Asia Business Emerging Markets Headlines International Morocco

Morocco, Japan poised to bolster sea fisheries, aquaculture cooperation

Morocco and Japan have expressed their shared will to bolster their cooperation in sea fisheries and aquaculture. During the 38th Morocco-Japan Annual Fisheries Consultation, held this week in Rabat, the two parties have expressed their commitment to contribute to the sustainable management of fisheries resources, the Ministry of Agriculture & Fisheries, said in a press […]

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US State Department highlights assets making of Morocco a foreign investments magnet

The US State Department has highlighted the assets that make of Morocco a magnet for foreign investments, such as its positive macro-economic policies, trade liberalization, and structural reforms. “Morocco actively encourages and facilitates foreign investment, particularly in export sectors like manufacturing, through positive macro-economic policies, trade liberalization, investment incentives, and structural reforms,” said the US […]

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Port operator Marsa Maroc expands to Africa

Morocco’s top port operator, Marsa Maroc, said it will operate terminal 1 and 5 in Cotonou’s port after winning an international tender issued by the company in charge of cargo handling, Société Béninoise des Manutentions Portuaires (SOBEMAP). Marsa Maroc saw its shares in the Casablanca stock exchange surge following the announcement which marks the first […]

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From Toulouse to Seattle, RAM enhances its partnerships with Airbus, Boeing

The Royal Air Maroc (RAM) CEO Abdelhamid Addou recently visited Boeing’s facilities in Seattle, USA, following an earlier similar meeting with Airbus in Toulouse, France. These visits, according to the Moroccan website Aeronautique, are part of RAM’s efforts to finalize an order for 188 new aircraft, aligning with Morocco’s tourism strategy for 2023-2026. RAM delegation […]

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UAE to resume issuing visas to Nigerians

The UAE will resume issuing visas to Nigerian nationals following a ban that was imposed in 2022, after Nigerian authorities prevented Fly Emirates from repatriating funds. The decision was announced by Nigeria’s information minister Mohammed Idris, who added that the two countries would resume direct flights. “I can tell you that the agreement has been […]

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Germany’s top diplomat visits West Africa to mend ties amidst Sahel instability

Germany’s top diplomat has talked up the prospect of closer political ties with Senegal and the Ivory Coast, two of the last democracies in a region otherwise plagued by sectarian conflict, in the latest attempt by a senior EU politician to rebuild the bloc’s political influence in West Africa. Germany’s Foreign Minister Annalena Baerbock is […]

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Morocco offers construction aid to 95% of quake-hit households

The Moroccan government said it offered construction aid to 95% of the households whose homes were completely or partly destroyed in the violent earthquake that ravaged villages in the High Atlas Mountains in September 2023. So far, 56,000 families received financial aid to rebuild their houses for a total cost of 1.4 billion dirhams ($140 […]

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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% […]

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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. […]