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Midparc at Near-Capacity as Aeronautics Demand Triples: Extension Under Study

Midparc, the 128-hectare aeronautical industrial park at Nouaceur near Casablanca, is approaching saturation and planning an extension, its CEO Hamid Benbrahim El Andaloussi told Le360 in a detailed interview published Sunday. The park, inaugurated by King Mohammed VI on September 30, 2013, today hosts approximately thirty companies including Airbus with two factories, Safran, Pratt & […]

EP Acknowledges Positive Impact of Tariff Preferences on Sahara Provinces

The European Parliament has acknowledged the positive impact that tariff preferences granted to agricultural and fisheries products from the Sahara have on these Southern provinces. “The tariff preferences enjoyed by the territory between 2013 and 2016 had a positive impact on the agricultural and fisheries sector, investment in infrastructure, health and education. The non-application of […]

Fitch: Moroccan Banks show resilience despite Macro-economic challenges

Moroccan banks continue to show resilience despite challenging global and domestic macro-economic conditions, Fitch Ratings says in a new report focusing on the country’s seven largest banks. Banks have built up healthy provisions buffers since 2020 and are well-placed for a continued recovery in profitability in 2024 amid rising interest rates, says the rating agency. […]