Asia Headlines International Morocco

Morocco condemns Israeli aggression on Gaza

Morocco, whose King chairs the Al Quds Committee, condemned in the strongest words the resumption of the Israeli aggression on civilians in Gaza and urged a ceasefire, foreign minister Nasser Bourita said, describing the situation as “serious.” “Morocco strongly and unequivocally condemns the breach of the ceasefire and the resumption of aggression against civilians in […]

Asia Business Emerging Markets Headlines International Morocco

Morocco, China’s Sunrise Group seal $230 million investment deal

Morocco and China’s Sunrise Group, a global leader in the textile industry, have signed a deal under which the Chinese group will invest $230 million. to bolster its textile sector, in a deal aimed at strengthening the Kingdom’s role in global supply chains. The deal, signed in Rabat this Thursday, aims to strengthen Morocco’s textile […]

Europe Headlines International Morocco

Spain arrests suspected ISIS supporter in joint operation with Morocco’s DGST

Spanish authorities have arrested a suspected supporter of the terrorist group ISIS in Córdoba, southern Spain, in a counterterrorism operation carried out in coordination with Morocco’s General Directorate of Territorial Surveillance (DGST). The suspect was identified through close intelligence-sharing between the Civil Guard and the DGST, with investigators citing his “intense activity” on social media […]

Business Emerging Markets Headlines Morocco

OCP Group reports $9.76 Bln earnings in 2024

Morocco’s OCP group revenues increased to $9.76 billion in 2024 from $9.02 billion posted in 2023. The growth is supported by higher export volumes and stable prices. “OCP’s strong performance in 2024 reflected our ability to effectively navigate evolving market conditions, achieve production and operating efficiencies, and reach several key milestones related to our sustainability […]

Asia Headlines International Morocco

Bayt Mal Al-Quds Agency: Daily distribution of food to Palestinian families during Ramadan continues

Bayt Mal Al-Quds Asharif Agency continues to distribute daily food rations and food baskets, comprising 22 basic necessary products, to Palestinian families benefiting from the social assistance campaign in the Holy City during the Holy month of Ramadan. In this connection, the Beit Hanina sports complex hosted on Wednesday a family gathering attended by some […]

Algeria Headlines Morocco

Rachid Nekkaz, an Algerian bait Morocco did not swallow

Rachid Nekkaz, an Algerian political activist and former presidential hopeful, travelled visa-free to Morocco to stoke tension in the hope of being expelled manu-military or even arrested, in an incident that could be used by Algeria to draw false syllogism. But none of that happened. Nekkaz came all the way to Morocco to spit some […]

Emerging Markets Europe Finance Headlines International Morocco

EBRD supports development of economic zone within Nador West Med industrial port with €110 Mln funding

The European Bank for Reconstruction and Development (EBRD) has announced a loan of €110 million to support the development of an economic zone within the Nador West Med industrial port complex, located in Morocco’s Oriental region. This is the Bank’s third investment in the Nador West Med complex, following the provision of financing in 2015 and […]

Africa Headlines International Morocco

AU-PSC: Fighting violent extremism requires proactive approach focused on prevention, reintegration, Morocco says

Morocco, as chair of the African Union’s Peace and Security Council (AU-PSC) for March, reaffirmed on Wednesday in Addis Ababa that fighting violent extremism requires a proactive approach focused on prevention and reintegration. Morocco’s Permanent Representative to the AU and UNECA, Mohamed Arrouchi, who chaired a PSC videoconference meeting devoted to “deradicalization as a leverage […]

Emerging Markets Energy Europe Headlines International Morocco

Morocco, a dynamic player in renewable energy, SolarPower Europe says

Morocco has established itself as a key player in renewable energy, offering numerous investment opportunities in this sector, Brussels-based SolarPower Europe states in a report. The report, released Tuesday March 18, explores the numerous investment opportunities within Morocco’s solar sector, highlighting the country’s market dynamics, regulatory frameworks, as well as concrete recommendations to accelerate solar […]

Africa Business Columns Emerging Markets Headlines International Morocco

Moroccan firms foster foothold in podium of Africa’s 500 biggest companies

The number of Moroccan firms in the list of the 500 largest companies in Africa grew to 54, highlighting the expansion and diversification of Moroccan businesses on the continent. The ranking, issued by Jeune Afrique, shows the growth of Moroccan firms operating in key sectors such as banking, telecommunications, agro-industry, and infrastructure. These Moroccan giants […]