Asia Business Columns Emerging Markets Headlines International Morocco

Gotion High Tech gigafactory in Kenitra to start exports in 2026 – minister

The $1.3 billion gigafactory to be built by EV battery maker Gotion High Tech will start production in 2026 and will export 85% of its output, Moroccan minister in charge of investment Mohcine Jazouli said. The Moroccan government and Sino-European Gotion High Tech signed an investment deal for the plant which will be located in […]

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Kenya committed to balanced foreign policy amid US-China rivalry — president Ruto

Kenya’s president has reaffirmed his country’s commitment to a balanced foreign policy as the global power rivalry between the United States and China heats up and African nations are “bullied into taking sides.” “We’re neither facing East nor facing West; we’re facing forward,” Kenya’s President William Ruto said during an interview with Al Jazeera, to […]

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Isolated Tunisia tilts closer to Iran’s orbit

Tunisia’s president seems to be courting Iran, in a shift that risks further isolating the cash-strapped country. Once an advocate of the two-state solution to the Palestinian-Israeli conflict, Tunisia under president Kais Saeid has made a U-turn surfing on the anti-Jewish rhetoric of its mentor Algeria and following a foreign policy current that threw it […]

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Gotion High-Tech to set up industrial ecosystem for electric batteries manufacturing in Kenitra

Morocco and the Chinese-European Gotion High-Tech Group, a leader in the field of electric vehicles, signed, on Thursday in Rabat, a strategic investment agreement worth 12.8 billion dirhams on the setting up of a comprehensive industrial ecosystem for the manufacturing of electric batteries in Kenitra. The investment agreement, signed at a ceremony chaired by Head […]

Asia Business Headlines International Morocco

Morocco, Palestine poised to bolster industrial cooperation

Morocco and Palestine signed, Wednesday in Rabat, a memorandum of understanding (MoU) to strengthen industrial cooperation between the two countries. The agreement aims to strengthen collaboration and mutual recognition of compliance certificates, quality marks and halal labels between Morocco and Palestine. Minister of Industry and Trade, Ryad Mezzour, who co-signed the MoU with his Palestinian […]

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Korea-Africa Summit: Morocco Upbeat about Seoul’s Important Input to Africa’s Development

Morocco is convinced that Africa-Korea partnership brings in an important added value to the continent’s socioeconomic development, said Talbi El Alami, Speaker of the House of Representatives, who represents King Mohammed VI at the 1st Korea-Africa Summit convening in Seoul June 4-5. Korea’s technological & scientific progress, economic emergence, and steadfast commitment to the stability, […]

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Air Transportation: Morocco and UAE Strengthen Cooperation for Better Travel Experience

Morocco’s national carrier, Royal Air Maroc, and Etihad Airways of the United Arab Emirates have agreed to enhance their cooperation ties in order to provide their customers more flight options and better services for a memorable travel experience. The agreement, signed Monday, enables travelers of companies to book their entire journey on a single ticket […]

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Situation in Gaza: Morocco stresses importance of US President’s proposals; hopes parties concerned will commit to implementing roadmap

Morocco has stressed the importance of the proposals put forward by US President Joseph R. Biden, aimed at, among others, promoting a lasting ceasefire in Gaza, and expressed hope that the various parties concerned will commit to implementing the roadmap proposed. The Moroccan Foreign Affairs Ministry said in a statement that Morocco, whose Sovereign is […]

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Morocco-Korea: Towards establishment of legal framework on trade, investment

Morocco and south Korea are heading towards the establishment of a legal framework on trade and investment, with the aim to conclude an Enhanced Partnership Agreement (EPA). This was stated in a joint communiqué that was signed in Seoul by the Korean Minister of Trade Inkyo Cheong and Moroccan Foreign Minister Nasser Bourita, who participated […]

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South Korea seeks foothold in Africa

South Korea is hosting 48 African nations at a summit in Seoul to discuss cooperation on key minerals and other development projects in the growing African market, where great powers vie to strengthen their influence. Africa is a “crucial partner” for South Korea to further its industrial advances and “cooperation with Africa is not a […]