Emerging Markets Headlines International Morocco

Morocco wins presidency of UN Human rights Council

Morocco was comfortably elected to the presidency of the UN Human Rights Council, in recognition for its rights achievements and the credibility it enjoyed. Morocco received 30 votes, despite the hostile campaign waged against its presidency bid by Algeria and South Africa. Morocco’s contender South Africa got only 17 votes, a crushing defeat for a […]

Africa Business Columns Emerging Markets Headlines International Mauritania Morocco

Backlash at Mauritania’s customs duty hike on Moroccan goods

Mauritania has hiked customs duty on goods entering the country from the Guerguarat border crossing with Morocco, triggering the wrath of local consumers who see the move as a hit to Mauritanians purchasing power. Most goods transiting through El Guerguarata to Mauritania and the wider West African regions are fresh produce. The hike meant that […]

Business Emerging Markets Headlines International Morocco

Morocco diversifies wheat suppliers in 2023

Morocco has diversified its wheat suppliers in 2023 to avert dependence on a single source and avoid the impact of geopolitical tensions on supplies. In 2023, Morocco imported 4.758 tons of soft wheat, compared with 5.27 tons in 2022, when the war broke out in Ukraine, sending prices skyrocketing, according to Morocco’s cereals agency ONICLE. […]

Asia Business Emerging Markets Headlines International Morocco

Houthis’ Red Sea attacks spike Asia-Morocco shipping cost by over 60%

The hijacking of commercial ships and drone attacks by the Iran-backed Houthi rebels have disrupted global supply chains and sparked a jump in Asia-Morocco shipping costs by 60% to 100%. “The cost of shipping a 20-foot container from Shanghai to Casablanca increased from $1,450 to $2,800 (from €1,324 to €2,557) since last month’s 15th,” Rachid […]

Business Emerging Markets Headlines

Tanzania aims high to become go-to-market for all of Africa’s electrical equipment needs

Tanzania is venturing into the manufacture of electrical equipment aiming to become a key player in the industry, which is part of the government’s strategy to diversify the East African country’s economic portfolio. During her recent visit to Multi Cable Limited (MCL), a Dar es Salaam-based factory, Tanzania’s Industry and Trade Minister, Ashatu Kijaji, sought […]

Business Egypt Emerging Markets Headlines

Russian EVs producer Concordia to set up manufacturing factory in Egypt

Concordia, a Russian manufacturer of electric vehicles (EVs), will set up an EV components manufacturing factory in Egypt as part of deal with real estate developer GV Investments. Per the partnership, GV Investments will provide the plot of land needed for the project and construct the factory, reports say. The future factory is expected to […]

Asia Business Emerging Markets Headlines International Morocco

Moroccan-Saudi Economic Forum Convenes in Riyadh Jan. 21-22

A Moroccan-Saudi economic forum will be held in Riyadh this January 21-22 by the Moroccan Employers’ Association (CGEM) in cooperation with the Federation of Saudi Chambers. The program of the forum features presentations on the business climate in Morocco and Saudi Arabia, a session on investment opportunities in the two countries, a meeting of the […]

Business Emerging Markets Headlines Morocco

Morocco featured among top destinations to visit in 2024 – CNN Travel

Morocco is featured among the best world destinations to visit in 2024, according to the “Travel” segment of the renowned media outlet CNN. CNN has highlighted in a recent feature on its “Travel” segment, Morocco as one of the top 24 must-visit destinations for the year 2024. Morocco is one of the few African countries, […]

Africa Emerging Markets Headlines International Morocco

King voices resolve to make of Morocco-DRC relations an exemplary model of inter-African cooperation

King Mohammed VI has voiced determination to make of the privileged relations binding Morocco and the Democratic Republic of Congo an exemplary model of inter-African cooperation. In a message of congratulations to Félix Tshisekedi, on his re-election as president of the Democratic Republic of Congo, King Mohammed VI hailed the solidity of cooperation relations between […]

Community Emerging Markets Headlines Morocco Technology

Morocco to rely on desalination for 50% of its fresh water needs by 2030

Morocco will produce 50% of its fresh water needs from desalination by 2030, said water minister Nizar Bakara, as the country faces one of the harshest droughts in its recent history. Five years of drought depleted reservoirs now only 23% full, while many farming areas face bleak prospects due to halt of irrigation. By 2030, […]