LNA spokesman Ahmad al-Mismari

Morocco’s growth to rebound to 4.5 pc in 2021; Kingdom to repay part of LPL in advance – IMF

Morocco’s GDP growth is expected to increase to 4.5 percent in 2021 as the effects of the drought and pandemic wane and monetary and fiscal policy remains accommodative, announced on Wednesday the International Monetary Fund. In a press release issued after concluding 2020 Article IV Consultation with Morocco, the IMF Executive Board also said that […]

Automotive Industry: Japanese Sumitomo strengthens its presence in Morocco; targets 16,000 new jobs by 2028

The Japanese Sumitomo corporation intends to expand its operations in Morocco with the launch of nine new industrial units for the manufacturing of wiring and components in different regions of the Kingdom for a total investment of 1.96 billion dirhams. The framework agreement between Morocco and Sumitomo corporation for the development of these industrial projects […]

Morocco, Germany keen to seal a new partnership

Morocco and Germany have both expressed keenness to give a new momentum to the two countries’ ties and to seal a new partnership. The announcement came in a joint statement by Morocco’s Foreign Affairs Minister Nasser Bourita and his German counterpart Annalena Baerbock issued Wednesday following a first video conference between the two officials, after […]