Fitch Gives Morocco ‘BBB’ Rating

Global rating agency Fitch has affirmed Morocco’s Long-term foreign currency Issuer Default Rating (IDR) at ‘BBB-‘, Long-term local currency IDR at ‘BBB’, and Short-term foreign currency IDR at ‘F3’. The agency has also given the North African Kingdom a “stable outlook” and affirmed the country ceiling at ‘BBB’. Morocco’s ‘BBB-‘ rating is supported by a […]

Automotive: BENTELER Group Opens Plant in Morocco, Boosting Local Industrial Ecosystem

Germany’s automotive supplier BENTELER has just opened a state-of-art smart factory in Morocco Atlantic Free Zone in Kenitra. Over $42 million has been invested in the new factory which created more than 300 direct jobs, in addition to many indirect employment opportunities throughout the local value chain. The 17,000 m² plant, built on 50,000 m² […]

Palestinian President’s advisor commends King Mohammed VI for his unwavering support for Palestinian cause

Palestinian President’s Adviser for Religious Affairs, Mahmoud El Habach, commended Morocco’s consistent support for the Palestinian cause on all fronts, under the leadership of King Mohammed VI, Chairman of the Al-Quds Committee. In a press briefing after talks with Minister of Foreign Affairs, Nasser Bourita, hailed, in Rabat on Thursday, the Palestinian official expressed his […]