Moroccan industries

Morocco’s economic growth to drop to 0.7% due to drought, war in Ukraine

Morocco’s central bank revised downwards this year’s growth forecast to 0.7% amid rising inflationary pressures due to fallout of the war in Ukraine and as Morocco faces an unprecedented growth. The Bank said Morocco’s cereals harvest will drop to 25 million quintals from 103 million quintals last year, amid a 57% rainfall deficit which meant […]

Morocco’s northern industrial zone breaks new turnout record

The Tangier-Med industrial zone, the largest industrial cluster in Africa, reported a turnover of 113 billion dirhams ($13 bln) in 2022 breaking a new record thanks to its attractiveness to investors. The total revenue generated by the industrial zone was up 45% in 2022 compared to a year earlier as 35 new operators set up […]

OIC Commends King of Morocco for his Tireless Defense of Jerusalem

The Council of Foreign Ministers of the member states of the Organization of Islamic Cooperation (OIC) has commended King Mohammed VI, Chairman of the Al-Quds Committee, for his tireless efforts to defend the holy Islamic sites in Jerusalem and counter Judaization attempts of the holy city by the Israeli occupying authorities. The Council, which convened […]