Germany extends Morocco loans, grants worth €701.3Mln

Germany will extend Morocco loans and grants worth €701.3Mln within the framework of financial and technical cooperation between the two countries. Three agreements related to the funding were signed Wednesday in Rabat by Minister of Economy and Finance Mohamed Benchaaboun, and Germany’s Ambassador to Morocco Götz Schmidt-Bremme. The agreements reflect the excellence of cooperation relations […]

King Mohammed VI launches major development projects at Casablanca port complex

On Thursday, King Mohammed VI oversaw the inauguration and inspection of several major projects forming part of the redevelopment of the Casablanca Port Complex, designed to enhance the city’s economic vitality and tourism potential. With an estimated investment of 5 billion dirhams, the initiative features the development of a new fishing port, a shipyard, a […]

H&M, Starbucks to stay in Morocco

Kuwait’s Al Shaya group which operates Swedish ready-to-wear stores H&M and US brand café chain Starbucks in the MENA region and in Europe said it maintains business in Morocco, denying news reports that it was going to phase out from the country. Last week, Maroc Hebdo weekly said the Kuwaiti group will withdraw the two […]