First Independent Mena Newspaper
UK FiveNines Group has announced its decision to partner with Nexus Core Systems, an AI infrastructure company, to oversee the development of a 20 MW data center on the outskirts of Casablanca, Morocco. The data center, designed for high-density AI computing, is part of the Nexus AI Factory project, Africa’s first sovereign artificial intelligence infrastructure […]
Morocco has opened bids for national and international companies, investors, and consortia interested in developing a tourist cable car project in Fez after Agadir’s successful experience. The aerial transport link project, the second of its kind in the country, will enable tourists to have panoramic views of the city’s historic medina while providing an additional […]
UAE-based EDGE Defence Company will supply Morocco precision weapons and help the Kingdom develop local production of small arms and aeronautical propulsion systems. The announcement was made at the Marrakesh Air Show (Oct.o7-10) during the signing ceremony of the two deals sealed by EDGE with Morocco’s National Defense Administration. Under the first deal, EDGE pledged […]
European aircraft manufacturer Airbus is preparing to expand its industrial footprint in Morocco by around one-third, with plans for a new facility dedicated to design, manufacturing and assembly that would move its Moroccan sites higher up the value chain, leDesk reported. The company, which has produced components for its commercial aircraft programs in Morocco for […]
Bank Al-Maghrib (BAM) has completed a first experimental phase showing that it is technically possible to offer a digital dirham to individuals, Le Nouvelliste reports. The tests were carried out with support from the IMF and the World Bank. The central bank has not announced a launch date, and the article stresses that the result […]
King Mohammed VI has affirmed that Morocco has succeeded in consolidating its international status as a responsible and reliable partner committed to fulfilling its obligations, stressing that the Kingdom expects the same commitment from its partners. In a speech he delivered Friday before the two Chambers of Parliament at the opening of 1st Session of […]
Morocco and the U.S. are exploring new avenues for cooperation in agricultural research and innovation, with a focus on conservation agriculture, genetic improvement and the development of solutions adapted to Morocco’s agroclimatic conditions. These prospects were discussed this Friday in Rabat during a meeting between the Director of the National Institute for Agricultural Research (INRA), […]
Listed companies on the Casablanca Stock Exchange posted strong first-half 2026 results, with aggregate turnover rising 10.6% to 196 billion dirhams from 177.3 billion a year earlier, according to an analytical report by brokerage and research firm M.S.IN released in early October. Overall net profits grew 7.4% to 29.4 billion dirhams, up 2.04 billion dirhams […]
Morocco’s state-controlled phosphate giant OCP Group has said it has not yet taken any decision on a dividend for the 2026 financial year, following a first-half net loss driven largely by soaring sulfur costs. Reuters cited a company response following reports by leDesk saying OCP may skip distributing dividends for this financial year after first […]
Morocco is advancing the development of two specialized industrial zones for the defense sector totaling 675 hectares, as the Kingdom accelerates efforts to reduce reliance on foreign arms imports and establish a domestic military-industrial base. The Société de gestion des zones industrielles de défense (SGZID) presented details of the platforms on October 7 at the […]