Business Emerging Markets Headlines Morocco Technology

Uranext to build Morocco’s first yellowcake uranium plant in El Jadida

Uranext, a Moroccan startup backed by the InnovX innovation ecosystem of the Mohammed VI Polytechnic University (UM6P) and affiliated with the OCP Group, is set to launch the country’s first uranium concentrate production facility, LeDesk news outlet reported. The plant, to be located in the commune of Moulay Abdellah near El Jadida, will produce “yellowcake” […]

Business Emerging Markets Headlines Morocco Technology

Morocco approves new defense industrial zones management company to boost sovereign capabilities

The Moroccan government has officially approved the creation of a new company dedicated to managing industrial zones for defense manufacturing, marking a significant step in the country’s strategy to build a sovereign defense industry. The newly established entity, named the “Defense Industrial Zones Management Company,” is a joint venture between the Military Housing and Equipment […]

Americas Headlines International Morocco

Wydad AC’s Club World Cup journey highlights Morocco’s football rise

As the 2025 FIFA Club World Cup kicks off in the United States, one of Morocco’s leading teams, Wydad Athletic Club (WAC), stands as a proud representative of the country and African football, ready to take on some of the world’s most elite teams. Their participation in this historic, expanded edition of the tournament is […]

Business Emerging Markets Headlines Morocco

Morocco strengthens regional investment centers through legislative reforms

Morocco’s government has adopted a new legislation enhancing Regional Investment Centers (CRI) capabilities, integrating support systems for small and medium enterprises into their core missions as part of comprehensive investment framework reforms. The legislation also provides for the creation of Unified Regional Investment Commissions (CRUI). The reform text specifically incorporates management and approval of special […]

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Moroccan carrier’s CEO criticizes Boeing delays while negotiating $25 billion fleet expansion

CEO of Royal Air Maroc Hamid Addou has publicly criticized Boeing for chronic delivery delays even as the carrier is negotiating a massive 74-aircraft order, highlighting tensions in the airline’s ambitious expansion plans worth $25 billion through 2037. In an interview with CNN, Addou expressed frustration over Boeing’s delivery performance, with some orders running 15-18 […]

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South Korea’s Naver to build mega AI data center in Morocco with Nvidia and Taqa Morocco

South Korean tech giant Naver which has announced plans to build a massive AI-focused data center in Morocco, said the project will be carried out in partnership with Nvidia, Taqa Morocco, Nexus Core Systems, and Lloyds Capital. The announcement was made during the VivaTech 2025 conference in Paris. The project, which will be powered entirely […]

Emerging Markets Headlines Morocco

Morocco to produce 1.7 billion m3 of desalinated water by 2030- Minister

Morocco is planning to add 13 desalination plants before 2030, adding to existing 17 ones, with the aim to have a production capacity of 1.7 billion m3, water and equipment minister Nizar Baraka said. Desalination together with dams and waterways are all projects launched by Morocco under a $12 bln program to ensure steady water […]

Emerging Markets Finance Headlines Morocco

Morocco’s budget deficit increases two-fold by May to 2.2 $bln

Morocco’s budget deficit widened to 22.9 billion dirhams ($2.3 billion) at the end of May 2025, up from 11.2 billion dirhams a year earlier, the treasury said. The deficit was however offset by a positive balance of 14.1 billion dirhams from special treasury accounts and autonomously managed state services. Total ordinary revenues rose 19.6% year-on-year […]

Business Emerging Markets Headlines Morocco Technology

Al Akhawayn University proposes cybersecurity training initiative

Al Akhawayn University in Ifrane aims to spearhead Morocco’s digital and cybersecurity skills development, building on its successful completion of a government contract to train 10,000 engineers, university officials announced at a Bank Al-Maghrib press conference in Rabat. Bank Al-Maghrib Governor Abdellatif Jouahri, who serves on the university’s Board of Directors, praised the institution’s achievements […]

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Tesla sets foot in Morocco, gateway to African & Mediterranean markets

The leading American EV manufacturer Tesla has set foot in the nascent Moroccan electric cars market with the establishment of a subsidiary in Casablanca. Besides setting up dealerships, Tesla Morocco is tasked with importing, sales’ operations, and servicing of electric vehicles. The subsidiary’s mission also includes the expansion of the network of charging stations across […]