Asia Business Emerging Markets Energy Headlines International Morocco Technology

South Korea’s LG considers EV battery factory in Morocco

South Korea’s LG Energy Solution (LGES) considers setting up a factory to make key electric battery component cathodes together with Chinese firms in Morocco, where numerous EV battery factories are under development. Wonjoon Suh, head of LGES’ advanced automotive battery division, told Reuters the company is negotiating partnerships with Chinese LFP cathodes makers, who produce […]

Africa Americas Finance Headlines International Technology

Nigeria fines Meta $220 million for breaching data law

Nigerian authorities fined Meta, the mother company of Facebook, whatsApp and Instagram, 220 million dollars for breaching consumer and data protection laws as well as abusing its position as market leader. The fine was announced following a 34-month investigation by Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC). Meta is also accused of sharing Nigerians’ […]

Emerging Markets Headlines International Morocco Technology

U.S. Tech Group Oracle to open two cloud regions in Morocco

A partnership agreement providing for the opening of two Oracle Cloud regions in Morocco was inked, Wednesday in Marrakech, between the U.S. technology group Oracle and the Moroccan ministry of Digital Transition and Administration Reform, the ministry of Investment, Convergence and Evaluation of Public Policies, and the Moroccan Agency for Investment and Export Development (AMDIE). […]

Americas Emerging Markets Headlines International Morocco Technology

Marrakech hosts Morocco-USA Venture Capital Forum

Marrakech hosted on Monday and Tuesday a Morocco-USA Venture Capital Forum, organized by the United States Embassy in Rabat, in collaboration with the US government initiative “Prosper Africa”. The forum, the first of its kind between the two countries on venture capital, brought together 25 of the most promising startups in the North African Kingdom. […]

Africa Headlines International Morocco Technology

Morocco fully supports initiatives to establish safe, resilient cyberspace (Official)

Morocco fully supports initiatives aimed at establishing a “safe”, “secure” and “resilient” cyberspace, Minister in charge of National Defense Administration, Abdellatif Loudiyi, said Monday in Marrakech. Speaking at the opening ceremony of the Africa Cybersafe Symposium, held on May 27-28 in Marrakech, at the initiative of the Directorate-General of Information Systems Security (DGSSI), under the […]

Asia Headlines International Morocco Technology

Bayt Mal Al Quds Agency launches in Casablanca startup incubator for Al-Quds youth

The Bayt Mal Al Quds Asharif Agency, an offshoot of Al Quds Committee, on Monday in Casablanca, a startup incubator in the field of innovation (BMAQ Plus) for young Al-Quds entrepreneurs. Part of the Agency’s digital strategy, this platform aims to incubate startups and offer real opportunities for integration into the job market, e-commerce, and […]

Asia Business Emerging Markets Headlines International Morocco Technology

Biotechnology: Morocco & India’s Serum Institute discuss cooperation in vaccine manufacturing

Morocco is looking forward to benefiting from the experience and know-how of Serum Institute of India in vaccine manufacturing and biotechnology to ensure its vaccine sovereignty. Cooperation prospects between the North African Kingdom and the Indian Institute were at the center of a meeting held Tuesday in Rabat between a delegation representing the world’s largest […]

Emerging Markets Headlines Morocco Technology

Morocco to launch 5G internet service by 2030- minister

Preparations are underway to launch 5G internet service in Morocco before 2030, when the country will co-host the world cup together with Spain and Portugal, digital transition and administration reform minister delegate Ghita Mezzour said. The official told MPs that the launch of 5G is part of Morocco’s 2030 digital strategy, and that the new […]

Headlines Lifestyle Morocco Technology

Oracle Expands R&D Activities in Morocco to Engineer AI Solutions for Global Market

U.S. computer company Oracle has announced plans to further strengthen its research and development (R&D) capabilities in Morocco by growing its local workforce to 1,000 information technology (IT) professionals. The goal is to speed up and accelerate the development of Oracle’s cutting-edge technologies that help solve customer challenges worldwide. A commitment agreement was signed Thursday […]

Business Emerging Markets Headlines Lifestyle Technology

Artificial Intelligence: U.S. firm Iozera to Invest $500 Mln in Data-center and AI Hub in Morocco

U.S.-based tech startup company Iozera has announced plans to set up a 386MW Data Center and artificial intelligence hub in the northern Moroccan city of Tetouan. The $500 million project will operate with renewable energies thanks to Morocco’s leadership in the sector. Iozera says it is designed to democratize access to advanced AI computing resources, […]