Business Headlines Morocco

Marrakech Air Show, a Showcase of Morocco’s Aeronautical Industry

The Marrakech airshow has become an annual event to showcase the progress achieved by Morocco’s aeronautical industry which is expected to grow by 20% in the next five years. Speaking to the press at a conference dedicated to the event, held this October 24-27, Minister for Industry, Investment, Trade and the Digital Economy Moulay Hafid […]

Algeria Headlines

Power Struggle: Algerian Assembly Elects New Speaker

Algeria’s National Assembly on Wednesday elected Mouad Bouchareb, 47, as new speaker by 320 votes with one absentee. Mouad Bouchareb will now replace Saïd Bouhadja who is accused of alleged mismanagement and “inability” to lead. The disputed Speaker adamantly refused to resign despite a series of decisions announced by the FLN party. Bouhadja claims that […]

Europe Headlines International Morocco

Marrakech Hosts Global Forum on Investments in Food & Agriculture

Public funding alone is not enough to achieve the Sustainable Development Goals (SDGs) said participants in the Global Forum organized Tuesday in Marrakech by the European Bank for Reconstruction & Development (EBRD), FAO and EU. They also called on international financial institutions to leverage private investments to tackle global challenges in food and agriculture. The […]

Finance Headlines Morocco

Social Services Feature Prominently in Morocco’s 2019 Appropriation Bill

The 2019 appropriation bill prepared by the Moroccan government and submitted for the approval of the parliament increases spending on social services, the reduction of social and spatial disparities as well as the promotion of enterprises. To that end, the government planned to spend an additional 7 billion dirhams as the budget dedicated to education […]

Business Europe Headlines International Morocco

OCP Group Complets Acquisition of 20% of Spanish Fertinagro Biotech

Moroccan OCP Group, the world’s largest exporter of phosphates and a leading global phosphate plant nutrition player, and Fertinagro Biotech S.L., a Spanish company which manufactures and supplies a wide range of plant nutrition solutions, have completed the acquisition by OCP, through one of its subsidiaries, of 20% of Fertinagro’s shares by way of a […]

Europe Headlines International Morocco

Spain Returns Migrants who Stormed Melilla Fence to Morocco

Spain has returned to Morocco dozen migrants who forced their way on Sunday to the Spanish occupied enclave of Melilla in the Northern African kingdom. A total of 208 migrants entered Melilla on Sunday after climbing over two barbed wire fences which separate the tiny territory from northern Morocco. One migrant died in the crossing. […]

Headlines Morocco

Excessive Speed to Blame for Morocco’s Tragic Train Derailment

Excessive speed of 158 km/h was to blame for the train derailment in Bouknadel, a town near Rabat, which left seven people dead and 125 others injured on October 16, the general prosecutor’s office at Salé first instance court said. The driver was arrested and will be tried on charges of involuntary homicide, the prosecutor […]

Finance Headlines Morocco

Morocco to Write off Debt of Young Entrepreneurs

The Moroccan government will support young entrepreneurs by canceling their debts owed to the State provided the overall or the remaining amount is less than $5000. The move was unveiled on Monday by Economy and Finance Minister Mohamed Benchaaboun while presenting the 2019 draft finance bill to the Parliament. It seeks to help young entrepreneurs […]

Headlines Morocco

Morocco Allocates 2.35 billion Dirhams to Upgrade Medinas

Morocco allocated 2.35 billion dirhams to upgrade five of its centuries-old towns and help develop handicrafts and revenue generating activities. At a ceremony chaired by King Mohammed VI in Marrakesh Monday, measures were introduced to develop the medinas (old towns) of Marrakech, Salé, Meknes, Tetouan and Essaouira. In Marrakech, the project to rehabilitate an old […]

Business Europe Headlines International Morocco

French Alten Opens Automotive Center of Excellence in Rabat, Targets Creation of 550 Additional Jobs by 2020

The French Alten Group, specializing in engineering and technology consulting, inaugurated a center dedicated to automotive engineering in Rabat last week. This new phase of its development in Morocco will include two training programs and professional integration. After the opening of the “Automotive and Aeronautical Embedded Systems” branch in Fez in May 2017, the Alten […]