Moroccan Royal navy

China’s Hailiang, Shinzoom to join Morocco’s EV battery ecosystem

China’s copper foil producer Hailiang and anode maker Shinzoom signed a deal with Tanger Tech to build two plants for a total investment close to $1 billion, adding to a list of Chinese electric battery investors in the Kingdom. Hailiang signed a deal with Tanger Tech to build a copper factory for a total cost […]

Morocco advances railway ambitions at Beijing global summit

Morocco has strengthened its position in the global railway sector through high-level participation at two prestigious international conferences in Beijing, showcasing the kingdom’s achievements and future ambitions in high-speed rail development. The National Railway Office (ONCF) represented Morocco at the 106th General Assembly of the International Union of Railways (UIC) and the 12th World Congress […]

Morocco’s BCP Bank posts 10.6% net banking income increase

Morocco’s second biggest lender, BCP, said its net banking income rose 10.6% to 22.8 billion dirhams in 2023. This performance is attributed to the strengthening of the interest margin by 1.9%, an 8% growth in the commission margin, and an increase in the result from market activities by 65.8%, the bank said. The bank’s net […]