Corona Palestinian territories

Morocco’s navy in talks with Turkey to acquire military vessels

The Moroccan Royal Navy is in talks with Turkish shipbuilder Ares Shipyard to buy 15 vessels including 10 ARES 35 FPBs and 5 ARES 80 SATs to bolster the kingdom’s coast guard’s fight against illegal migration. The talks, according to Tactical Report, are ongoing but the media did not reveal the value of the deal […]

Moroccan H&S Invest Holding partners with French Casino Group to open over 210 convenience stores in Morocco

French retailer Casino group has partnered with Moroccan H&S Invest Holding to open more than 210 convenience stores under the Franprix and Monoprix brands across Morocco over the next ten years. The partnership agreement was signed Monday in Rabat by Moncef Belkhayat, President of H&S Invest Holding, and Philippe Palazzi, CEO of Groupe Casino. The […]

Morocco braces for deepening budget, trade deficits on back of global economic uncertainties

The surge of commodities prices and its impact on subsidized products augurs ill for the Moroccan economy which has to prepare for a deepening budget and trade deficits. The price of oil has increased from an average of $70 per barrel to $120 while wheat prices tripled, smashing a record high of $375/t as the […]