Asia Business Emerging Markets Headlines International Morocco

Morocco, Israel sign MoU on agricultural and water Cooperation

Morocco and Israel signed last week in Marrakech a Memorandum of Understanding (MoU) on the establishment of an agricultural technology project focusing on aquaponics. The agreement provides for the establishment of a center for agricultural studies. The institution is expected to serve as a hub for knowledge exchange and innovation in farming techniques, benefiting both […]

Headlines International Morocco

King Mohammed VI receives credentials of several ambassadors newly accredited to Morocco

King Mohammed VI received, Monday at the Royal Palace in Rabat, several foreign ambassadors, who handed the Sovereign their letters of credentials as plenipotentiary and extraordinary ambassadors of their countries to the Kingdom. The heads of missions received by the Sovereign are Denmark’s ambassador Jesper Kammersgaard; Qatar’s ambassador Sheikh Abdullah Bin Thamer Mohammed Thani Al […]

Africa Headlines International Morocco

King Mohammed VI expresses Morocco’s readiness to bolster brotherly, age-old ties with Guinea

King Mohammed VI has sent a message of congratulations to President of the Transition, Head of State of Guinea, Colonel Mamadi Doumbouya, on his country’s National Day, wherein he expressed Morocco’s readiness to bolster the brotherly and age-old ties binding the two countries.   “I would like to express the high regard I have for […]

Africa Emerging Markets Headlines International Morocco

Morocco reiterates commitment to share its expertise in development financing with African Union

Morocco has reaffirmed its commitment to share its extensive experience and expertise in development financing with the African Union (AU) as part of the aspirations outlined in Agenda 2063. This announcement came during the Ministerial Retreat on Agenda 2063, a high-level event taking place in Kigali, Rwanda, this October 1-3. Morocco’s Permanent Representative to the […]

Business Emerging Markets Headlines Morocco

Morocco to Import 2 MT of Wheat in Q4 2023 to Alleviate Drought Impact

Morocco has decided to import 2 million tons of soft wheat between Oct. 1 and Dec. 31 to alleviate the impact of drought which has affected the country’s crops product. The decision has been announced lately by the Kingdom’s state-owned grains agency after receiving the nod from the ministries of finance and agriculture. The import […]

Emerging Markets Finance Headlines Morocco

IMF approves $1.3 Bln for Morocco under Resilience & Sustainability Facility Arrangement

The International Monetary Fund Executive Board has approved a Resilience and Sustainability Facility (RSF) for Morocco worth about $1.3 billion. The arrangement will support Morocco’s transition to a greener economy and help strengthen its preparedness and resilience against natural disasters, including from climate change, the Washington-based institution pointed out in a release. The 18-months arrangement […]

Americas Culture Headlines International Morocco

Religious tolerance, a ‘hallmark’ of Morocco’s history (US State Department)

Religious tolerance is “a hallmark” of Morocco’s history, the US State Department points out in a new report. “Religious tolerance is a hallmark of Morocco’s history — from its welcoming of refugees fleeing the Iberian Peninsula at the end of the 15th century to late King Mohammed V’s efforts to protect Jews during World War […]

Headlines Morocco

Morocco’s Army deploys two additional field medical-surgical hospitals in earthquake-hit areas

On the high instructions of King Mohammed VI, Supreme Commander, and Chief of the General Staff of the Royal Armed Forces, the FAR have deployed two additional field medical-surgical hospitals (HMCC) in the rural commune of Mejjat in the province of Chichaoua and the rural commune of Ighrem in the province of Taroudant. This action, […]

Business Emerging Markets Europe Headlines International Morocco

Spanish Aciturri aeronautics group acquires moroccan GOAM, moves to Casablanca

The Spanish aerospace group Aciturri Aeroengines moved into Casablanca following the acquisition of the Moroccan company GOAM Industrie. “Aciturri Aeroengines has officially acquired GOAM Industrie, a manufacturer of engine components located in Casablanca’s Midpark, specializing in the production of turbine and aircraft engine parts,” stated the Spanish group in a statement posted on the social […]

Emerging Markets Finance Headlines Morocco

Fitch Ratings highlights Morocco’s resilient liquidity in wake of earthquake

Fitch Ratings has released a note recognizing the impact of the earthquake on Morocco’s fiscal deficit while reassuring remittances from Moroccans abroad and the IMF’s credit lines would offset liquidity concerns. The earthquake that struck late on September 8 killed some 3000 people and destroyed nearly 60,000 homes in the High Atlas Mountains. Morocco has […]