Moroccan industries

Spanish Aciturri aeronautics group acquires moroccan GOAM, moves to Casablanca

The Spanish aerospace group Aciturri Aeroengines moved into Casablanca following the acquisition of the Moroccan company GOAM Industrie. “Aciturri Aeroengines has officially acquired GOAM Industrie, a manufacturer of engine components located in Casablanca’s Midpark, specializing in the production of turbine and aircraft engine parts,” stated the Spanish group in a statement posted on the social […]

Egyptian, Palestinian PMs stress need for ceasefire to support Gaza’s reconstruction

The Egyptian and Palestinian Prime ministers stressed the importance of maintaining a ceasefire in Gaza to enable early recovery and reconstruction efforts. During a meeting in Cairo on Sunday March 23, Egyptian Prime Minister Mostafa Madbouly reaffirmed his country’s unwavering support for the Palestinian people and their right to remain on their land throughout the […]

Morocco resorts to foreign debt to boost forex reserves

The Moroccan parliament has adopted a decree allowing the government to resort to unlimited foreign borrowing in order to ensure enough international reserves to fuel the economy. Morocco’s trade balance has been chronically suffering from a trade deficit that has deepened in the first quarter this year due to falling exports as a consequence of […]