Africa Business Emerging Markets Headlines International Morocco

Port operator Marsa Maroc expands to Africa

Morocco’s top port operator, Marsa Maroc, said it will operate terminal 1 and 5 in Cotonou’s port after winning an international tender issued by the company in charge of cargo handling, Société Béninoise des Manutentions Portuaires (SOBEMAP). Marsa Maroc saw its shares in the Casablanca stock exchange surge following the announcement which marks the first […]

Africa Headlines International Morocco

Morocco’s King voices resolve to continue working with Rwandan president to reinforce fruitful bilateral cooperation

King Mohammed VI has voiced his firm resolve to continue working with Paul Kagame, who has been re-elected President of Rwanda for a new term, to strengthen the fraternal relations rooted in mutual esteem between the two countries. In a message of congratulations to Paul Kagame on his re-election, the King vowed to reinforce the […]

Asia Headlines International Morocco

Morocco condemns the shooting near a mosque in Oman’s capital Muscat

Morocco expressed on Wednesday its condemnation of the shooting near a mosque in Wadi al-Kabir district in the Omani capital Muscat, which resulted in several deaths and injuries. The Kingdom reaffirms its solidarity with the brotherly Sultanate of Oman in all measures taken to preserve its security and stability, as well as the safety of […]

Americas Business Emerging Markets Europe Headlines International Morocco

From Toulouse to Seattle, RAM enhances its partnerships with Airbus, Boeing

The Royal Air Maroc (RAM) CEO Abdelhamid Addou recently visited Boeing’s facilities in Seattle, USA, following an earlier similar meeting with Airbus in Toulouse, France. These visits, according to the Moroccan website Aeronautique, are part of RAM’s efforts to finalize an order for 188 new aircraft, aligning with Morocco’s tourism strategy for 2023-2026. RAM delegation […]

Africa Asia Headlines International Morocco

African, Arab countries sound the alarm on dire food situation and risk of famine in Sudan

Several African and Arab countries have sounded the alarm over the dire food situation and risk of famine in Sudan. Morocco’s Permanent Mission to the UN in Geneva said that Morocco, the United Arab Emirates, Jordan, Mauritania, Chad, Comoros Islands, Guinea Bissau, Seychelles, Senegal, Benin, Kenya, Sierra Leone, Uganda, Mozambique, and Nigeria had expressed, in […]

Finance Headlines International Maghreb Morocco Uncategorized

MENA region: IMF forecasts growth to reach 2.2% in 2024 & 4% in 2025

Growth in the Middle East and North Africa region (MENA) is projected to increase from 1.8% in 2023 to 2,2% in 2024 and 4% in 2025, the International Monetary Fund (IMF) said Tuesday. This is a downward revision from the April projections, the IMF pointed out in its World Economic Outlook (WEO) report. In April, […]

Africa Headlines International Maghreb Morocco

Malawi says Morocco’s Autonomy Plan, the ONLY credible, serious, realistic solution to Sahara issue

Malawi has reiterated firm support for Morocco’s autonomy plan offered for the Sahara under its sovereignty, saying the Moroccan plan is the ONLY credible, serious and realistic solution to the Sahara regional conflict. The supportive stand was voiced by Mrs. Nancy Tembo, the Foreign Minister of this African country, following her talks held Tuesday in […]

Africa Headlines International Maghreb Morocco

Guinea-Bissau reaffirms support for Morocco’s sovereignty over its Sahara & lauds Royal Atlantic Initiative

Guinea Bissau has reaffirmed steadfast support for Morocco’s sovereignty over its entire Saharan territory, expressing strong attachment to the UN exclusive frame-work for achieving a realistic, practical and lasting solution to the Sahara dispute. Speaking to journalists following talks held Tuesday in Laayoune with Moroccan Foreign minister Nasser Bourita on the sidelines of the 3rd […]

Emerging Markets Finance Headlines Morocco

Morocco offers construction aid to 95% of quake-hit households

The Moroccan government said it offered construction aid to 95% of the households whose homes were completely or partly destroyed in the violent earthquake that ravaged villages in the High Atlas Mountains in September 2023. So far, 56,000 families received financial aid to rebuild their houses for a total cost of 1.4 billion dirhams ($140 […]

Business Emerging Markets Energy Headlines International Morocco

ICSID rejects most Corral Holding’s claims in Samir refinery case

the International Centre for Settlement of Investment Disputes (ICSID) of the World Bank rejected most of the claims of Corral Morocco Holding, owned by Saudi billionaire Al Amoudi in a case filed against the Moroccan government over the shut-down of Samir refinery. The arbitration institution ordered Morocco to pay just 6% of the total 2.7 […]