Finance & Economy

Automotive sector exports amounted to 77.68 billion dirhams for the first nine months of this year, up 34.9% compared to the end of September 2021, according to the Foreign Exchange Office. These exports reach their highest level during the same period in the last five years, indicates the Office which …

The era of technology is once again taking us to a novelty soon to be available in Morocco thanks to the association between the African giant Jumia Technologies and the American startup specializing in drone delivery, Zipline. The leading e-commerce platform in Africa recently announced the launch of a new …

To celebrate the 10th anniversary of its Moroccan industrial site in Tangier, the Renault automotive group has awarded it the production of a new model, in addition to the Dacia: the Mobilize Duo. This first 100% electric vehicle, designed for shared mobility, will roll off the lines from 2023. Inaugurated …

Morocco and the Netherlands are strengthening their cooperation in the production of green hydrogen. Indeed, partnership projects should soon see the light of day as agreed at the end of a bilateral meeting on the sidelines of the World Hydrogen Summit & Exhibition 2022 in Rotterdam last June, including the …

Morocco is experiencing an unprecedented water shortage. The situation is worsening day by day as evidenced by the figures of the General Directorate of Hydraulics concerning the situation of the dams. As of August 31, 2022, the filling rate of dams at the national level is only 25.8%, while on …

Revenue from Foreign Direct Investments (FDI) reached 17.62 billion dirhams during the first seven months of 2022, up 80.3% compared to the same period in 2021, according to the Exchange Office. FDI receipts recorded an increase of 40.3% totaling 23.78 billion dirhams at the end of July 2022 against 16.95 …

Sales of phosphates and derivatives increased by 81.1% to reach more than 68.77 billion dirhams for the first seven months of 2022, according to the Foreign Exchange Office. This development follows, mainly, the increase in sales of natural and chemical fertilizers (+22.79 billion dirhams) due to the price effect which …

Morocco is considered a “pioneer” country in the field of alternative energies in North Africa, writes the German daily “Taz” in its weekend edition. With the outbreak of war in Ukraine, the German government, like other European countries, including France and Italy, embarked on the search for new energy partnerships …

Israeli-Moroccan relations are going well and the Economic and Trade Cooperation Agreement between the Government of the Kingdom of Morocco and the Government of the State of Israel seems to be bearing fruit. Indeed, after the re-establishment of diplomatic relations, trade between Israel and Morocco reached 117.11 million euros in …

In 2021, Spain imported a total of 178.16 million kilos of tomatoes with an increase of 7.59% compared to the previous year. Among Spain’s supplier countries, Morocco sold its Iberian neighbor 80.79 million kilos, or 45.34% of the total, for a total value of 832 million dirhams. The country that …