Japanese company Sumitomo Electric Industries has signed an agreement with Morocco’s Ministry of Industry and Trade to invest nearly MAD 2 billion ($190 million) in Morocco’s automotive ecosystem. The investment …
Morocco
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- Banking, Finance & InvestmentMorocco
Morocco’s Diaspora Remittances to Reach MAD 105.8 Billion in 2022
Remittances from Morocco’s diaspora are set to reach MAD 105.8 billion ($10.1 billion) in the year 2022. New data from Morocco’s central bank, Bank Al-Maghrib predict that Moroccan remittances will …
Morocco’s House of Representatives on Tuesday adopted Bill No. 82.21 relating to a project for the self-production of electrical energy, the country’s Ministry of Energy Transition and Sustainable Development has …
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Morocco’s UM6P Hosts Metaverse Day to Promote Metaverse and Web3 technology
Morocco’s Mohammed VI Polytechnic University (UM6P) co-hosted on Wednesday in Ben Guerir an event with the tech giant and Facebook’s parent company Meta, with the aim of promoting the rising …
- BusinessEnergyEntrepreneurshipMoroccoNorth AfricaOil & Gas
British energy Company Chariot, ONHYM Reaches Agreement with ONEE on ANCHORS Gas Sales
British energy company Chariot announced that it and Morocco’s National Office of Hydrocarbons and Mines (ONHYM) reached an agreement with the National Office for Electricity and Potable Water (ONEE) on …
- Banking, Finance & InvestmentINVESTMENTMoroccoNorth Africa
European Bank Loans Morocco’s Nador Port €100 million For the Construction of Nador West Med port
The European Bank for Reconstruction and Development (EBRD) is financing the Nador West Med (NWM) is loaning €100 million for the construction of the Nador West Med port in Morocco’s …
- Banking, Finance & InvestmentBusinessEntrepreneurshipMorocco
BCP Receives a financing package of 25€ Million to support Morocco’s green transition
The European Bank for Reconstruction and Development (EBRD) is joining forces with the Green Climate Fund (GCF) and the European Union (EU) to allocate a financing package of €25million to …
- AviationBusinessEconomyMoroccoSpotlight
Royal Air Maroc Launches a New Flights offer for Moroccan Fans
Morocco’s national carrier Royal Air Maroc (RAM) has announced its latest round of flight offers to Doha for the benefit of Moroccan fans wishing to support the national football team …
- BusinessEconomyMoroccoNigeriaOil & Gas
ONHYM Signs 5 New Deals to Boost Nigeria and Morocco Pipeline Implementation
Morocco’s National Office of Hydrocarbons and Mines (ONHYM) has signed five new Memorandums of Understanding (MoU) with several countries, which emphasized their unwavering support for the implementation of the Nigeria-Morocco …
Morocco’s state-owned utility company ONEE is set to supply manufacturers in the automotive industry with green energy. Dubbed the “National Master Plan for Electric Mobility,” the initiative is a step …