Business Columns Emerging Markets Europe Headlines International Morocco

Morocco well-placed to diversify markets in response to EU’s judicial uncertainties

A politically-motivated ruling by the European Court of Justice could push Morocco towards seeking alternative markets for its fresh produce and fisheries to avoid the legal uncertainties in an EU market where international deals are now led by biased judges disconnected from reality rather than diplomats and politicians. The final ruling declared the EU trade […]

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Fisheries & Farming Accords: EU voices strong attachment to strategic partnership with Morocco

The European Union has expressed strong attachment to the strategic partnership built with Morocco, following the ruling issued Friday by the European Court of Justice on the fishing and agricultural agreements concluded between the North African Kingdom and the European bloc. “The EU reiterates the high value it attaches to its strategic Partnership with Morocco, […]

Business Emerging Markets Europe Headlines International Morocco

Morocco in no way concerned with ECJ ruling on farming & fisheries agreements – Foreign Ministry

Morocco considers itself in no way concerned by the ruling on the agricultural and fisheries agreements issued by the European Union Court of Justice this Friday, says the Ministry of Foreign Affairs, which stresses that the Kingdom was not involved in any phase of the proceedings. “Morocco is not a party to this case, which […]

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OCP Africa helps Mali develop sustainable agriculture

OCP Africa, a subsidiary of Morocco’s OCP Group, the world leader in plant nutrition solutions and phosphate-based fertilizers, will provide Malian farmers with customized solutions for the development of sustainable agriculture. Under an agreement signed Thursday with Mali’s ministry of agriculture, OCP Africa experts will conduct scientific studies and carry out tests in experimental plots […]

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Morocco seeks 60,000 tons of rail for Marrakech TGV

Morocco has launched a tender for 60,000 tons of rail to extend Africa’s fastest train to Marrakech. Morocco has inaugurated the high-speed train, known as TGV or Bourak in Arabic, in 2018 linking Casablanca to Tangier. The new railway would cost 612 million dirhams ($62 million), Moroccan state-owned rail operator ONCF said. Morocco’s extension of […]

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Morocco launches post-flood reconstruction plan

Morocco has launched a reconstruction plan in flood hit areas worth 2.5 billion dirhams ($260 million), the government said. The plan will be funded by the Moroccan fund for addressing natural disasters, the head of the government office said. The funds include financial aid to help rebuild 1,121 houses, including 269 homes that have been […]

Africa Emerging Markets Finance Headlines International Morocco

Morocco tops list of African countries offering highest salaries, Vanguard

Morocco topped the list of African countries where workers earn the highest salaries, according to a survey by Nigerian media the Vanguard. Morocco came first on the list “with an average salary of $2,031 due to its diversified economy, strong sectors like tourism, textiles, and mining, and strategic investments in infrastructure,” the media said. The […]

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Automotive sector leads Morocco’s exports in January-August

The automotive sector continues to top Morocco’s exports in the first eight months this year at 10.3 billion dollars, up 7.6%, Morocco’s foreign exchange agency said. Morocco is home to two production plants by Renault and Stellantis and has an ecosystem of parts producers as it has also attracted Chinese EV battery manufacturers. Despite consecutive […]

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Morocco’s tourism revenue at record $1.75 bln in August

Morocco’s tourist receipt grew 20% in August to a record 17 billion dirhams or $1.75 billion, underscoring a strong recovery of the sector, the tourism ministry said. In the first eight months this year, travel receipts increased 7% to 76 billion dirhams ($7.8 bln), it said in a statement. “These results confirm the unprecedented momentum […]

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Morocco’s King expresses eagerness to expand the close, promising relations with China

King Mohammed VI has expressed his eagerness to promote and expand the close and promising relations existing between Morocco and China that he described as “model” relations. This came in a message of congratulations that the Monarch addressed to President Xi Jinping on China’s National Day. In his message, the King highlighted the “excellent level” […]