Business Europe Headlines International Maghreb Morocco

French PSA Group Injected €280 million in its New Kenitra Plant

King Mohammed VI chaired on Thursday in the province of Kenitra the inauguration ceremony of the French PSA group’s ecosystem in Morocco, a project that required a €280 million investment and that confirms the thriving car industry in the North African Kingdom. On this occasion, the Sovereign inaugurated the PSA group’s new plant, expected produce […]

Africa Egypt Headlines International Maghreb Morocco

Morocco denounces inclusion of separatist flag in African Cup of Nations Website; Egypt & CAF apologize

Morocco denounced in the strongest terms the inclusion of the Polisario separatists flag in the website where the tickets of the African Cup of Nations in Egypt are sold. Spokesperson for the Moroccan government said such an act is categorically unacceptable and that Morocco’s presence within the African Union bodies shall in no way be […]

Headlines Morocco

Morocco prepares for crossing of 3 million people living in Europe

Morocco has taken special measure to make the crossing of nearly 3 million Moroccans living abroad as fluid as possible, spokesperson for the Moroccan government said. There has been a steady rise in crossings from Europe to Morocco every summer he said as Morocco sets up stations within the country and in Europe where Moroccan […]

Business Emerging Markets Headlines Morocco

PSA Officially Inaugurates its Kenitra Plant

King Mohammed VI chaired, on Thursday in the integrated industrial platform “Atlantic Free Zone”, in the commune of Amer Saflia (province of Kenitra), the inauguration of the new French automaker PSA Peugeot plant worth €557 million. The group’s industrial project in Morocco is based on the creation of a complete automotive ecosystem.   Construction work […]

Europe Headlines International Maghreb Morocco

For Ireland, Morocco is Gateway to African Markets

Morocco offers European investors and businesses a gateway to the emerging African markets, said on Wednesday in Dublin Speaker of the Irish Parliament Seán Ó Fearghaíl. The Irish official made the remarks after signing with Moroccan peer Habib El Malki an agreement to boost cooperation ties between the two countries’ legislative institutions. Mr. Ó Fearghaíl […]

Headlines Maghreb Morocco

Morocco: Last Court Hearing of Suspects in Murder of Two Scandinavian Hikers

The suspects involved in the killing of two Scandinavian tourists in the High Atlas Mountains appeared on Thursday before a criminal court in the city of Salé (near Rabat). This is their last hearing before the court’s ruling. A total of 24 persons, including a Spanish-Swiss convert to Islam, are facing several charges including promoting […]

Asia Headlines International Morocco

China-Arab States Cooperation Forum Lauds Moroccan King’s Efforts to Defend Al-Quds

Participants at the 16th session of the China-Arab States Cooperation Forum, held Tuesday in Abu Dhabi, lauded the leadership role and efforts of King Mohammed VI, Chairman of the Al-Quds Committee, in defending the Holy City of Jerusalem and supporting the resistance of its inhabitants.   In the recommendations issued at the end of the […]

Business Europe Headlines International Maghreb Morocco

French Galvanoplast Group Inaugurates Plant in Tangier

Galvanoplast, a French group specializing in anti-corrosion surface protection, inaugurated on Wednesday an industrial plant in the industrial platform of Tanger-Med. This facility, the group’s first outside France, was made possible thanks to the progress of the Moroccan automotive ecosystem. The choice of Morocco was also dictated by the presence of car manufacturers Renault and […]

Energy Headlines Maghreb Morocco

Development of Morocco’s Anchois gas field, “technically feasible”, says Chariot Oil & Gas

Chariot Oil & Gas has announced that the development of the Anchois Field, offshore Morocco, is technically feasible. Recent studies carried out at Anchois gas field, offshore Morocco, have shown that development of the project is “technically feasible,” the company said in a press release The key findings of the study, shared by the industrial […]

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British CDC invests $200 mln in BMCE Bank

CDC Group, the British government’s overseas-investment arm, said it has invested $200 million in Morocco’s BMCE bank, which seeks to develop its activities on the African continent. The British group acquired nearly 5% in the bank’s capital after the investment, part of CDC’s plan to invest $4.5 billion in the African continent, the two institutions […]