king Mohammed VI

Morocco to Receive $20 Million US Foreign Military Financing in 2026

Morocco, Washington’s longstanding ally and strategic partner, will receive $20 million in Foreign Military Financing (FMF) in 2026, according to a Bill passed lately by the U.S. House of Representatives. The American FMF program provides financial support to friendly foreign governments to fund the purchase of American weapons, defense equipment, services and training. The goal is […]

Société Générale Morocco rebrands to Saham Bank

Subsidiary of French bank Société Générale has officially rebranded to Saham Bank, six months after Saham Group completed the acquisition. Société Général sold its Moroccan bank and its insurance subsidiary to Saham Group in 2024, worth 745 million euros. The transaction, which involved the acquisition of 57.67% of SGMB’s capital and voting rights, was first […]

Electric Vehicles: LG Energy Solution Chooses Morocco to Secure Lithium Supplies

Morocco’s gigafactory ecosystem is taking form. South Korean LG Energy Solution Ltd, the world’s 2nd-largest battery maker for electric vehicles, turned to Morocco to secure lithium supplies through an association with Chinese Yahua. On Wednesday, LG Energy Solution Company signed a Memorandum of Understanding with lithium compound manufacturer Yahua to produce lithium hydroxide in the […]