Business Headlines Morocco

Morocco to set up training institute on pharmaceutical industry jobs

Morocco unveiled a plan to set up an institute to train youth on pharmaceutical industry jobs as part of a deal between the industry ministry and the private sector. The institute falls within the framework of a government plan to foster Morocco’s competitive advantage in exporting industries and follows similar steps taken in the aerospace, […]

Business Finance Headlines Morocco

IMF congratulates Morocco for COVID-19 vaccination performance

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has congratulated Morocco for the progress made in COVID-19 vaccination, as well as for its anticipatory strategy aimed at mitigating the effects of the health crisis and ensuring economic recovery.   At a virtual meeting held on Friday with Minister of Economy & Finance […]

Asia Business Headlines International Maghreb Morocco

Morocco reinforces its offensive drone arsenal with Turkey’s Bayraktar

Morocco has ordered 13 potent Turkish Bayraktar combat drones in addition to four remote control ground stations as part of a push to modernize its weaponry with state-of-the-art equipment, Africa Intelligence reported. Bayraktar TB-2 drones have proven their efficiency in multiple battlefields including in the Nagorno Karabakh conflict and the Libyan civil war. Moroccan media […]

Business Europe Headlines International Morocco

Covid-19: Morocco suspends air connections with 13 other countries

The Moroccan authorities have decided to suspend flights to and from 13 other countries, as of this Friday, April 16.   On Thursday April 15, the National Airports Office (ONDA) announced that flights to and from 13 countries will be suspended as of Friday April 16, 2021 until further notice.   The decision is part […]

Africa Business Headlines International Morocco

Morocco’s Managem targets 50% gold portfolio, CEO Says

Managem plans to expand the share of gold in its portfolio from 20% to 50% as it expects an increase in production from the mine it operates in Sudan, CEO Imad Toumi said. Managem also plans to start production in its Tri-K gold mine in Guinea in the second half of this year, Toumi told […]

Business Headlines Morocco

Tough times for Moroccan cafes and restaurants as government tightens restrictions

The extension of the night curfew during Ramadan is the last nail in the coffin of the restaurant and cafe industry in Morocco, professionals said. In a letter sent to the government earlier this month, the national cafes and restaurants association urged the government to backtrack from its decision to impose a night curfew during […]

Business Europe Finance Headlines International Morocco

Morocco, “associated country” of EU “Horizon Europe” funding program

Morocco has officially become an “associated country” of the European Union’s “Horizon Europe,” a key funding program for research and innovation within the framework of sustainable development.   “Horizon Europe” is part of the 2021-2027 EU’s program, and will have a total global budget of €95.5 billion (MAD 1 trillion). According to the European Commission, […]

Business Headlines Morocco

Moroccan economy, among most dynamic in MENA region, IMF says

The Moroccan economy has shown resilience in the face of the double impact of Covid-19 and drought last year and hence stands as one of the most dynamic in the region, Middle East and Central Asia Director at the IMF, Jihad Azour said. Speaking at a press briefing on the MENA region’s economic performance, Azour […]

Business Egypt Headlines Morocco

Egypt-based Edita Food Industries to launch production plant in Morocco by end of 2021

Edita Food Industries (EFID), one of Egypt’s largest food companies, will inaugurate a production factory in Morocco by end of this year, a top official of the company told Almal News.   Hani Barzi, Chairman of the company told the media that the factory was planned for last year but the pandemic and the lockdown […]

Business Europe Headlines International Morocco

Morocco to outperform Spain as UK’S main supplier of fresh produce & olive oil (UK Political Leader)

Morocco is set to outperform Spain as the main supplier of fresh produce and olive oil to the United Kingdom, said chairman of new UK political party TIME, Robert Kimbel. “Morocco’s attractiveness is becoming unparalleled”, Robert Kimbel affirmed in his twitter account, noting that “it is only a matter of time before Morocco surpasses Spain” […]