Finance & Economy

Morocco has decided to limit the export of argan oil. From July 1, the export of roasted and unroasted argan oil presented in packages larger than 5 liters will be subject to a license, said a statement from the customs administration. From this date, exporters wishing to benefit from export …

Morocco, which imported part of its wheat needs from Ukraine and Russia, two countries currently at war, had to find other sources of supply to cover its needs and build up a reserve. Asked about the state of the Kingdom’s strategic stock during the press briefing following the government council …

The world-class German sanitary equipment manufacturer, GROHE, opened its North and West Africa office in Casablanca a few days ago. The celebratory ceremony was held online via the company’s digital platform, GROHE X, which brought together the media, partners and employees of the group from different countries. The objective, through …

Ikea, the leading Swedish furniture and decoration company, is preparing to open a second store in Morocco, in order to reach thousands of households. Ikea wants to get closer to its customers. In this sense, it plans to open a new store in July 2022 in the province of Tetouan …

The European Bank for Reconstruction and Development (EBRD) will hold its 31st annual meeting and business forum next May in Marrakech, the London-based institution has announced. The holding in Morocco of this event, which will open on May 10, illustrates “the attractiveness of the Kingdom as a business center and …

A memorandum of understanding (MoU) in the aeronautical industry sector was signed in Rabat between Morocco and Israel Aerospace Industries (IAI). Initialed by the Minister of Industry and Trade, Ryad Mezzour, and the Chairman of the Board of Directors of IAI, Amir Peretz, this MoU is part of the implementation …

World Bank Group President David Malpass will travel to Casablanca and Rabat on Wednesday, March 23, 2022 for a two-day visit. This is David Malpass’s first visit to Morocco as President of the World Bank Group. This visit is part of the collaboration between Morocco and the global financial institution …

The 31st Annual Meeting of the European Bank for Reconstruction and Development (EBRD) will be held in Marrakech on 10-12 May. During a meeting held Monday in Rabat, the Moroccan Minister of Economy and Finance, Nadia Fettah Alaoui, and the EBRD Secretary-General, Kazuhiko Koguchi, signed the Memorandum of Understanding (MoU) …

The AD Industries Group inaugurated in Casablanca, its second industrial site in Morocco, specializing in the production of aeronautical metal parts. Located in the free zone of Midparc, this site, with an area of ​​5,000 m², specializes in boilermaking activities with high-tech cutting, forming, bending and welding resources. It is …

UK company Sound Energy has extended its binding Gas Sale and Purchase Agreement (GSA) for the development of Phase 2 of the Tendrara production concession with the Office National des Hydrocarbures et des Mines (ONHYM). Sound Energy and the Office national de l’Electricité et de l’eau potable (ONEE) have agreed …