Casablanca Finance City

Morocco reiterates rejection of violence in Al Quds

Morocco has reiterated its strong rejection of the violent acts that shook Al Quds and denounced unilateral measures by Israel to affect the legal status of the holy city, venerated by three monotheistic religions. Speaking at an Arab Foreign Minister’s meeting on the latest developments in Al Quds, Morocco’s FM Nasser Bourita stressed Morocco’s position […]

Morocco exports $60 mln of electricity in 2021

Morocco exported 851 Ghw of electricity in 2021, worth 565 million dirhams ($60 million), as it continues to diversify its energy mix away from fossil fuels, the treasury said. Electricity exports were up 700% compared to a year earlier while imports grew only 20% to 688 Gwh, the treasury said in a recent report. The […]

Biden ends Africa trip with commitment to critical minerals corridor

President Joe Biden wrapped up an African visit during which he promised US investments to counter a growing Chinese influence, while focusing on the Lobito corridor that will ease the transport of critical minerals to the US market. The corridor has been at the heart of the US African strategy due to its potential in […]