Automotive industry unseats phosphates again as Morocco’s top exporting sector

Sales abroad by all segments of the automotive sector gained traction in the first quarter this year becoming Morocco’s top exporting sector again ahead of phosphates’ sales which topped exports last year. Morocco is home to two large plants by Stellantis and Renault as well as an automotive ecosystem exporting wire harness and interior parts […]

Moroccan employers happy with interest rate cuts

Head of Moroccan employers association (CGEM) Chakib Alj said the key interest rate and reserve requirement cut to 1.5% and 0% respectively are conducive for an economic recovery from the repercussions of the coronavirus. These cuts give banks more flexibility in financing enterprises during this crisis notably SMEs, he told local media. The government has […]

East Cairo Monorail Set for Landmark Launch on 9 November

Egypt will inaugurate the first phase of the East Cairo Monorail on 9 November, marking a transformative step in Greater Cairo’s transport modernization agenda. Announced by Deputy Prime Minister and Minister of Industry and Transport, Kamel El-Wazir, during the second Cairo Forum, the project forms part of a broader national vision to enhance connectivity between […]