Business Emerging Markets Headlines Morocco

Morocco: Olive Output Expected to Soar by 21 % this Season

The production of olives is expected to increase this year by 21 pc compared to last year crop, said on Tuesday minister of agriculture Mohamed Sadiki at the Parliament’s upper house (Senate). Morocco’s citrus out is also expected to go up by 14 pc this season compared to previous year harvest, added the minister, noting […]

Business Emerging Markets Headlines Tunisia

Tunisia names new CEO for national carrier Tunisair

The Tunisian ministry of Transport and Logistic Monday named a new Chief Executive Officer for the national carrier, headless since the dismissal in July 2020 of a former executive on corruption charges. The new CEO Olfa Hamdi is tasked with developing a strategic action plan to save the airline and enable it to be competitive. […]

Africa Business Emerging Markets Headlines International Morocco

Morocco sets pace for covid-19 vaccination in Africa

As the world is racing to stem the spread of the deadly pandemic with vaccination campaigns, the kingdom of Morocco appears to have taken the lead on the African continent with several deals to secure the most effective vaccines and with an early vaccination plan, French media Le Point notes. Indeed, the North African country […]

Business Emerging Markets Headlines Morocco

Ryanair Supports Morocco’s Tourism with Resumption of Flights

The Moroccan tourism, the hardest hit sector by the Covid-19 global pandemic, gets a precious boost from the low-cost carrier Ryanair which resumed on Oct.25 its operations in this North African country. The announcement was made by Mrs. Jason McGuinness, commercial director of the European airline. “We are pleased to support the Moroccan tourism sector […]

Business Emerging Markets

Morocco’s Tanger Med Industrial Zone, 2nd most competitive in world ranking

Morocco’s Tanger Med Industrial Zone ranked 2nd most attractive on a Financial Times FDI Intelligence ranking. Tanger Med Industrial Zone stood out in the ranking, dubbed FDI Global Free Zones of the Year 2020, which compares the competitiveness and attractiveness of 100 platforms across the world. Tanger Med was outperformed only by Dubai Multi Commodities […]

Business Emerging Markets Headlines Morocco

Morocco welcomes first tourists after months-long hiatus

A group of British tourists landed Saturday in the coastal city of Agadir, becoming the first batch of international holiday makers to visit the North African country since March owing to the covid-19 pandemic. Low-cost airline Ryanair, Aujoud’hui.ma reports, landed at the city airport of Al Massira with the visitors welcomed by local tourism and […]

Business Emerging Markets Headlines Morocco

Morocco, Leader in Africa’s Macroeconomic Integration

Morocco ranked 1st in Africa in macroeconomic integration in “Africa Regional Integration Index 2019”, published lately by the UN Economic Commission for Africa (UNECA), the African Development Bank (AfDB) and the African Union Commission. With a score of 0.809, Morocco takes the lead in the continent macroeconomic integration. Mauritius came in the second place followed […]

Business Emerging Markets Energy

Rabat & Addis Ababa Want to Speed up Access to Sustainable Energy

Morocco and Ethiopia are looking into ways of speeding up the implementation of the “Coalition for Access to Sustainable Energy”, an initiative launched by the two African countries during the Climate Action summit convened last year in New York. The initiative, which aims to ensure full access to energy for the least developed and other […]

Business Emerging Markets Headlines Morocco

Covid-19: Moroccan Economy Loses $ 2.9 Bln & 8.9 Pts of GDP in Q2

The global coronavirus epidemic will knock 8.9 points off of Morocco’s economic growth in the second quarter of 2020, says Morocco’s Statistics agency (HCP). In its updated forecast for first semester of 2020, le “Haut Commissariat au Plan” says Covid-19 will cost the country $2.9 billion in economic loss due to a sharp drop in […]

Business Egypt Emerging Markets Headlines

Egypt to buy 50 new locomotives from Siemens giant

Egypt Railway Authority is in the process of buying 50 new locomotives from German multinational conglomerate company as the most populated Arab country embarks modernizing its rail way sector. The deal which is in the pipeline according to Arab Finance Brokerage includes maintenance works for 50 of Siemens Henschel, a model that has been efficiently […]