Africa Emerging Markets Europe Headlines International Morocco

Vladimir Putin voices Russia’s Keenness to see its relations with Morocco strengthening further

Russian president Vladimir Putin expressed, on Friday, at the 2nd Russia-Africa Summit, the wish to see Russian-Moroccan relations further strengthen and continue the momentum launched during the visit of King Mohammed VI to Russia in 2016. The Russian president commended, in a speech, King Mohammed VI, expressing the wish to see bilateral relations evolve and […]

Columns Emerging Markets Headlines Morocco

Sahara: Under Royal Leadership, Morocco Gaining International Support & Recognition

The “serious and realistic” autonomy plan offered by Morocco for the Sahara under its sovereignty continues to gain a growing international support thanks to the far-sighted vision of King Mohammed VI who is tirelessly working for inclusive development, regional peace and shared prosperity. Building on UN Security Council resolutions, several countries from Africa, Europe, Asia, […]

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Canada sets eyes on Gabon’s mining potential

Canada is keen to boost ties with Gabon in many areas and mainly in the mining sector for a win-win partnership, the North American country’s High Commissioner in central African country (Lorraine Anderson) has revealed on Thursday July 27. “For Canada, Gabon is a land of opportunity, and we know we can work together in […]

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Egypt’s Central Bank, Vietnam’s SBV ink MoU to boost cooperation

The Central Bank of Egypt (CBE) has signed a memorandum of understanding (MoU) with the State Bank of Vietnam (SBV) to bolster joint cooperation, the office of Egyptian Prime Minister Mustafa Madbouly said in a statement, on Thursday July 27. Madbouly and his Vietnamese counterpart Tran Lu Quang witnessed the deal signed in the Egyptian […]

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High cost of imported fertilizers is adding to food crisis in Africa

Global fertilizer suppliers have benefited from high fertilizer prices in 2022-23 but, by and large, they have undermined production, contributed to high food prices, and exacerbated food insecurity, according to experts. Global fertilizer suppliers made incredibly high profits in 2022/23 on the back of price spikes attributed to the Russia-Ukraine war, as the profits of […]

Emerging Markets Finance Headlines Morocco

Fitch Rating expects Moroccan banks profitability to improve in 2023

Fitch Rating highlighted the positive outlook for the seven largest Moroccan banks in 2023 whose profitability is set to improve on the back of a better risk management. “We expect profitability will improve at a faster pace in 2023 as lower impairment charges (LICs) should continue to decline while higher rates will start to feed […]

Business Emerging Markets Europe Headlines International Morocco

MP James Duddridge: Morocco, UK’s Gateway to African Market

Conservative MP James Duddridge has described Morocco as a longstanding partner and friend offering UK huge post-Brexit trade opportunities. In an Op-Ed published Wednesday by the House, founded by a cross-party group of UK MPs, Mr. Duddridge said when it comes to post-Brexit trade opportunities, the UK government is right to prioritise building on the […]

Asia Business Emerging Markets Headlines International Morocco

Indian HCLTech sets up a Global Delivery Center in Morocco

Indian multinational information technology services and consulting company HCLTech launched a Global Delivery Center (GDC) in Rabat, Morocco, as part of the company’s nearshore strategy to serve global enterprises, announced HCLTech this week. The company said that the launch follows the signing of a memorandum of understanding between HCLTech and the government of Morocco in […]

Asia Emerging Markets Headlines International Morocco

Preservation of Judeo-Moroccan heritage: Moroccan, Israeli archives institutions sign MoU

The Archives of Morocco and the Archives of Israel signed, on Wednesday in Rabat, a memorandum of understanding (MoU) aimed at preserving the Jewish-Moroccan memory and heritage. The MoU, initialed by the director of Morocco’s Archives, Jamaa Baida, and the head of Israel’s Archives, Ruth Avramovitz, who is visiting the Kingdom, will allow to enrich […]

Emerging Markets Finance Headlines Morocco

World Bank approvres $350 million financing for Morocco’s water program

The World Bank has approved a $350 million results-based financing program to support Morocco implement its National Program for Drinking Water Supply and Irrigation (PNAEPI 2020-2027) in the framework of the 30-year National Water Plan (PNE, 2020-2050). Launched in 2020, PNAEPI aims to improve water security by accelerating investments in the sector and strengthening the […]