Business Finance Headlines Morocco

Morocco well-placed to transform pandemic crisis into opportunity – Central Bank chief

By taking a series of economic and social reforms, Morocco is best equipped to transform the crisis propelled by the COVID-19 pandemic into an opportunity, governor of Morocco’s central bank Abdellatif Jouahri said.   King Mohammed VI has ordered a set of reforms that helped mitigate the impact of the crisis, said Jouahri in a […]

Business Headlines Morocco

Covid-19: Morocco’s King hails achievements in global race to secure vaccines

King Mohammed VI has praised the achievements accomplished by the North African country in the global race to secure early vaccines against covid-19 and ensure successful roll-out of the national vaccination campaign against the pandemic.   In his nationwide speech made Saturday on the occasion of the Throne Day, the Monarch said: “We have every […]

Business Columns Headlines Morocco Opinions

Throne Day: Morocco comes out victorious in all decisive challenges

As Morocco is celebrating this Friday Throne Day, Moroccans of all walks of life look back with pride at the outstanding social, economic and political achievements accomplished thanks to the far-sighted leadership of King Mohammed VI since his enthronement on July 30, 1999. The Kingdom’s future is now blazing bright. Its extraordinary rise is attracting […]

Americas Business Headlines International Morocco

Raytheon Technologies to supply Morocco with fighter jet engines

The US Air Force has awarded aerospace and defense company Raytheon Technologies a $212.05 million contract to meet Morocco’s order for military aircraft engines, reports say, citing the Department of Defense. The Massachusetts-based company will manufacture F100-PW-229 install engines through its Pratt & Whitney business, at Hartford, Connecticut. Delivery is expected in 2025. The State […]

Business Headlines Morocco

Morocco to sell 35% stake in Marsa Maroc

The Moroccan government plans to sell 35% stake in Marsa Maroc to Groupe Tanger Med which manages the biggest port in the Mediterranean and Africa in terms of container capacity. Marsa Maroc manages container terminals at 9 Moroccan ports and is listed at the Casablanca stock exchange. The deal will inject some 5.48 billion dirhams […]

Business Europe Headlines International Morocco

Morocco & Serbia discuss military cooperation prospects

Morocco’s ambassador to Serbia Mohammed Amine Belhaj conferred on Monday in Belgrade with Serbian Defense minister Nebojša Stefanović on ways of boosting military cooperation between the two countries. According to FAR-Maroc, an online defense news website, the Serbian minister expressed on this occasion the wish to see Morocco participate in the International Defense Exhibition due […]

Asia Business Community Headlines International Morocco

Morocco, Israel kick off direct flights after resumption of ties

The first direct commercial flight between Israel and Morocco landed in Marrakesh on Sunday, marking the launch of non-stop flights between Morocco and Israel since they both agreed to resume diplomatic ties last December in a US-brokered deal. An Israir flight with about 100 passengers from Tel Aviv arrived in Marrakech Sunday noon, while another […]

Business Europe Headlines International Morocco

British mining giant Altus Strategies wins 4 copper exploration contracts in Morocco

London stock exchange listed company and mining giant Atlus Strategies will conduct four copper exploration projects in Morocco, the company said in a statement after winning the tender. The competitive tender concerns Agoudim Silver Project (29.0 km2 and located 30 km east of the Imiter silver mine, operated by the Managem Group), Assif Silver & […]

Business Europe Headlines International Morocco

Madrid seeks new alliances in Africa amid persistent diplomatic row with Rabat

Spanish Prime minister Pedro Sanchez will start this week an African tour designed to build up new alliances in the continent after failing to solve lingering diplomatic crisis with neighboring Morocco over the Sahara. According to press reports, Sanchez will travel to Egypt, Kenya and South Africa. Rabat has not been included in this tour, […]

Business Finance Headlines Morocco

Morocco’s GDP to grow 2.9% in 2022, planning agency says

Morocco’s economic growth will stand at 2.9% in 2022 after 5.8% expected this year, the planning agency said, noting that next year’s forecast is based on an average cereals yield. This year’s forecast is based on indicators of an improvement in domestic and foreign demand amid positive prospects for the mining, industrial and construction sectors, […]