Americas Business Headlines International Morocco

Oracle opens new R&D lab in Morocco, its first in Africa

The American giant of database management systems, Oracle Corporation, has announced the opening of a new branch of Oracle Labs, the company’s advanced research arm, in Casablanca, its very first Research and Development (R&D) laboratory in Africa. Oracle’s new lab will accommodate up to 100 researchers. Oracle’s cloud, artificial intelligence, and machine learning technologies will […]

Europe Headlines International Morocco

Morocco chairs transport forum ITF 2022 Summit in Leipzig

The Summit of the International Transport Forum (ITF 2022), held under the theme “Transport for Inclusive Societies”, kicked off, Wednesday in Leipzig, Germany, under the presidency of Morocco. The three-day event, which brings together delegations from some 80 countries, is chaired by the Minister of Transport and Logistics, Mohammed Abdeljalil. As the first Arab and […]

Asia Business Headlines International Morocco

Japan turns to Morocco for its food security

Japan is looking to Morocco to foster its food security in a global context marked by a surge in prices of soil nutrients on the back of the supply disruption created by the Russia-Ukraine conflict. Japanese deputy agriculture minister Takebe Arata told the media during his visit to Rabat that his country is seeking larger […]

Business Headlines Morocco

End of Covid tunnel for Morocco’s tourism sector

Morocco’s tourism businesses started to breathe a sigh of relief as the battered sector showed first signs of recovery from the fallout of the pandemic. With 80% in tourism revenue, the future looks promising for the sector backed by a promotional campaign targeting main tourist emitting countries. Speaking to MPs, tourism minister confirmed the recovery […]

Business Headlines Morocco

OCP reports $2.67 Bln earnings in 1st Quarter 2022

The revenues of the Moroccan state-owned phosphate group OCP reached $2.67 billion in the first quarter of 2022, up from $1.59 billion reported the same period last year. The record results achieved by OCP in 2021 have continued in the first quarter of 2022, driven by strong market conditions and operating efficiencies, says the OCP […]

Headlines Tunisia

Tunisia: Creation of National Authority for Defense of Rights, Democracy amidst deteriorating situation

Several Tunisian personalities on Tuesday announced the creation of the National Authority for the Defense of Rights and Democracy, which seeks to “defend rights and democracy and fight against human rights violations in Tunisia.” The authority’s objectives and working method were presented Tuesday by the constitutive committee at a news conference, reported TAP news agency. […]

Headlines Libya

Libya: HoR-backed PM Bashagha leaves Tripoli after fighting erupts

Libya’s parliament-appointed prime minister Fathi Bashagha left the capital Tripoli on Tuesday, his office said, hours after his attempt to enter the city led to clashes between rival factions. Clashes erupted earlier on Tuesday as Bashagha arrived to try to take control of government from a rival administration that has refused to cede power. Fighting […]

Business Europe Finance Headlines International Tunisia

EBRD Lends Attijari Bank Tunisia $1.6 million to Support Pharmaceutical Firm

The European Bank for Reconstruction and Development (EBRD) extends Attijari bank Tunisia a $1.6 million loan to enable pharmaceutical company Teriak enhance productivity and improve energy efficiency. The risk-sharing facility will help Teriak purchase new machinery & equipment and to undertake maintenance work at its Jebel Ouest facility. The funding will complement investment by the […]

Africa Headlines International Morocco

Gambia renews firm support for Moroccanness of Sahara

The Gambia has renewed its firm support to the Moroccanness of the Sahara and to the Morocco-proposed autonomy initiative. The reaffirmation was made by Gambian Minister of Foreign Affairs, Mamadou Tangara, following talks with his Moroccan peer Nasser Bourita in Rabat Tuesday. “I take this opportunity to reaffirm, without any ambiguity, the support of my […]

Europe Headlines International Morocco

Spanish Interior Minister: Relations with Morocco are of ‘absolute importance’

Relations between Spain and Morocco are “absolutely important and strategic,” said Tuesday, the Spanish Minister of Interior, Fernando Grande-Marlaska. “Relations with Morocco are absolutely important, relevant and strategic,” said Grande-Marlaska, who was guest to a program of Spain’s Antena 3 channel. “We are unfailingly fraternal neighbors. We have preserved, we preserve and we will continue […]