Emerging Markets Finance Headlines Morocco

Morocco’s economy grows 2.9% in 2024 first quarter despite drought

Morocco’s economic growth stood at 2.9% in the first three months this year, despite drought that undermined agricultural production. Led by domestic demand, non-agricultural growth was at 4% the same period thanks to the industrial sector and services, the high commissioner for planning said in a report. Rainfall was 42% lower compared to last year […]

Africa Headlines International Morocco

Morocco takes part in commemoration of Rwanda genocide

Head of the Moroccan government Aziz Akhannouch represented King Mohammed VI in the commemoration of the 30th anniversary of the Rwanda genocide. A remembrance event was also held in the national library in Rabat where participants recalled the atrocities against civilian Tutsis. In 1994, some 800,000 Tutsis were killed by armed Hutus tearing apart the […]

Europe Headlines International Morocco

UK Global Ports Holding, Preferred Bidder for Management of Casablanca Cruise Terminal

A consortium led by UK’s Global Ports Holding, the world’s largest independent cruise port operator, has been awarded by Moroccan authorities “preferred bidder status” to operate the Casablanca new cruise terminal. Besides GPH, which owns 51% of the consortium, the selected group includes local shareholder, Steya (40%) and Spanish Ocean Infrastructures Management (9%). After becoming […]

Algeria Comments Community Headlines Libya Maghreb

UMA: Libya Exposes Algiers Lies and Denies Tripartite Agreement on New Maghreb without Morocco

The bumbling Algerian regime continues to embarrass itself and lose credibility by trying to deceive the regional and international community with its old dirty games and political machinations which are no longer working. The latest fumble and slap in the face of the reckless Algerian rulers came from Libya’s Presidential Council which belied Algerian President […]

Headlines Morocco

King Chairs Religious Vigil Commemorating Laylat Al-Qadr in Casablanca’s Hassan II Mosque

King Mohammed VI, Commander of the Faithful, accompanied by Crown Prince Moulay El Hassan, Prince Moulay Rachid, and Prince Moulay Ismail, chaired, on Saturday at the Hassan II Mosque in Casablanca, a religious vigil commemorating the blessed Laylat al-Qadr. After the Isha and Taraweeh prayers, verses from the Holy Quran were recited by the child […]

Community Europe Headlines International Morocco

Morocco’s social protection reform described by French Le Figaro as singular initiative

French daily Le Figaro shed light on Morocco’s remarkable strides in reforming its social protection system, describing this initiative as “singular” within the African continent. The paper underscored the distinctiveness of Morocco’s reform, and emphasized that on a continent where fewer than 15% of the population benefits from social protection, Morocco’s efforts stand out significantly. […]

Business Emerging Markets Europe Headlines International Morocco

France reaffirms readiness to back Morocco’s investments in Sahara

French minister in charge of foreign trade, Franck Riester, said his country “welcomes” and is “ready” to finance Morocco’s investments in the Sahara territory. His statement echoes that of French foreign minister who broke the ice in Rabat saying France welcomed the development effort led by Morocco in its southern provinces and is ready to […]

Business Emerging Markets Europe Headlines International Morocco

Morocco to set new record in avocado export in 2023/24 Season

Avocado production and export in Morocco continues its upward trend, generating important foreign exchange earnings, said the international EastFruit online magazine. Between July 2023 and January 2024, the North African Kingdom exported nearly 40,000 tons of avocados, worth $120 million, setting a new record for the period. With four more months to go and the […]

Emerging Markets Headlines International Morocco

Morocco joins list of World’s 20 most powerful artilleries

The modernization of Morocco’s land forces enabled the Royal Armed Forces to take the 20th position in a list of armies with the largest and most advanced artillery arsenals. Using data from the Stockholm Peace Institute and other defense sources, US portal Insider Monkey listed Morocco as the 20th most powerful artillery, citing the upcoming […]

Business Egypt Emerging Markets Headlines Morocco

Morocco to impose anti-dumping measure on Egyptian tomato paste

Morocco is considering applying anti-dumping measures on tomato paste imported from Egypt, the industry minister said as local industries complain of unfair competition. The agri-food federation noted in a report that Egyptian imports had a far lower price resulting in loss of jobs for the local tomato paste industry, whose sales plummeted by 14%. The […]