Asia Business Headlines International Maghreb Morocco

Morocco seeking Israeli cruise missiles to enhance further its defense capability

Morocco is seeking to purchase Israeli cruise missiles “Delilah” to enhance further its multi-layered defense capabilities, according to specialized “Defensa” magazine. The North African Kingdom has opened negotiations with Israeli Elbit Systems to get the Delilah missiles for its F-5 jets as the country intends to upgrade these supersonic light fighters with advanced sensor systems […]

Americas Headlines International Maghreb Morocco

Morocco: Arrest of Daesh supporter in coordination between BCIJ & FBI

Morocco’s Central Bureau for Judicial Investigations (BCIJ) arrested, early Friday, a supporter of the terror Daech organization, for his alleged involvement in a terror plot aimed at seriously undermining public order. The 37-year old who was active in the city of Berkane was arrested in an operation conducted by the Special Force of the services […]

Business Europe Headlines International Morocco

Morocco’s competition council delivers its first sanction against Swiss Sika Ag

Morocco’s competition council fined Switzerland’s Sika Ag for its non-compliance with local competition law, the first sanction delivered by the regulator since its creation. Sika Ag had acquired Dry Mix Solutions, both operating in the manufacturing of construction material, without informing or getting approval from the Moroccan competition council in advance. The fine stood at […]

Europe Headlines International Morocco

Morocco, Spain resume cooperation for summer sea crossing

Morocco and Spain resumed cooperation to facilitate the crossing of 3 million Moroccans living in Europe by sea during the summer. The operation, dubbed Marhaba 2022, was halted for two years due to the pandemic amid tensions between the two countries that broke out last year. A joint statement issued following the landmark visit of […]

Business Community Headlines Morocco

Morocco: Construction works of a new 1,000-bed capacity hospital launched by King Mohammed VI

King Mohammed VI on Thursday launched, in Rabat, the construction works of the new Ibn Sina University Hospital Center, a futuristic project that will strengthen the Kingdom’s health offer with an over 1,000-bed capacity. This socially impacting project, requiring an investment of more than 6 billion dirhams, is part of a global vision to strengthen […]

Business Headlines Morocco

Morocco: Phosphates exports soared in Q1 to $2.4 billion

Morocco’s exports of phosphates and derivatives doubled in the first quarter of 2022 reaching $2.4 billion against $1.3 billion reported same period last year. According to latest data published by Moroccan Exchange Control Office, the positive financial results achieved by the state-owned phosphate OCP group are due to fertilizers’ higher prices which surged from $296 […]

Americas Headlines International Morocco

U.S. Jury awards Moroccan woman $3.25 Mln in compensation for medical error

Fatima Belhak, a U.S. citizen of Moroccan descent, has been awarded $3.25 million in a compensation lawsuit for a botched episiotomy when giving birth in 2014. She told The Quad-City Times that the verdict is an acknowledgment of the suffering she will deal with for the rest of her life and an injury that could […]

Americas Business Headlines International Morocco

Brazil seeks more Moroccan fertilizers

Brazil’s Agriculture Minister Marcos Montes is expected in Morocco this week to seek more fertilizers for his country after a halt of Russian exports, Reuters reported. Brazil relies on imports for about 85% of its fertilizer needs and is concerned about a potential global shortage of the products after Western nations imposed sanctions on key […]

Africa Energy Headlines International Morocco

Nigeria-Morocco gas pipeline attracts growing international interest – Nigerian official

There is a growing international interest and investors’ interest in the Nigeria-Morocco gas pipeline project that will be the world’s longest offshore pipeline to transport gas between the two countries, going through 11 other West African countries. Nigerian Minister of State for Petroleum Resources, Timipre Sylva disclosed that the Organization of Petroleum Exporting Countries (OPEC) […]

Business Headlines Morocco

Morocco, one of quickest responders to Covid-19 Crisis – IMF

Morocco is among the countries that reacted the fastest to the Covid-19 crisis, said Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF) in an interview published by French magazine Le Point. The Kingdom has put in place several instruments of support and social protection, targeting mainly […]