Morocco’s government is spending at least 1.6 billion dirhams ($160 million) a month on measures to cushion households and businesses from higher energy and transport costs, Budget Minister Fouzi Lekjaa said. The support package focuses on subsidies for butane gas, electricity price freezes and financial aid for professional transport operators, Lekjaa told reporters. State support […]
US automotive company Adient is set to establish a new production unit for fairings in the industrial zone of Kenitra, western Morocco. The project related agreement was initialed Monday by Moroccan Minister of Industry and Trade, Moulay Hafid Elalamy, and the company’s Executive Vice President EMEA, Michel Berthelin. The project, requiring a budget of […]
Morocco’s Ministry of Endowments and Islamic Affairs has allocated 105 million dirhams ($11 million) to support 18 associations managing Islamic centers in Europe and Canada, strengthening religious guidance for Moroccan diaspora communities. Minister Ahmed Toufiq announced the funding Monday while addressing the House of Representatives regarding support for Islamic centers serving Moroccans residing abroad and […]
