First Independent Mena Newspaper
Morocco has reaffirmed its commitment to a sustainable energy future with a new strategic agreement aimed at boosting electricity production from renewable sources to 52% of installed electricity capacity by 2030. The agreement brings together the Moroccan government, the National Office of Electricity and Drinking Water (ONEE), the Moroccan Agency for Sustainable Energy (MASEN), and […]
Egypt’s Suez Canal recorded a 14.2 percent year-on-year revenue increase between July and October, driven by easing tensions in the Red Sea and renewed vessel movement following the Gaza ceasefire. Canal Authority Chairman Osama Rabie confirmed that 229 ships transited in October, the highest monthly tally since the onset of the regional crisis, with 4,405 […]
Royal Air Maroc achieved “very positive” results for 2025 despite ongoing supply chain challenges, with plans to acquire or lease between 12 and 15 aircraft annually as part of its expansion strategy, CEO Hamid Addou announced Tuesday in Rabat. Speaking at the closing press conference of the 58th Arab Air Carriers Organization annual assembly, Addou […]
Morocco unveiled its “Made in Morocco” label during the third National Industry Day held November 3-4 in Rabat, marking a strategic push to enhance manufacturing competitiveness and territorial development under royal patronage. Prime Minister Aziz Akhannouch highlighted infrastructure investments supporting industrial growth, including Tanger Med Port, over 1,800 kilometers of highways, 157 industrial zones, and […]
Morocco’s tourism sector is poised to approach 20 million visitors by year-end 2025 while surpassing 120 billion dirhams in revenue—a target originally set for 2026—according to Tourism Minister Fatim-Zahra Ammor. Speaking with local media, Ammor attributed the accelerated growth to multiple factors, including international tourism’s post-pandemic recovery and Morocco’s elevated profile following the 2022 World […]
Morocco’s modernisation is an inspirational success. The country has built world-class ports, attracted tens of billions in investment, and positioned itself as a bridge between Africa and Europe—and between East and West, says Modern Diplomacy magazine in its latest edition. Since 2020, the country has drawn about $40 billion in greenfield manufacturing investment, becoming the […]
A delegation representing several Spanish aerospace companies from Seville and Cadiz visited lately Casablanca to explore the investment opportunities offered in the Kingdom’s aeronautic sector, generating annual revenue exceeding $ 2.8 billion. The Spanish trade mission was organized by Andalucía TRADE, Andalucía Aerospace and Moroccan grouping of aeronautical & space industries (GIMAS) to strengthen business […]
Morocco’s industrial sector marked a historic breakthrough in 2024, generating 898 billion dirhams in revenue and achieving a record 30% increase in investment, industry and trade minister, Ryad Mezzour said. Speaking at the presentation of the Industry barometer, Mezzour said 2024 was “a decisive turning point” in Morocco’s industrial development. He emphasized the sector’s growing […]
The Moroccan government and Renault Group have signed an amendment to their existing investment agreement, marking a significant new chapter in the strategic partnership between the Kingdom and the French automotive manufacturer. Under the agreement, signed in Rabat, Renault will expand its operations to open its platforms to more hybrid and electric car production. Renault […]
Morocco’s phosphate giant OCP Group achieved exceptional financial performance in 2024, recording revenue of 96.99 billion dirhams and net profits surging 46% to 20.9 billion dirhams, marking the company’s second-best year in history while accelerating its green transformation initiatives. The state-owned company, which controls over 70% of global phosphate rock reserves and holds 31% market […]