Business Emerging Markets Headlines Morocco

Morocco expands legal cannabis cultivated area eightfold

Morocco increased eightfold the area cultivated with legal cannabis to 2078 hectares as the number of permits for investors grew to 161. Speaking to Asharq, head of the national agency for the regulation of the activities linked to cannabis, Mohamed Guerrouj, said these figures reflect the success of legalization among farmers and investors alike. “This […]

Emerging Markets Headlines Morocco

New study estimates Morocco earthquake damage at $300mln

A new assessment by the Policy Center for The New South put the material damage of Sept 8 earthquake at 3 billion dirhams ($300 million), accounting for nearly 0.2% of Morocco’s GDP. The quake which hit vast swathes in the High Atlas mountains killed 3000 people and damaged 59,674 buildings, of which 32% were destroyed […]

Africa Headlines International Morocco

OIC Summit, African countries underline strategic importance of African Atlantic Initiative launched by King Mohammed VI

The 15th Summit of the Organization of Islamic Cooperation (OIC), held in Banjul, capital of The Gambia, underlined the strategic importance of the “Atlantic African States” Initiative launched by King Mohammed VI. In its Final Communiqué, the 15th OIC Summit welcomed the “Atlantic African States” Initiative launched by Morocco’s King as a process towards an […]

Africa Emerging Markets Headlines International Morocco

OIC summit: King Mohammed VI underscores relevance of Atlantic initiative

King Mohammed VI highlighted the relevance of Morocco’s Atlantic initiative that aims at promoting regional integration by offering landlocked Sahel countries access to the Atlantic and global trade. This came in a speech read on the King’s behalf before the 15th Summit of the Organization of Islamic Conference (OIC), held in Banjul April 4-5. In […]

Headlines Morocco

Morocco’s Benalilou Elected First Vice-President of International Ombudsman Institute

In a significant development for international governance, Mohamed Benalilou, the Ombudsman of the Kingdom of Morocco, has been elected as the first vice president of the International Ombudsman Institute (IOI). The election took place last week at the headquarters of the General Secretariat of the Institute in Vienna, with participation from ombudsman institutions worldwide. Benalilou’s […]

Africa Asia Headlines International Morocco

Chair of OIC Banjul Summit lauds Moroccan King’s support for Palestinian Cause

Gambia’s President Adama Barrow, Chair of the 15th summit of the Organization of Islamic Cooperation (OIC) has hailed the unwavering support provided by King Mohammed VI, Chairman of the Al-Quds Committee, to the legitimate Palestinian cause. In his opening address at the Summit, taking place in Banjul April 4-5 under the theme: “Enhancing Unity and […]

Africa Asia Headlines International Morocco

King Mohammed VI calls for immediate halt of Israeli war in Gaza, delivery of humanitarian aid

King Mohammed VI reiterated his call for Israel to put an immediate halt to its offensive on Gaza and called for allowing the delivery of humanitarian aid in the strip. “In my capacity as Chairman of Al Quds Committee, I incessantly reiterate my call for an immediate, lasting and comprehensive halt to this unprecedented offensive, […]

Africa Headlines International Morocco

BRICS foil South Africa’s pro-Polisario maneuvers

BRICS members meeting in Moscow rejected a South African proposal to include the Polisario separatists’ thesis in the agenda of a meeting on the MENA region. South Africa’s representative was isolated as the sole country to seek to impose a proxy conflict imposed by Algeria to unsettle Morocco, at a time the MENA region is […]

Africa Headlines International Morocco

Morocco opens embassy in Gambia

Morocco officially opened its embassy in Gambia’s capital Banjul, expressing strong willingness to deepen ties at all levels. Morocco’s foreign minister Nasser Bourita inaugurated the embassy on the sidelines of his attendance of an OIC summit in Banjul. The opening was attended by Gambia’s foreign minister and members of the accredited diplomatic corps. Morocco and […]

Emerging Markets Finance Headlines Morocco

Moroccan stock exchange expects up to 5 IPOs annually

Morocco’s stock exchange is on a charm offensive in London to promote initial public offerings and expose merits of listing for companies that seek to boost liquidity. Speaking to Reuters, head of Morocco’s stock exchange Tarik Senhaji said he expects the bourse to attract 3 to 5 IPOs annually. The reform of state-run enterprises would […]