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Moroccan, US Armies hold African Lion 2024 with participation of 20 countries & NATO

Morocco’s Royal Armed Forces (FAR) and the US Armed Forces will be jointly conducting, for the twentieth time, the “African Lion 2024” from May 20 to 31 at Benguerir, Agadir, Tan-Tan, Akka and Tifnit, FAR General Staff announced in a statement. Besides the FAR and the US Armed Forces, around 7,000 military personnel from some […]

OCP Group Posts Record 97 Billion Dirham Revenue in 2024

Morocco’s phosphate giant OCP Group achieved exceptional financial performance in 2024, recording revenue of 96.99 billion dirhams and net profits surging 46% to 20.9 billion dirhams, marking the company’s second-best year in history while accelerating its green transformation initiatives. The state-owned company, which controls over 70% of global phosphate rock reserves and holds 31% market […]

Morocco poised to become nearshoring hub for German high-tech services

Morocco is becoming a more attractive nearshoring destination for German companies facing a structural shortage of skilled labor, according to a new assessment by Germany Trade & Invest (GTAI). The agency says Morocco is moving beyond traditional offshoring and gaining credibility as a base for higher-value digital and engineering services. The country’s offshoring sector already […]