Business Emerging Markets Headlines Morocco

Morocco reforms traffic accident compensation system with 54% payment increase

Morocco’s government has introduced comprehensive reforms to its traffic accident compensation system, addressing longstanding criticism regarding complexity and processing delays. Justice Minister Abdellatif Ouahbi’s proposed legislation modernizes protection mechanisms for accident victims through expanded beneficiary categories and improved calculation methods. Current statistics highlight reform urgency: 2024 recorded approximately 655,360 declared accidents with insurance companies, including […]

Emerging Markets Finance Headlines Morocco

Morocco’s Central Bank keeps key interest rate unchanged at 2.25%, expects 4.6% Growth in 2025

Morocco’s Central bank has decided to maintain its key interest rate unchanged at 2.25 %, while continuing to strengthen the measures aimed at easing financing conditions for businesses, especially very small enterprises (VSEs). The decision was made Tuesday by the Bank’s board after having analyzed national and international economic developments and reviewed medium-term macroeconomic projections. […]

Africa Emerging Markets Headlines International Morocco

Morocco-Niger military cooperation reviewed in Rabat

Military cooperation between Morocco and Niger that covers a range of activities, including training, operational readiness of the forces, military healthcare, and the exchange of visits and expertise, was reviewed at a meeting in Rabat Tuesday between Inspector General of the Royal Armed Forces and Commander of the Southern Zone, Lieutenant General Mohammed Berrid, and […]

Americas Business Emerging Markets Headlines International Morocco

Morocco-Mexico business partnership strengthens through cooperation agreement

The General Confederation of Moroccan Enterprises (CGEM) and the Confederation of Industrial Chambers of Mexico (CONCAMIN) signed a memorandum of understanding on Monday in Mexico City meant to strengthen economic and industrial cooperation between the two countries and establish a strategic partnership in investment and trade. The agreement, signed by CGEM President Chakib Alj, who […]

Asia Business Emerging Markets Headlines International Morocco Technology

Industrial Drones: Hollyway sets up plant in Morocco

Hollyway, a Singapore-based company specialized in AI-powered smart drone systems for low-altitude industrial applications, has partnered with Morocco’s XAR Aerospace to establish a high-tech factory for manufacturing industrial drones in the North African Kingdom. The factory will produce autonomous industrial drones, leveraging Hollyway’s AI and automation tech alongside XAR’s “Made in Morocco” prototypes. This high-tech […]

Asia Business Emerging Markets Headlines International Morocco

Morocco, India’s TASL inaugurate armored vehicles plant

Morocco in partnership with India’s TATA Advanced Systems Limited (TASL) inaugurated  this Tuesday Morocco’s first 8×8 combat armored vehicles plant in Berchid. The plant was opened at high directives of King Mohammed VI, Supreme Commander and Chief of the General Staff of the Royal Armed Forces (FAR). The King had previously urged the setting up […]

Headlines Maghreb Morocco

Sahara: Constants of Morocco’s position reaffirmed at meeting with Staffan de Mistura in New York

The unchanging constants of Morocco’s position regarding the achievement of a realistic, pragmatic, and lasting political solution to the Sahara issue, were reaffirmed at a working session held in New York Monday between Moroccan Foreign Minister Nasser Bourita and the UN Secretary-General’s Personal Envoy for the Sahara, Staffan De Mistura. The working session, attended by […]

Americas Headlines International Maghreb Morocco

Paraguay recognizes Morocco’s sovereignty over its Sahara, considers opening of consulate in southern provinces

Paraguay has formally recognized Morocco’s sovereignty over its Sahara and is considering opening a consulate in the Kingdom’s southern provinces, announced, on Monday in New York, the country’s Minister of Foreign Affairs, Rubén Darío Ramírez Lezcano. “We support Morocco’s sovereignty over its Sahara, and we are considering the upcoming opening of a Paraguayan consulate in […]

Europe Headlines International Morocco

Atlas Lion, Ayoub El Kaabi, best foreign player at Greek premier league- football association

Moroccan international Ayoub El Kaabi has been named Best Foreign Player of the 2024–2025 season by the Greek Professional Footballers’ Association, at a ceremony held on September 22. The Olympiakos striker received the accolade for the second consecutive year, following another standout campaign in the Greek Super League. El Kaabi, 32, scored 15 goals and […]

Business Columns Emerging Markets Europe Headlines International Morocco

International Business Times: Casablanca Port Complex, Milestone in Morocco’s Royal Atlantic Vision

King Mohammed VI’s inauguration of the new Casablanca port marks a bold step in Morocco’s Royal Atlantic Vision, positioning the Kingdom as a vital hub for trade, security, and investment between Africa and Europe, said on Monday International Business Times in its UK edition. The new Casablanca port complex marks a significant milestone in the […]