Algerian NGO

Morocco Targets Producing 1 mln cars annually by 2025

Morocco raised its automotive industry target to 1 million vehicle by 2025 in light of the positive results shown by the sector. Minister of Industry Moulay Hafid El Alamy voiced confidence in achieving such a goal, which could generate 200 billion dirhams. He said the current performance of Morocco’s car industry is moving at a […]

Economy: Fitch affirms Morocco’s ‘BB+, stable outlook

Fitch Ratings has affirmed Morocco’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB+’ with a stable outlook. Morocco’s ‘BB+’ ratings reflect sound macroeconomic policies, strong official creditor support, favorable debt profile and comfortable international liquidity buffers, explained the agency in a commentary published on its official website. Fitch indicated that Real GDP growth was stable […]

Moroccan King’s strategic initiatives for developing countries highlighted at MICs conference in Manila

The strategic initiatives spearheaded by King Mohammed VI in favor of developing countries were highlighted at the ministerial conference of middle-income countries (MICs) held in Manila, Philippines, April 28 – 29. During the conference, marked by the official handover of the MICs Group chairmanship from Morocco to the Philippines, Morocco’s Permanent Representative to the United […]