Business Community Energy Finance Morocco

Morocco starts giving subsidies to transport professionals

The Moroccan government started distributing subsidies to professionals in the transport sector to help mitigate the impact of the surge in energy prices on the purchasing power of citizens, marking a U-turn in its subsidies policy. This aid will benefit 180,000 professionals in different transport sectors including taxis, trucks, buses, inter-city travel and tourist transport. […]

Business Headlines Maghreb Morocco

Morocco’s economic growth to drop to 0.7% due to drought, war in Ukraine

Morocco’s central bank revised downwards this year’s growth forecast to 0.7% amid rising inflationary pressures due to fallout of the war in Ukraine and as Morocco faces an unprecedented growth. The Bank said Morocco’s cereals harvest will drop to 25 million quintals from 103 million quintals last year, amid a 57% rainfall deficit which meant […]

Asia Europe Headlines International Morocco

Moroccan Foreign Minister holds phone talks with his Russian and Ukrainian counterparts

Morocco’s Foreign Minister Nasser Bourita had separate phone conversations with his Russian and Ukrainian counterparts, Sergei Lavrov and Dmytro Kuleba, on Tuesday, March 22, 2022. This was the first high-level contact between Nasser Bourita and his Russian and Ukrainian counterparts since the outbreak of the armed conflict between Moscow and kyiv on February 24, 2022. […]

Asia Business Headlines International Morocco

Automotive: Japanese Sumitomo moves production to Morocco due to Russia-Ukraine war

Japanese Sumitomo Electric Industries has decided to move its production of automotive wire harnesses to Morocco and Romania due to the Russian-Ukraine war and heightened risks in this European zone. The decision was reported Monday by Japanese financial newspaper Nikkei, saying the move will enable the manufacturer of electric wire and optical fiber cables to […]

Africa Headlines International Morocco

World Water Forum: Hassan II Great World Water Prize Awarded to Organization for Development of Senegal River

The Hassan II Great World Water Prize was awarded to the Organization for the Development of the Senegal River (OMVS) in recognition of its commitment to this year’s theme “Water security in the territories for sustainable development and food security”. The award was handed to the High Commissioner of the organization Hamed Diané Seméga by […]

Europe Headlines International Maghreb Morocco

Moroccan-French Air-Land drills underway in Errachidia Region

Upon the high instructions of King Mohammed VI, Supreme Commander and Chief of General Staff of the Royal Armed Forces, a Moroccan-French joint air-land exercise dubbed “Chergui 2022” is underway in the region of Errachidia. The planning of this exercise, running from March 1 through 25, has been jointly conducted by the military officials of […]

Community Europe Headlines International Maghreb Morocco

Sahara: France reiterates support for Autonomy Plan as serious and credible

France reiterated, Monday, its support to the Morocco-proposed Autonomy Plan as a “serious and credible basis for discussions” for the resolution of the dispute over the Sahara. France’s position on the Sahara is “constant, in favor of a just, lasting and mutually acceptable political solution, in accordance with the resolutions of the United Nations Security […]

Algeria Europe Headlines International Maghreb Morocco

EU, Spanish officials welcome positive development of Morocco-Spain relations

The European Union (EU) welcomed, Monday, the positive development of relations between Morocco and Spain, saying this development is “beneficial for the implementation of the Euro-Moroccan partnership as a whole”. “The European Union welcomes any positive development between its member states and Morocco in their bilateral relations, which can only be beneficial for the implementation […]

Algeria Europe Headlines International Maghreb Morocco

Spain-Morocco: Spanish media hails Madrid’s support for Autonomy Initiative as a strategic decision for solid relationship

Spanish media have largely commented on Madrid’s shift in its position on the Sahara issue, pointing out that by expressing clear-cut support to the Morocco-proposed autonomy initiative for the Sahara, as “the most serious, realistic and credible basis” to settle the issue, Spain has adopted a “strategic and courageous” decision to build a “stable, solid, […]

Columns Headlines Maghreb Morocco Opinions

After its Sahara move, Spain sees new dawn in relations with Morocco

Morocco and Spain ushered a new era based on mutual respect and sincere cooperation after the Spanish Presidency openly expressed support for Morocco’s territorial integrity and the autonomy plan for the Sahara region. Spanish media Larazon said Spain’s support for the autonomy plan is a recognition of Morocco’s sovereignty over the territory. By the past, […]