Headlines Morocco

Morocco: Illegal immigration attempt thwarted, 29 arrested

Elements of the regional security of the northeastern city of Al Hoceima have foiled, Tuesday, an illegal immigration attempt and arrested 29 would-be immigrants, including a young girl and six minors, said a security source. This operation was conducted in coordination with the services of the Royal Gendarmerie at the coast of Al Hoceima, added […]

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Watermelon: Morocco becomes 2nd supplier of the EU

Morocco’s watermelon exports to the European market reached 271 million kg in 2022. The North African Kingdom becomes thus the second supplier of the EU advancing Italy, which remains the top exporter of this product. According to latest data released by Eurostat, the exports of Moroccan watermelon to the EU amounted this year to over […]

Business Finance Headlines Morocco

Morocco’s Central Bank raises key interest rate to 3% to mitigate inflation

Morocco’s Central bank decided on Tuesday to lift its rates by 50 basis points to 3 percent to counter inflationary pressures exerted both at the domestic and international levels. During its first meeting of 2023 held in Rabat, the Board of Bank Al Maghrib discussed the evolution of the national economic situation and the Bank’s […]

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US underscores Moroccan King’s leadership, reaffirms support for autonomy plan

The US state department highlighted the leadership of King Mohammed VI in promoting regional stability and peace and reaffirmed its position in support of the Morocco-proposed autonomy plan. Secretary of State Anthony Blenken “expressed his appreciation for King Mohammed VI’s leadership and longstanding contribution to promoting stability and regional peace, including his efforts to promote […]

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Morocco-U.S.A. strategic partnership reviewed this week in Washington

Moroccan Foreign Minister Nasser Bourita started Monday a working visit to Washington, as part of the regular consultations between the two countries that aim to consolidate their strategic partnership that has grown significantly in recent years in all areas and exchanging views on various regional and international issues. During this visit, Bourita will have a […]

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US magazine ranks Morocco’s Rabat among 50 greatest destinations in 2023

Morocco’s capital city Rabat is among the 50 greatest destinations to explore in 2023, according to American news magazine Time. The ranking was based on steeper costs and increased interest in sustainability and authenticity. Artistic and cultural reinvention is bringing new life to the capital city of Rabat, the magazine wrote, noting that in 2023, […]

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Influential U.S. Senator calls for moving AFRICOM headquarters to Morocco

U.S. Senator Dan Sullivan has called for transferring the headquarters of the U.S. Africa Command (AFRICOM) from Stuttgart, Germany, to Morocco, a major U.S. Ally of the United States in Africa. The Republican senator (Alaska) made the call during the latest hearing of Gen. Michael Langley by the Senate Armed forces Committee. “Morocco is an […]

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COM2023: Morocco calls for refocusing spending on better forms of social protection, income support

Morocco called, Monday in Addis Ababa before the 55th session of the Conference of African Ministers of Finance, Planning and Economic Development (COM2023), for refocusing spending on better targeted forms of social protection alongside income support. The Kingdom also pleaded for adequate political and technical support to initiatives aimed at facilitating cash transfers, such as […]

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Africa’s top 500 companies: champions in mining, oil, construction powering ahead

‘A revival with fanfare’ is how the latest ranking of the most important 500 African companies drawn up by Jeune Afrique magazine might be best described, with profits amounting to $80,84bn in total. After analyzing the results of more than 1,200 companies, the French-language pan-African weekly news magazine unveiled its exclusive ranking of the 500 […]

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Morocco’s Arma seeks African expansion

Like many state and private Moroccan companies, waste management company Arma said it plans to set up a waste management plant in Abidjan where it is finalizing deals with suppliers. The company’s CEO Youssef Ahizoun told Reuters the plastic waste recycling plant would be ready within few months. Arma investment would be the first by […]