morocco-economy

French fellow under international arrest warrant nabbed in Marrakech

Moroccan Police nabbed Saturday at the Marrakech-Menara International Airport a 58-year-old French national in execution of an international arrest warrant issued by a Swiss court. The French national has been sued for fraud and sentenced to a prison term in absentia, said Sunday the Directorate General of National Security (DGSN) in a statement. According to […]

Morocco: WB Supports Casablanca Development Plan with $100 Additional Funding

The World Bank has approved a $100 million additional financing for the Casablanca Municipal Support Program. The amount adds to the initial program of $200 million originally approved in 2017. The program supports the city’s financial and institutional strengthening under the Greater Casablanca Development Plan (Plan de Développement du Grand Casablanca, PDGC) with the aim […]

EV Battery: China’s Tinci to invest $280 Mln in new plant in Morocco

Morocco’s gigafactory project and EV ecosystem have been boosted with the $280 million new investment announced Wednesday by Chinese Tinci Company for its plant to be built in the North African Kingdom. The new factory will produce and sell lithium-ion battery materials. It will also help the Chinese firm to better serve the European market, […]