Africa Business Emerging Markets Headlines International Morocco

Morocco’s Akwa Group invests in oil storage project in Senegal

Moroccan Akwa private group, a major player in energy and petroleum distribution, has launched a strategic oil storage project in Bargny-Sendou, approximately 30 km from Dakar, Senegal. According to weekly news magazine “Jeune Afrique”, this project, which includes natural gas processing, could reshape energy distribution in West Africa. It will also enhance Senegal’s energy infrastructure […]

Headlines Mauritania Morocco

Morocco & Mauritania step up medical military cooperation

Lt. General Mohamed El Abbar, inspector of the Royal Armed Forces Military Health Service (FAR), paid on Tuesday a working visit to Nouakchott to foster cooperation ties between the two countries’ armies in areas of common interest. The Moroccan delegation was received by Defense minister Hanane Ould Sidi in presence of his close military aides. […]

Europe Headlines Morocco Technology

Vienna: Morocco elected chair of 68th Session of UN Committee on Peaceful Uses of Outer Space

Morocco has been elected Chair of the 68th session of the UN Committee on the Peaceful Uses of Outer Space (COPUOS) convening in Vienna from June 25 to July 2. Moroccan Prof. Rafiq Akram, Director of the Royal Space for Remote Space Sensing Centre, was picked to Chair the 68th session of COPUOS with unanimous […]

Business Emerging Markets Europe Headlines International Morocco

EU Commissioner: Morocco, Key & Reliable EU Partner

European Commissioner for the Mediterranean Dubravka Šuica has described again Morocco as “a key and reliable partner of the European Union.” “We share a unique relationship and a common goal to deepen our Partnership”, said Wednesday the European Commissioner in her X account following telephone conversation with Moroccan FM Nasser Bourita. She said they talked […]

Business Emerging Markets Europe Headlines International Morocco

Automotive: German Benteler starts building plant in Morocco, a competitive industrial hub

The German Benteler group has launched construction works of its new automotive plant in Kenitra Atlantic Free zone. The new manufacturing facility will be built over 50,000 square meter site having direct access to the freeway and good connections to the port of Tangier in northern Morocco. It is expected to be operational in 2026. […]

Business Emerging Markets Headlines Morocco

Morocco: Tourism Earnings Reach $3.7 Bln in Five Months

Morocco’s inbound tourism revenues reached $3.7 billion during the first five months of this year, representing an 8 pc increase compared to the same period of last year. According to latest data released by the ministry of tourism, the number of overnight stays during the same period reached 11.8 million (+13%), while the number of […]

Business Emerging Markets Headlines Mauritania Morocco

Morocco, Mauritania seal industrial cooperation deal in metallurgy & mechanical engineering

Morocco and Mauritania signed an agreement to deepen industrial cooperation in the metallurgy, mechanical, and electromechanical sectors. The deal was signed in Nouakchott on Wednesday by Abdelhamid Souiri, President of the Moroccan Federation of Metallurgical, Mechanical and Electromechanical Industries (FIMME), and Nagi Ichidou, President of the Mauritanian Federation of Industry, Mines and Energy (FIME). It […]

Asia Business Emerging Markets Headlines International Morocco

Morocco launches factory for electric battery materials

Morocco has entered the global electric vehicle supply chain with COBCO’s inauguration of a 20-billion-dirham factory at Jorf Lasfar on June 25, marking the kingdom’s strategic leap into green technology manufacturing. The facility, spanning 238 hectares, represents a joint venture between Moroccan Africa-oriented investment fund Al Mada and Chinese giant CNGR Advanced Materials. As the […]

Emerging Markets Finance Headlines Morocco

Morocco reports positive 2023 budget execution despite challenges

Morocco’s 2023 budget execution delivered positive results despite complex international and domestic challenges, Budget Minister Fouzi Lekjaa told Parliament’s Public Finance Control Committee Tuesday while presenting settlement law project 07.25. The global economy showed resilience with inflation declining to 6.6% from 8.6% in 2022, though growth slowed to 3.3% due to persistent crises and escalating […]

Business Columns Emerging Markets Headlines Morocco

Airpower superiority at heart of Morocco’s defense overhaul

In recent years, Morocco has been investing in upgrading its airpower capabilities amid rising threats in an unstable wider region. The country has emerged as a regional deterrent power and an exporter of stability as it reshapes its military doctrine around advanced aerial capabilities. This transformation is driven by strategic necessity and a clear ambition: […]