Business Headlines Morocco

Morocco’s soft wheat subsidies to soar to 3.84 billion dirhams ($410 million)

Morocco’s braces for a surge in the bill of subsidies to keep bread prices stable from 1.3 billion dirhams in a normal year to 3.844 billion dirhams expected this year, Delegate Minister in charge of the budget Fouzi Lekjaa said. Speaking to reporters following the weekly government council, Lekjaa deplored the difficult conditions in the […]

Asia Headlines International Maghreb Morocco

Arab Inter-Parliamentary Union renews support to Morocco’s sovereignty

The Arab Inter-Parliamentary Union reiterated, on Friday in Cairo, its support to Morocco’s sovereignty over its entire national territory. In a report authored by the Committee on Political Affairs and Parliamentary Relations, presented during the 32nd session of the Arab Inter-Parliamentary Union, held in Egypt, the Union stressed the principle of non-interference in the internal […]

Asia Headlines International Morocco

Anti-drug trafficking: Morocco takes part in large-scale international operation in Latin America & Europe

Morocco took part in a large-scale international operation of fight against drug trafficking, which was carried out simultaneously in Brazil and three European countries, Brazilian media reported. This operation, backed by the United States Drug Enforcement Agency (DEA) and Europol, was carried out as part of the execution of 19 arrest warrants issued by two […]

Africa Editorials Europe Headlines International Morocco Opinions

Morocco makes case for joint AU-EU action benefiting youth

King Mohammed VI made the case for a joint action to gear the African Union and the European Union partnership to serve the youth notably in the fields of education, culture and a win-win management of migration. In a speech read out by foreign minister Nasser Bourita at the AU-EU summit, the King reiterated the […]

Africa Europe Headlines International Morocco

Morocco’s King outlines challenges facing Africa-Europe partnership in the aftermath of the pandemic

King Mohammed VI has outlined the challenges facing the partnership between Africa and Europe and the priorities that should be on top of this partnership, such as education, youth employability, and migration. In a speech he addressed Friday to the ongoing 6th European Union-African Union Summit, held in Brussels, King Mohammed VI pointed out that […]

Europe Headlines International Morocco

Ryanair to launch new Edinburg-Marrakech air route in summer

Irish low-cost carrier Ryanair announced its biggest ever Edinburgh Summer schedule, with eight new destinations including Marrakech. Ryanair will operate 250 weekly flights for Summer 2022, which is 50 more than pre pandemic Summer 2019, the company pointed out in a release. “As Europe’s and Edinburgh’s largest airline, Ryanair is pleased to deliver our biggest […]

Africa Business Energy Finance Headlines International Morocco

EBRD provides €50 Mln to two Moroccan banks to support Morocco’s green transition

The European Bank for Reconstruction and Development has approved loans totaling €50 million to two Moroccan banks, namely “Crédit du Maroc” and “Société Générale Maroc” (SGMB), destined to boost Morocco’s green transition. The loan agreements were signed at the EU-Africa Business Forum in Brussels, co-organized by the European Commission, the African Union Commission, and African […]

Headlines Libya

U.S defends UN advisor against accusation of showing bias by Abdulhamid Dbeibeh cabinet

The US embassy in Libya Thursday rallied behind U.N. Advisor Stephanie Williams after spokesman of Prime Minister Abdulhamid Dbeibeh cabinet accused her of being biased towards new designated Premier Fathi Bashagha. This came after Mohamed Hamouda commented on a Wednesday meeting between Williams and Speaker of the House of Representatives Aguila Saleh in the town […]

Asia Business Community Headlines International Morocco

Morocco, Israel to strengthen economic & commercial ties

Israeli economy minister Orna Barbivai will visit Morocco next week to ink an economic and commercial cooperation accord that will enhance trade relations between the two countries. According to a statement released Thursday by the Israeli ministry of economy, Mrs. Barbivai will start on Sunday her visit to the North African Kingdom for meetings with […]

Business Europe Finance Headlines International Morocco

EBRD contributes €12 million for setting up an automotive testing center in Morocco

The European Bank for Reconstruction and Development (EBRD) is strengthening the competitiveness of the private manufacturing and service sector in Morocco with a €12 million loan to Morocco Mobility and Automotive Centre (ATC), a Moroccan company involved in automotive testing. EBRD said in a statement that the funds will help ATC acquire equipment to set […]