Business Headlines Morocco

Morocco’s automotive exports gaining momentum

The exports of Moroccan automotive sector increased by 24.4% to over $4 billion during the past five months against $3.2 billion recorded the same period of last year, according to latest data released by Moroccan Foreign Exchange Office. However, the share of car sales in total exports slightly drops to 23.4% end of May 2022 […]

Headlines Morocco

Seizure of nearly 18 kg of cocaine at Casablanca airport, 2 Sub-Saharan nationals arrested

Police at the Casablanca Mohammed V International Airport seized this Wednesday 17.7 kg of cocaine and arrested two sub-Saharan nationals for their alleged involvement in this international cocaine trafficking. The suspects, aged 31 and 33, were arrested immediately upon their arrival at the airport. They were coming “from a Central African country,” said a statement […]

Energy Headlines Morocco

Morocco switches on two power plants after reversal of gas pipeline

Morocco managed within a short period to ensure gas supply for two small powerplants supplying northern Morocco. The power plants of Tahaddart and Ain Béni Mathar operating with LNG have started to be supplied with gas through the Maghreb-Europe pipeline, after Morocco and Spain reversed the flow of gas last week, Moroccan electricity utility ONE […]

Headlines Morocco

Morocco tells UN Envoy autonomy is only political solution to Sahara issue

Morocco has reiterated its position to the UN envoy Staffan de Mistura that autonomy under the kingdom’s sovereignty and territorial integrity is the only solution to the regional conflict over the Sahara. This came during talks on July 5 in Rabat between Foreign Minister Nasser Bourita and de Mistura. “The Moroccan delegation also expressed Morocco’s […]

Europe Headlines International Morocco

Morocco, a strategic partner playing a major role in migration management – EU Commissioner

Morocco is a “key strategic” partner of the European Union and plays a “major” role in migration management and the fight against smugglers, European Commissioner for Home Affairs, Ylva Johansson, said on Monday before the European Parliament in Strasbourg. Speaking during a plenary debate on the recent storming attempt of the metal fence in the […]

Africa Finance Headlines International Morocco

Morocco’s King calls for more international support to enhance African economic resilience

King Mohammed VI has called for more international support and cooperation to enable African countries to mitigate the impacts of the soaring inflation affecting the global economy and enhance their resilience in the face of external shocks. In a message to participants in the 2022 Meeting of the African Caucus of Finance Ministers & Central […]

Americas Headlines International Morocco

Sahara: Andean Parliament impressed by Laayoune’s socioeconomic development

Members of the Andean Parliament, led by Senate Speaker of Chile, Fidel Espinoza Sandoval, have been dazzled by the socio-economic development accomplished in the Moroccan Saharan city of Laayoune. They toured the city on the sidelines of the first ever joint session held Monday by the Moroccan and Andean Parliaments in the capital of the […]

Europe Headlines International Morocco

Illegal immigration: Pedro Sánchez pleads for more solidarity with Morocco

Head of the Spanish Government Pedro Sánchez has pleaded for more solidarity with Morocco on the part of Spain and Europe to face up illegal immigration, while hailing the efforts made by the North African country to fight illegal immigration mafias. Some people “sometimes seem to think that countries like Morocco do not suffer from […]

Finance Headlines Morocco

Moody’s confirms improvement of Morocco’s financial outlook to stable

Credit rating agency Moody’s affirmed Morocco’s outlook to stable from negative while it maintained its long-term issuer at BA1. Moody’s noted the recovery of Morocco’s real GDP to levels backed by solid crisis management capacities by the government during the pandemic, the agency said in a statement. “The improved governance track record underpins Moody’s expectation […]

Asia Headlines International Morocco

Singapore hails Morocco’s serious & credible efforts to settle Sahara issue

Singaporean Minister of Foreign Affairs Vivian Balakrishnan on Monday commended Morocco for the “serious” and “credible” efforts it makes in the framework of the autonomy plan to resolve the Sahara issue. The Singaporean minister’s statement came during a joint press briefing with his Moroccan peer Nasser Bourita, after their talks in Rabat. The head of […]