Business Finance Headlines Morocco

Morocco’s Central Bank gearing up digital currency

As many Western societies are going paperless and cashless, several central banks across the world started testing digital money to assess the risks and benefits of cryptocurrency, a global market spurred by Covid-19 restrictions in emerging economies particularly in Africa and Asia. Sensing the growing importance of decentralized digital currency with the evolution of Information […]

Business Energy Europe Finance Headlines International Morocco

EU to invest €1.6 billion in Morocco as part of its Global Gateway strategy

The European Union will invest €1.6 billion in Morocco to promote the green and digital transition. This investment is part of the new European strategy, called Global Gateway, launched last December. The European Union will invest €1.6 billion (more than 17 billion dirhams) in Morocco. The announcement was made this Wednesday, February 9, 2022, by […]

Asia Headlines International Morocco

President Mahmoud Abbas commends Morocco’s role in supporting Palestinian cause, promoting world peace

President Mahmoud Abbas of Palestine has commended Morocco’s role and “honorable” history in supporting the Palestinian cause and serving peace issues worldwide, under the wise leadership of King Mohammed VI, and his predecessors, the late Mohammed V and the late Hassan II. President Abbas who made the remarks while receiving in Ramallah, on Wednesday, Morocco’s […]

Europe Headlines International Morocco

EU Chief Reaffirms Willingness to Deepen Ties with Morocco, EU’s Key Partner in Region

European Union Commission President, Ms. Ursula von der Leyen, has voiced the Union’s determination to strengthen further its relations with Morocco, EU’s major partner and friend in the region. The EU Chief made the remarks on Tuesday in Rabat wherein she conferred separately with the Head of Govt. Aziz Akhannouch and Foreign minister Nasser Bourita […]

Africa Business Emerging Markets Headlines International Morocco

Morocco tops African peers in Agility Emerging Markets Logistics Index

Morocco outperformed other emerging African markets in terms of logistics and supply chains in the annual Agility Emerging Markets Logistics Index. The Index ranks countries for overall competitiveness based on their logistics strengths, business climates and, for the first time, their digital readiness. It also takes into account factors that make markets attractive to logistics […]

Business Headlines Maghreb Morocco

Drought haunts Morocco’s crop year

Late rainfall is auguring ill for this year’s crop year in Morocco amid a depletion of water dam filling rate to worrying levels. Last year Morocco had an exceptional cereals harvest of 13.5 million tons and exports of agri-food products rose 9.2% to 69 billion dirhams. This year however farmers are ringing the alarm bell […]

Africa Community Headlines International Morocco

Morocco’s Royal Navy assists 256 would-be migrants at sea

The Royal Navy coastguards operating in the Mediterranean and the Atlantic have provided assistance to 256 would-be migrants from February 5 to 8. The candidates to illegal emigration, mostly sub-Saharans, included 41 women and 5 children. They were facing difficulties on board makeshift inflatable boats, military sources said. The rescued people received first aid on […]

Africa Asia Business Headlines International Morocco

Morocco-OIC trade exceeded $9Bln in 2020

Trade between Morocco and its partners among the member states of the Organization of Islamic Cooperation (OIC) reached more than $9 billion in 2020, an official from the Ministry of Industry and Trade said on Tuesday. Speaking at the opening of the 20th meeting of Economic Advisers to the Embassies of OIC Member States accredited […]

Americas Headlines International Morocco

Death of Moroccan Rayan continues to prompt sympathy from around the world

The five-year old Moroccan boy, who died last week after being trapped in a well in the northern region of the country, continues to draw worldwide sympathy with the bereaved family and generate gratitude to the search teams. Following this tragic incident, King Mohammed VI offered in a phone call his condolences and sympathy to […]

Asia Business Headlines International Morocco

Morocco and Qatar sign six agreements, discuss bilateral cooperation, regional issues

Morocco and Qatar signed, Monday in Doha, six agreements and memoranda of understanding in various sectors on the occasion of the holding in Doha of the 8th session of the High Joint Commission. The accords cover the fields of endowments and Islamic Affairs; tourism; trade, as well as financial control between the two countries’ audit […]