Asia Business Headlines International Morocco

Morocco-Israel direct flights to kick off in two to three months- Tourism minister

Direct air routes between Morocco and Israel are expected to be launched in two to three months, following a deal signed by the two countries on the sidelines of a visit of an Israeli-US delegation to Rabat, tourism minister Nadia Fettah Alaoui said. The Minister underscored Morocco’s attractiveness to the Moroccan Jewish community in Israel […]

Americas Business Columns Headlines International Morocco Opinions

Africa stands to benefit from Moroccan-US-Israeli partnership

Africa featured prominently in the agreements that were signed during the visit to Rabat of the US-Israeli delegation, as Morocco matches words with action in defending its solidarity-oriented approach towards the continent. The US International  Development Finance Corporation signed an agreement with Morocco worth 3 billion to support private investments in the Kingdom and in […]

Business Headlines Maghreb Morocco

Tanger-Med port expected to outperform Mediterranean ports in 2020

Container activity of Tangier-Med Port Complex is expected to exceed the threshold of 5.7 million TEUs container on December 31st, a 18 pc increase compared to 2019, a performance never reached by Mediterranean ports. According to Tanger Med Port Authority (TMPA), the level of productivity has also broken records this year. To date, the bar […]

Business Finance Headlines Morocco

Morocco’s growth to rebound to 4.5 pc in 2021; Kingdom to repay part of LPL in advance – IMF

Morocco’s GDP growth is expected to increase to 4.5 percent in 2021 as the effects of the drought and pandemic wane and monetary and fiscal policy remains accommodative, announced on Wednesday the International Monetary Fund. In a press release issued after concluding 2020 Article IV Consultation with Morocco, the IMF Executive Board also said that […]

Business Europe Finance Headlines International Morocco

EU supports Morocco’s Covid-19 response with €169 Mln

The European Union announced on Wednesday a €169 million support package for Morocco to enable this country enhance further its medical response to the coronavirus pandemic and put in place measures to mitigate its socio-economic impact. EU Neighborhood commissioner Olivér Várhelyi said : “Today’s disbursement shows that the European Union stands by Morocco in its […]

Americas Asia Business Headlines International Morocco

Morocco, Israel cement newly resumed ties with four key agreements

Morocco and Israel sealed the resumption of bilateral ties with the signing of four agreements covering direct flights, visa waivers for diplomats, investment and financial facilitations and water management. The agreements were signed during a visit by a senior Israeli delegation led by Israel’s National Security Advisor Meir Ben-Shabbat; accompanied by White House Senior Advisor […]

Americas Asia Business Headlines International Morocco

Morocco, USA pool efforts to promote investments in Africa

Morocco and the United States signed, on Tuesday in Rabat, two cooperation agreements to promote investments in Morocco and Africa. The agreements were signed during the visit to Rabat of the high-level US-Israeli delegation that was led by Senior Advisor to the US president Jared Kushner and Israel’s National Security Adviser Meir Ben-Shabbat. The first […]

Business Headlines Morocco

First 100% Morocco-made electric car charging station unveiled in Rabat

The first 100% Morocco-made smart charging station for electric vehicle dubbed “iSmart” was unveiled, Monday in Rabat, in the presence of the Minister of Industry, Trade and Green and Digital Economy, Moulay Hafid Elalamy. “iSmart”, a new generation of intelligent electric car charging stations for professional and domestic use , was developed at the request […]

Business Headlines Morocco

Morocco’s OCP group wins high marks for its performance & sustainability

Morocco’s phosphates and fertilizer producer, OCP, has been awarded the Top Performers distinction by rating agency Vigeo Eiris. This award is an international recognition of the Group’s leadership in sustainable development. Vigeo Eiris ranked OCP 3rd in the world in sustainability performance among 206 companies in the Mining & Metals sector; and 1st in the […]

Asia Business Headlines International Morocco

Morocco, Israel set to unlock full potential of economic ties

Morocco and Israel agreed to resume their diplomatic ties in a move that is set to open new horizons for economic ties between the two countries. In the absence of diplomatic ties, trade between the two countries was limited to an annual 30 million dollars, a figure that will double now as the two countries […]