drug seizure in Tangier

Hyundai Rotem secures historic $1.5 billion Morocco rail contract

South Korean rail manufacturer Hyundai Rotem inaugurated its first Moroccan subsidiary this August, marking the company’s third African establishment following Egypt and Tunisia, as part of a historic $1.5 billion railway modernization contract. The landmark deal, signed in February 2025, represents Hyundai Rotem’s largest-ever railway contract worth approximately 2.2 trillion won. The agreement covers delivery […]

With Africa’s ‘France Out’ campaign gaining momentum, Paris’s influence set to erode further — experts

France faces a significant challenge to its influence in West and Central Africa as Chad, Senegal and most recently also Ivory Coast have announced the end to traditional military cooperation with their former colonial master, experts say, adding that this would unravel France’s remaining logistics and military footprint in the region. In recent months, six […]

Bank Al-Maghrib Expected to Hold Key Rate at 2.25% as Macro Indicators Converge

Bank Al-Maghrib’s Council is scheduled to meet on Tuesday 23 June to set its monetary policy stance for the third quarter of 2026. A review of the latest available macroeconomic indicators points toward a hold on the key rate at its current level of 2.25 percent, with neither an increase nor a cut appearing well-supported […]