Morocco-Germany: Industry Minister showcases Morocco’s economic assets

Marrakech  -  Industry, Trade, Investment and Digital Economy minister Moulay Hafid El Alamy showcased, during a meeting with a German businessmen delegation on Thursday in Marrakech, Morocco's business opportunities and its special location as a hub in Africa.  Members of the delegation accompanying German foreign minister Frank-Walter Steinmeier, as part of a working visit to Morocco, closely followed the ...

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Morocco, Côte d’Ivoire to set up strategic committee for economic development

Marrakech  -  Morocco and Côte d'Ivoire agreed to set up a strategic committee for economic development to give new impetus to their partnership. In a joint statement issued at the end of the official visit of the Ivorian President Alassane Ouattara at the invitation of HM King Mohammed VI, the two countries agreed to consolidate the legal framework of their ever-growing economic relations by signing 17 ins ...

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Morocco-Côte d’Ivoire Trade Exchange Tripled in 2009-2013

Marrakech - Trade exchanges between Morocco and Côte d’Ivoire tripled between 2009 and 2013, Economy and Finance Minister Mohamed Boussaid said Tuesday. "Côte d’Ivoire is the eighth supplier and the fifth customer of Morocco," Boussaid told MAP on the fringes of the signing ceremony of several bilateral cooperation agreements, chaired Tuesday at the Marrakech Royal Palace by King Mohammed VI and Ivorian Pre ...

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Moroccan-Ivorian Economic Forum Kicks Off in Marrakech

Marrakech - The Moroccan-Ivorian Economic Forum, which brings together economic operators and ministers from both countries, kicked off Wednesday in Marrakech. Themed "Morocco-Côte d’Ivoire: ongoing emergence dynamic", the forum is held on the occasion of the visit of Côte d’Ivoire’s President, Alassane Dramane Ouattara, to Morocco at the invitation of HM King Mohammed VI. During this visit, Mr. Ouattara is ...

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Morocco’s Economy to Grow 4.8% in 2015

Casablanca - Morocco’s economy is expected to grow by 4.8% in 2015 compared to 2.6% last year, High Commissioner for Planning, Ahmed Lahlimi Alami, said Wednesday in Casablanca. This economic growth is expected to create 170,000 jobs, bringing to 9.6% the national unemployment rate, instead of 9.8% in 2014, Lahlimi pointed out at the presentation of the 2015 forecasts. These forecasts are based on a good 20 ...

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These are the Best Employers in Morocco

Rabat - For people who are in search of their dream jobs, a list of the best employers in Morocco has just been revealed. The list of the best employers in Morocco was conducted by the Best Companies institute in partnership with the consulting firm Lycom and the Ministry of Employment and Social Affairs. The classification of the best companies in corporate Morocco was divided into two categories: big comp ...

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ANRT Forces Maroc Telecom to Share Its Infrastructure with Competitors

Rabat - Maroc Telecom is fighting back against the decision of the Telecommunications Regulatory National Agency (ANRT) forcing the company to share copper and fiber infrastructure with competitors from the market for the deployment of 4G technology. Morocco's telecom watchdog decision was described as “bizarre” by sources from Maroc Telecom contacted by Morocco World News, saying the decision to share civi ...

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Morocco’s Foreign-exchange Reserves Cover 5 Months, 9 Days of Imports

Rabat - Morocco’s foreign reserves rose to cover 5 months and 9 days of imports compared to 4 months in December 2013, said Jawad El Hamri, the Director General of Morocco’s foreign exchange regulator, Office des Changes. The rise in foreign exchange reserves is mainly ascribed to the improvement of the trade balance, El Hamri was quoted as saying by the French-speaking daily Economist on Thursday. El Hamri ...

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Overall Activity of Tangier Med Port Grows 17% in 2014

Tangier - The overall activity by the Tangier Med Port grew by 17% in 2014 compared to the year 2013, said on Thursday the Tangier Med Port Authority (TMPA). The global volume of goods processed by the facility reached 41.67 million tons year on year, said a statement by the TMPA. The traffic of containers increased by 20% concerning twenty-foot equivalent units (TEUs) and 22% for tonnage compared to 2013, ...

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Moroccan Economy to Grow 4.6% in 2015: World Bank

Rabat- The World Bank report forecasts an average growth of 4.6 percent for Morocco in 2015. The World Bank biannual report published late Tuesday said Morocco's nonagricultural output remained flexible, adding that it was driven by private consumption and a surge in exports of manufactured goods (including cars and electrical items) and phosphates. The report said that Morocco has been able to make progres ...

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Morocco’s OCP to buy 10% of Brazil’s Fertilizantes Heringer

Rabat  -  Morocco's state-owned phosphate company (OCP) has received authorization to buy 10% of Brazil’s leading fertilizers company Fertilizantes Heringer, the two companies said in a joint statement. The two companies received the required approvals to make the deal which will enable the international branch of the OCP to acquire 10% of the Brazilian company along with the signature of a long-term supply ...

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Saudi Arabia’s AKWA Wins $2 Billion Solar Power Deal in Morocco

Rabat -  A consortium led by Saudi Arabia's ACWA Power International has reportedly won a $2 billion contract to build two solar power plants in the southern Moroccan city of Ourzazate. The two plants totaling 350 megawatts are the second phase of the 500MW Ouarzazate project, which aims at producing 2 gigawatts of solar energy by 2020, Reuters said quoting a statement by the Moroccan Solar Energy Agency (M ...

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