Business Emerging Markets Headlines Morocco

Morocco seeks 60,000 tons of rail for Marrakech TGV

Morocco has launched a tender for 60,000 tons of rail to extend Africa’s fastest train to Marrakech. Morocco has inaugurated the high-speed train, known as TGV or Bourak in Arabic, in 2018 linking Casablanca to Tangier. The new railway would cost 612 million dirhams ($62 million), Moroccan state-owned rail operator ONCF said. Morocco’s extension of […]

Europe Headlines International Maghreb Morocco

Autonomy Plan is ‘most credible and widely-endorsed’ proposal to settle Sahara issue (British Think Tank)

The autonomy plan submitted by Morocco to settle the artificial conflict over its territorial integrity is the “most credible and widely endorsed” proposal for resolving this regional dispute, states the Cambridge Middle East and North Africa Forum (MENAF), a think-tank reporting to the prestigious University of Cambridge. In a report, the think tank recalls the […]

Finance Headlines Morocco

Morocco extends by 5 months financial assistance to quake-hit households

Morocco extended by five months financial assistance offered to quake-hit households, after the expiry of the first 12-month phase in October, the head of the government’s office said in a statement. Morocco has offered 2500 dirhams ($250) to families who have been hit by the quake of September 8, 2023, that hit the Atlas mountains […]

Europe Headlines International Morocco

Morocco & UK to Step up Security Cooperation to Counter Regional & International Threats

Director-General of Morocco’s national police & domestic intelligence agency Abdellatif Hammouchi received on Wednesday visiting British Vice Admiral Edward Ahlgren. They discussed the challenges of illegal immigration, transnational organized crime and cooperation to ensure safety & security of large-scale events and major foot-ball competitions. Morocco will host Interpol’s 93rd General Assembly in Marrakech in 2025, […]

Emerging Markets Finance Headlines Morocco

Morocco launches post-flood reconstruction plan

Morocco has launched a reconstruction plan in flood hit areas worth 2.5 billion dirhams ($260 million), the government said. The plan will be funded by the Moroccan fund for addressing natural disasters, the head of the government office said. The funds include financial aid to help rebuild 1,121 houses, including 269 homes that have been […]

Africa Emerging Markets Finance Headlines International Morocco

Morocco tops list of African countries offering highest salaries, Vanguard

Morocco topped the list of African countries where workers earn the highest salaries, according to a survey by Nigerian media the Vanguard. Morocco came first on the list “with an average salary of $2,031 due to its diversified economy, strong sectors like tourism, textiles, and mining, and strategic investments in infrastructure,” the media said. The […]

Business Emerging Markets Headlines Morocco

Automotive sector leads Morocco’s exports in January-August

The automotive sector continues to top Morocco’s exports in the first eight months this year at 10.3 billion dollars, up 7.6%, Morocco’s foreign exchange agency said. Morocco is home to two production plants by Renault and Stellantis and has an ecosystem of parts producers as it has also attracted Chinese EV battery manufacturers. Despite consecutive […]

Business Emerging Markets Headlines Morocco

Morocco’s tourism revenue at record $1.75 bln in August

Morocco’s tourist receipt grew 20% in August to a record 17 billion dirhams or $1.75 billion, underscoring a strong recovery of the sector, the tourism ministry said. In the first eight months this year, travel receipts increased 7% to 76 billion dirhams ($7.8 bln), it said in a statement. “These results confirm the unprecedented momentum […]

Headlines Morocco

Morocco: Instigators for illegal migration receive up to 10 months jail sentence

The judiciary has started examining the cases of 152 people accused of inciting to illegal migration, with 53 already receiving jail sentences varying from 3 months to 10 months. On September 15, some 3000 would-be migrants attempted to cross into the Spanish-occupied enclave of Ceuta in response to calls for mass crossings on social media. […]

Americas Headlines International Maghreb Morocco

Sahara: Washington reaffirms support for Morocco’s serious, credible, realistic Autonomy Plan

The U.S. government has reiterated its unwavering support to the Autonomy plan offered by Morocco for the Sahara under its sovereignty, describing the plan as “serious, credible and realistic”. The supportive stand was voiced Tuesday by U.S. State Department Spokesperson Matthew Miller in a press release issued following the meeting held in Washington between Moroccan […]