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Category: Business
Farming: OCP-spearheaded initiative boosts olive production in Morocco by at least 40%
Olive harvest has increased by more than 40% on average since farmers, owners of olive groves, followed the Al Moutmir program, initiated by the phosphates ... Read More
Green Financing tops EBRD’s 2021 investments in Morocco
The European Bank for Reconstruction and Development’s (EBRD) injected €211 million in 10 projects carried out in Morocco in 2021. More than half of the ... Read More
Morocco to reopen airports to international passenger traffic on Feb 7
Morocco will reopen its airports to international passenger flights on February 7, after it has kept borders shut since Nov 29 to ward off a ... Read More
Morocco: King presides over launch of construction works of an anti-Covid-19 vaccine manufacturing plant
King Mohammed VI chaired this Thursday in the province of Benslimane (Casablanca-Settat Region), the launching ceremony of the works for the construction of a manufacturing ... Read More
Tunisia turns to domestic banks to fund national budget over lack of foreign lending
The Tunisian government has been mounting pressure on local financial institutions to fund the 2022 national budget as the country struggles to land foreign loans ... Read More
Morocco cuts budget deficit to 6% of GDP in 2021
Thanks to an economic recovery and better tax revenue, the Moroccan government reduced its fiscal deficit to 6% of GDP in 2021 from 7% a ... Read More
Bayt Mal Al Quds Agency: Approval of development projects worth $1 million in Jerusalem
The Rabat-based Bayt Mal Al Quds Acharif Agency on Wednesday approved the first part of social and human development projects in Al Quds Acharif under ... Read More
Moroccan Managem, Anglo-Swiss Glencore sign a strategic partnership for the production of cobalt in Morocco
The Moroccan mining group, Managem, and the Anglo-Swiss global commodity trading giant, Glencore, have signed a strategic partnership to produce cobalt from recycled battery materials, ... Read More
EBRD supports Moroccan cheese-maker with additional €3.5 Mln funding
The European Bank for Reconstruction and Development (EBRD) announced on Tuesday an additional €3.5 million loan to Land’Or Maroc Industries (LMI), a Moroccan subsidiary of ... Read More
Morocco set to reduce its industrial trade deficit
Morocco has launched an ambitious plan to cut its trade deficit by $3.7 billion by offering incentives to local investors to produce imported goods locally, ... Read More