan government is finalizing its plans to launch 5G technology, with a critical decree set for review during the October 30 Council of Government meeting. This move follows the allocation of 5G licenses to Maroc Telecom, Orange Maroc, and Inwi in July, marking a significant step toward activating......

Morocco targets 18 million tourist arrivals by 2025

Morocco is on track to attract 18 million tourists by the end of 2025, according to a report on public institutions and enterprises published by the Ministry of Economy and Finance alongside the 2026 Finance Bill. The report highlights the country’s ongoing efforts to enhance air connectivity......

US official highlights investment opportunities in Morocco’s Sahara

Morocco’s Sahara region is emerging as a hub for American investment, with significant opportunities across key sectors, according to Gerard Philippeaux, Executive Director of the International Trade Coalition of Miami-Dade County. Speaking after a meeting with a Moroccan economic delegation in......

Morocco ranks among Africa’s top 5 investment destinations, says RMB report

Morocco remains one of Africa’s most attractive investment destinations, according to the Where to Invest in Africa 2025/26 report released by South Africa’s Rand Merchant Bank (RMB) on Monday. The North African nation secured a spot in the continent’s top five economies for investors,......

Uber strengthens ties with Chinese robotaxi firms through $100 million investment

Uber Technologies is set to invest $100 million in Pony AI, a leading Chinese robotaxi company, as part of a strategic move to deepen its foothold in the rapidly expanding autonomous vehicle market. The investment will be made via Pony AI’s initial public offering (IPO) in Hong Kong, which launched......