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, […]

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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 […]

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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, […]

Emerging Markets Finance Headlines Morocco

Morocco: Economic growth to reach 2.4% in Q1-2024 – HCP

Morocco’s economic growth is expected to reach 2.4% in Q1-2024, marking a decline from the +3.5% growth recorded during the same period the previous year, according to the economic growth projection of the statistics office, le Haut-Commissariat au Plan ((HCP) for the first quarter of 2024. According to the HCP’s economic outlook for the fourth […]

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CAF ups AFCON 2023 winner’s prize money to $7m

The Confédération Africaine de Football (CAF) announced Thursday a 40% increase in the Prize Money for the Winner of the TotalEnergies Africa Cup of Nations “AFCON” Côte d’Ivoire 2023, as part of plans to help football grow in the countries participating in the tournament. The winner will receive $7,000,000 and the runner-up of the TotalEnergies […]

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Mali takes delivery of new batch of Turkish Bayraktar TB2 drones

Mali received Thursday January 4 a fresh shipment of Turkish combat drones to be used in the fight against terrorism and the supervision of the country’s airspace. The drones, unmanned combat aerial vehicles (UCAVs), were delivered during a ceremony attended by the interim leader of Mali, Col. Assimi Goita and the Turkish ambassador to the […]

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Egypt Sovereign Fund unveils plans to establish 2,600 new hotel rooms in downtown Cairo

Ayman Soliman, Chief Executive Officer of the Sovereign Fund of Egypt (SFE) unveiled plans for upgrading downtown Cairo and the Ministries Square, including the establishment of 2,600 hotel rooms, the development of 15,000 square meters of green spaces, and the revitalization of historical buildings, Ahram Online reported Thursday. Soliman speaking at a meeting of the […]

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2024 Korea-Africa Summit: Another setback for Algerian regime as Seoul refuses Polisario’s participation

The government of South Korea has excluded the Algeria-backed Polisario separatist group from the list of invitees to the 2024 Korea-Africa summit, dealing another hard blow to the Algerian regime. According to diplomatic sources, Morocco has been invited to take part in the event by Seoul which has affirmed that ONLY sovereign African states recognized […]

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World Bank helps Gabon finance digital transformation project with $68.5m loan

Gabon has secured a credit facility of $68.5 million to finance “Projet Digital Gabon”, a digital transformation project aiming at creating an environment conducive to accelerating digital transformation. The deal was signed late December by Mays Mouissi, Gabon’s Minister of Economy, and the World Bank Country Director for the Central African country, Cheick Fantamady Kanté, […]