Business Emerging Markets Europe Features Headlines International Morocco

Former EFE’s Boss: U.S. Bets on Morocco rather than Spain, Heralds Shift in Global Alliances

Former Head of Spanish News Agency EFE, Luis María Anson, has voiced concern over Washington’s growing preference of Morocco over Spain, saying such a tendency will weaken Madrid’s regional and international influence. The U.S. administration is suspicious of the Spanish government’s rapprochement with the communist party, but also of Pedro Sánchez’s open or undeclared ties […]

Americas Business Headlines International Morocco

Morocco grants four new exploration permits for gold mines

Morocco has granted four exploration licenses for gold mines to the Canadian company Stellar AfricaGold Inc. part of its plans to upgrade the exploitation of its natural resources. The Canadian exploration company, which explores precious metals, has announced it secured the four new exploration permits to expand operations in Tichka, at approximately 80 kilometers south-southwest […]

Business Community Emerging Markets Headlines Morocco

Morocco welcomes foreign investors in health sector

Morocco has introduced incentives and removed legal barriers to encourage foreign companies to invest in its health sector and attract foreign doctors to fill in shortages, health minister Khaled Ait Taleb said. In an interview with Reuters, Health Minister Khaled Ait Taleb said the health system will have to deal with an increase in demand […]

Business Community Headlines Maghreb Morocco

Morocco’s Tanger-med port handles record 7 million containers in 2021

Tanger Med port in northern Morocco handled 7.17 million containers, up 24% compared to last year, maintaining its position as the biggest port in the Mediterranean region and Africa. “This traffic results from the steady ramp-up of Tanger Med 2 port after the successive commissioning of the terminals TC4 in 2019 and TC3 in 2021,” […]

Asia Business Finance Headlines International Maghreb Morocco

World Bank: Morocco’s economy to grow by 3.2 % in 2022

The Moroccan economy is expected to grow by 3.2 percent in 2022 against 5.3 pc growth recorded the previous year, says the World Bank in its latest Global Economic Prospects report. Morocco’s output is expected to slow this year from the previous year’s rebound as the Kingdom’s agricultural performance returns to historical averages after the […]

Asia Business Community Egypt Headlines International Morocco Tunisia

After Turkey, Morocco set to curb trade deficit with Tunisia, Egypt

Morocco has taken steps to renegotiate a free trade deal with Tunisia and Egypt to protect its own industrial fabric and protect jobs after it took a similar move to balance its trade deficit with Turkey. Aujourd’hui le Maroc reported that Morocco plans to renegotiate the tax imposed on a list of goods including textile, […]

Business Finance Headlines Morocco

Remittances by Moroccans abroad hit record $10.7 bln

Remittances by Moroccans abroad hit a record 100 billion dirhams ($10.7 bln) in 2021 compared to 70 billion dirhams in 2020, offsetting losses of the tourism sector, minister delegate in charge of investments said. Remittances have contributed to the consolidation of Morocco’s international reserves which rose to 330.4 billion dirhams ($35.7 bln), enough to cover […]

Africa Business Europe Headlines International Morocco

Morocco pleads for new win-win partnership between EU, Africa

Morocco on Monday called for a new win-win partnership between the European Union (EU) and the African continent, as France holds the rotating presidency of the Council of the EU. “It is necessary to define together a common commercial and industrial pact, based on the strengths of Europe as a renewed and innovative industrial power […]

Business Europe Features Finance Headlines International Libya

Belgium issues international arrest warrant against Chairman of Libya’s Investment Authority

The Belgian judiciary wants the Chairman of the Libyan Investment Authority (LIA), Ali Mahmoud arrested on charges of corruption and embezzlement, Libya Observer reports, citing Belgian magazine “De Tijd”. Mahmoud is subject to an international arrest warrant and could be arrested if he leaves Libya and the warrant aimed at investigating lost interest on the […]