First Independent Mena Newspaper
Following suit to other major Spanish hotel groups, conglomerate Hotusa revealed plans to have a footprint in Morocco through its hotel subsidiary, Eurostars Hotel Company. The group disclosed, in a recent announcement, that it would inaugurate three hotels in the North African Kingdom, with openings slated for 2024 and 2025. The inaugural property, Eurostars Casa […]
Chinese company Zhejiang Hailiang has announced plans to invest $288 million in a Moroccan facility to produce copper foil for lithium batteries to power electric vehicles. According to press reports, citing the Company’s filing to the Shenzhen Stock Exchange, the new Moroccan base will enable the Chinese producer of copper tubes and rods to meet […]
Morocco’s handicrafts exports grew to $1 billion in 2023, up 7% from a year earlier, tourism minister said. Speaking at a fair in Rabat, Fatima Zahra Ammour said her department was working to preserve 32 handicrafts. Morocco’s colourful and diversified handicrafts employ 20% of the total Moroccan workforce. Despite its strong social dimension, the sector […]
Investment opportunities in Morocco and the strength of the strategic partnership binding the Kingdom and the United States were highlighted during a roundtable discussion held in the city of Arlington, Texas (South), on the sidelines of the U.S.-Africa Business Summit which runs through May 9 in Dallas. Addressing the panel, Morocco’s ambassador to the United […]
King Mohammed VI received, this Tuesday, a message from Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud. The message was handed to King Mohammed VI by King Salman’s envoy, Prince Turki bin Mohammed bin Fahd bin Abdulaziz Al Saud, Saudi Minister of State, member of the Council of Ministers, at an […]
Sweden’s Trelleborg group has pledged to invest €11 million in its plant to be set up in Morocco’s aerospace industrial zone, located in Casablanca suburbs, which are housing facilities of major industry players such as Boeing, Airbus, Sabca, Safran, Eaton, Matis, Nexans, Thales, Pilatus Hexcel… The Swedish group joins the expanding ecosystem with its engineered […]
Morocco earned the 6th place in the first FIFA Futsal Men’s World Ranking after completing an unbeaten season with a stunning performance. According to FIFA, the rise of the North African team has been nothing short of meteoric. They defeated Kuwait 7-1 in the Arab Futsal Cup final, trounced Argentina 7-0 in a friendly, finished […]
Preparations for the upcoming Arab summit scheduled to be hosted by Bahrain this May were discussed at a meeting held in Rabat Tuesday between visiting Bahraini Foreign Minister Abdullatif bin Rashid Al Zayani and his Moroccan peer Nasser Bourita. Bahrain will host the 33rd Arab summit May 14 – 16. The Bahraini official’s visit to […]
Morocco increased eightfold the area cultivated with legal cannabis to 2078 hectares as the number of permits for investors grew to 161. Speaking to Asharq, head of the national agency for the regulation of the activities linked to cannabis, Mohamed Guerrouj, said these figures reflect the success of legalization among farmers and investors alike. “This […]
A new assessment by the Policy Center for The New South put the material damage of Sept 8 earthquake at 3 billion dirhams ($300 million), accounting for nearly 0.2% of Morocco’s GDP. The quake which hit vast swathes in the High Atlas mountains killed 3000 people and damaged 59,674 buildings, of which 32% were destroyed […]