Europe Headlines International Morocco

Morocco, Italy discuss in Rabat security threats, cross-border crime 

Director General of National Security and Territorial Surveillance, Abdellatif Hammouchi, and visiting Director General of Italian Public Security, Vittorio Pisani, discussed at a meeting in Rabat Monday security threats and current international crises and their potential repercussions on the security of Morocco and Italy. The two sides also discussed the dangers of cross-border crime, including […]

Americas Asia Headlines International Morocco

Situation in Gaza: Morocco stresses importance of US President’s proposals; hopes parties concerned will commit to implementing roadmap

Morocco has stressed the importance of the proposals put forward by US President Joseph R. Biden, aimed at, among others, promoting a lasting ceasefire in Gaza, and expressed hope that the various parties concerned will commit to implementing the roadmap proposed. The Moroccan Foreign Affairs Ministry said in a statement that Morocco, whose Sovereign is […]

Algeria Headlines

Water cuts trigger unrest in Western Algeria

The city of Tiaret in western Algeria has been rocked by violent clashes as citizens take to the streets torching tires and protesting water cuts. Videos shared on social media showed Tiaret citizens blocking roads and denouncing 20 days of water outage, after a dam that supplies the city went empty. Algeria’s media, mostly mouthpieces […]

Asia Business Emerging Markets Headlines International Morocco

Morocco-Korea: Towards establishment of legal framework on trade, investment

Morocco and south Korea are heading towards the establishment of a legal framework on trade and investment, with the aim to conclude an Enhanced Partnership Agreement (EPA). This was stated in a joint communiqué that was signed in Seoul by the Korean Minister of Trade Inkyo Cheong and Moroccan Foreign Minister Nasser Bourita, who participated […]

Headlines Morocco

Morocco seizes 18.2 tons of cannabis resin

The Moroccan police seized 18.243 tons of cannabis resin and arrested five people as they were unloading the banned substance into rapid dinghies on the coast of Sidi Rehal, near Casablanca. Investigations have been opened into connections of the gang with local and international trafficking networks, the police said in a statement. In July, Morocco […]

Africa Asia Business Emerging Markets Headlines International

South Korea seeks foothold in Africa

South Korea is hosting 48 African nations at a summit in Seoul to discuss cooperation on key minerals and other development projects in the growing African market, where great powers vie to strengthen their influence. Africa is a “crucial partner” for South Korea to further its industrial advances and “cooperation with Africa is not a […]

Columns Emerging Markets Europe Headlines International Morocco

Morocco-France high joint committee to be held on July 4

Morocco and France are preparing to hold their high joint committee on July 4 in Rabat, marking a patch up of ties after a period of silent diplomatic tension, Moroccan media reported. The committee will be co-chaired by Morocco’s Prime Minister Aziz Akhannouch and his French counterpart Gabriel Attal, who will be having his first […]

Emerging Markets Europe Finance Headlines International Morocco

Morocco’s OCP Group secures €200M green finance from Germany’s KfW

OCP Group, the world leader in plant nutrition solutions and phosphate-based fertilizers, announced it has finalized a €200 million financing agreement with KfW, Germany’s development and investment bank, to enhance global food security and combat climate change. The KfW loan is a significant contribution towards OCP Group’s $13 billion green investment strategy for 2023-2027 to […]

Energy Headlines Morocco

Morocco opts for floating LNG facility in Nador West Med

Morocco is preparing to launch a tender this summer to build a floating regasification unit in the port of Nador West Med, an energy ministry official said. A financial close is expected in 2025, with construction and entry into service seen in 2026, the official in charge of oil and gas at the ministry was […]

Emerging Markets Finance Headlines Morocco

AfDB expects Morocco’s growth to reach 3.5% in 2024 & 3.8% in 2025

Morocco’s economic growth is expected to reach 3.5 pc in 2024 and 3.8% in 2025, driven by higher investment, according to latest projections released by the African Development Bank. In its African Economic Outlook 2024 report, the Bank said inflation is projected to fall slightly to 4.1% in 2024 and 3.8% in 2025, as world […]