Business Emerging Markets Energy Headlines International Morocco

ICSID rejects most Corral Holding’s claims in Samir refinery case

the International Centre for Settlement of Investment Disputes (ICSID) of the World Bank rejected most of the claims of Corral Morocco Holding, owned by Saudi billionaire Al Amoudi in a case filed against the Moroccan government over the shut-down of Samir refinery. The arbitration institution ordered Morocco to pay just 6% of the total 2.7 […]

Emerging Markets Headlines Morocco

Morocco’s farming sector to the test of drought

Six consecutive years of drought left Morocco’s agricultural dams at a critical filling rate, prompting a halt of irrigation in key farming areas. This year’s cereals harvest is expected to drop 43% to 3.12 million tons only, due to a lack of rainfall that induced a reduction in the cultivated area. Rainfall was down 34% […]

Business Emerging Markets Headlines Morocco

Three Moroccan hotels in the World top 100 list

Three Moroccan hotels in the country’s main tourist hub Marrakech were voted in a ranking by Travel and Leisure magazine among the world’s best 100. Hotel Selman in Marrakech was ranked fifth, while Mammounia took the 18th position followed by Mansour Marrakech 55th, following a vote by the magazine’s readers for the World’s Best Awards. […]

Business Emerging Markets Headlines Morocco

Morocco’s tourist arrivals up 14% in first six months this year

Morocco has received 7.4 million tourists in the first six months this year, up 14%, a pace that let the tourism minister express optimism to attain the 17.5 million tourists ahead of the 2026 target. The performance of the tourism sector up to June this year was 38% higher compared with the same period in […]

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Ryanair opens fourth Moroccan base in Tangier

A European low-cost carrier opened its fourth base in Tangier that will connect the northern city to domestic and European destinations in line with the country’s tourism strategy. The new base will help the airline to connect Tangier with 25 destinations, of which 13 are new destinations, with eight being cities within Europe and the […]

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ECOSOC: Morocco’s commitment to Africa’s food security highlighted in New York

Morocco’s Permanent Mission to the United Nations in New York and the OCP Group jointly organized a high-level event on the food security in Africa, as part of the High-Level Political Forum of the UN Economic and Social Council (ECOSOC) on Sustainable Development taking place July 8-17. The meeting, held under the theme “Sustainable Development […]

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Cooperation with Accor group to bolster tourism industry in Morocco discussed in Rabat

Means to upgrade cooperation between Accor group and Morocco to bolster the tourism industry in the Kingdom were discussed at a meeting held in Rabat Thursday between the tourism group’s CEO Sébastien Bazin and Head of Government Aziz Akhannouch. Talks focused on strategies to advance Morocco’s tourism sector, particularly in anticipation of the 2030 World […]

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Guinea-Bissau, Chinese leaders hold talks, upgrade ties, as experts warn of dependency risk

Guinea-Bissau and Chinese presidents held talks in Beijing on Wednesday (10 July), with the two leaders announcing that the relations between both countries will be elevated to a strategic partnership. Umaro Sissoco Embalo, President of the Republic of Guinea-Bissau, who is in China for a 5-day state visit ending on 13 July, was hosted by […]

Emerging Markets Finance Headlines Morocco

AfDB lends Morocco Over €600 Mln to fund four inclusive development projects

The African Development Bank has agreed to provide Morocco four loans totaling over €600 million to enable the North African Kingdom build a 105-km long highway, enhance territorial competitiveness, modernize the university, and support sustainable forest development. The agreements were signed Wednesday in Rabat by Minister in charge of the budget Fouzi Lekjaa and the […]

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Beijing wants Rabat to use its leverage to ensure success to upcoming China-Africa Forum

The Moroccan government has pledged to work with China and African countries to ensure success to the China-Africa Cooperation forum scheduled in Beijing in September. The pledge was made by Morocco’s top diplomat Nasser Bourita during talks held Wednesday in Rabat with Chinese Special Envoy for the Middle East Zhai Jun. The Chinese official said […]