Business Finance Headlines Morocco

Morocco: Cereal output expected to drop by 69%; agricultural GDP by 14% in 2022

The output of major cereals (soft wheat, durum wheat and barley), in the 2021/2022 agricultural campaign is expected to reach 32 million quintals (Mqx), a decrease of 69% compared to the previous campaign, while the agricultural gross domestic product (GDP) is projected to decrease by about 14% in 2022, according to the forecasts of the […]

Asia Headlines International Morocco

Morocco’s King congratulates Sheikh Mohammed bin Zayed Al Nahyan on his election President of UAE

King Mohammed VI has sent a message of congratulations to Sheikh Mohammed bin Zayed Al Nahyan, on his election Saturday President of the United Arab Emirates by the Federal Supreme Council, expressing his confidence that relations between the two countries will become more solid and stronger thanks to the shared will to raise them to […]

Community Editorials Headlines Morocco Opinions

Morocco: FAR 66th Anniversary, King announces creation of a multidisciplinary Peacekeeping Center

On the occasion of the 66th anniversary of the creation of the Royal Armed Forces (FAR), King Mohammed VI, Supreme Commander and Chief of General Staff of FAR, sent an order of the day to officers, non-commissioned officers and privates. In this Order of the Day, the King renewed Morocco’s commitment to the United Nations […]

Business Headlines Morocco

Fitch rates Morocco “BB+” with stable outlook

Fitch Ratings agency has affirmed Morocco’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB+’ with a Stable Outlook due to favorable debt composition, reasonably comfortable external liquidity buffers and a record of macroeconomic stability. In 2021, Morocco’s GDP growth rebounded to 7.4%, after contracting by 6.4% in 2020. “We forecast growth to decelerate to 1.1% […]

Asia Headlines International Morocco

Death of Sheikh Khalifa Bin Zayed Al Nahyane: King Mohammed VI decrees three-day national mourning

Following the passing away of Sheikh Khalifa Bin Zayed Al Nahyane, the President of the United Arab Emirates, King Mohammed VI has given his highest instructions to declare a three-day official mourning in the Kingdom, starting from Friday, May 13, 2022. During this three-day mourning, the national flag will be flown at half-mast at government […]

Business Europe Headlines International Morocco

Colas Rail Wins New €15 Mln Deal in Morocco

French Colas Rail Company, leader in railway infrastructures, has been awarded by Casa Transport SA, a €15 million contract for building the low-voltage systems for lines T3 and T4 of the Casablanca tramway. This new contract includes studies and the installation of the low-voltage systems on track, video surveillance & sound system, supervisory control and […]

Energy Europe Headlines International Morocco

Morocco, EU discuss ways to step up cooperation in sustainable investment in green energies

Means and ways to step up cooperation in the area of sustainable investment between Morocco and the European Union were at the focus of a meeting held Thursday in Marrakech between the Minister Delegate in charge of Investment Mohcine Jazouli, and the executive vice-president of the European Commission, Valdis Dombrovskis. During this meeting, held on […]

Asia Headlines International Morocco

King Mohammed VI expresses sincere condolences, deep feelings of compassion at death of president of UAE

King Mohammed VI, in his own name and on behalf of the royal family, and the entire Moroccan people, expressed his sincerest condolences and deep feelings of sympathy for the tragedy that befell the United Arab Emirates following the sad news of the death of Sheikh Khalifa bin Zayed Al Nahyan, President of the Gulf […]

Energy Europe Headlines International Morocco

Morocco, Netherlands announce ‘promising’ green hydrogen production partnerships

Morocco and the Netherlands are boosting green hydrogen production cooperation, announced by delegations from both countries following a bilateral meeting on the sidelines of the World Hydrogen Summit & Exhibition 2022 in Rotterdam. Partnership projects between Moroccan and Dutch operators in green hydrogen will soon see the light following the exchange on prospects of this […]

Business Finance Headlines Morocco

Morocco on course to double private investments by 2035

Morocco wants private investors to take the lead in spurring economic growth by increasing their share in total investments in the country to two-thirds, Moroccan investment and economy minister said. Morocco will adopt an investment charter that is designed to encourage private investment in the country, where the state was historically the main investor, finance […]