Analysis Business of Sport Qatar scores, with vital assists from Iran, Turkey and the UAE Alongside the massive investment and the 12 years of preparation, Qatar has called in more than a few favours to aid the smooth running of the World Cup. While its allies have proved keen to help, Doha has had to tiptoe carefully around the geopolitical faultlines that run through the Gulf. Turkey has sent more […] November 21, 2022
Analysis Agriculture Morocco aims to become the world’s premier fertiliser producer Russia’s invasion of Ukraine has upset the global agricultural industry in more ways than one – but for Morocco, one of the world’s largest fertiliser producers, it has presented an opportunity. Not only were Russia and Ukraine some of the world’s most important wheat and grain exporters, but they also played a central role in […] November 15, 2022
Energy ‘Encouraging’ signs for UK firm’s $206m Moroccan gas deal British firm Sound Energy has announced that it is extending negotiations with Morocco’s largest bank over a $206 million deal for the Grand Tendrara and Anoual exploration permits. The London-headquartered company, which has a wholly owned subsidiary in Morocco, has until December 15 this year to agree terms of a financing agreement with Attijariwafa Bank. […] November 3, 2022
Banking & Finance Morocco shores up finances by choosing IMF deal over bonds Morocco has not issued an international bond this year due to market volatility and higher interest rates, opting instead for an International Monetary Fund (IMF) credit line to shore up public finances, the finance minister said on Tuesday. Last time Morocco issued an international bond was in 2020 when it raised $3 billion. “This year […] October 26, 2022
Trade UK drinks firms raise glass to Morocco and Tunisia trade deal British drinks companies have raised a glass after the UK removed trade barriers that deterred alcohol sales to Morocco and Tunisia. The changes in the countries, which extends to Argentina and Angola as well, will help the UK’s products to reach millions of new potential customers and boost alcohol exports, which reached £6.5 billion last […] October 17, 2022
GITEX 2022 Tech Gitex plans first venture outside Gulf: a 2023 show in Morocco The tech show organiser is running an exhibition in Marrakech next year to 'explore new ventures in the world’s rising tech continent' October 12, 2022
Economy Morocco’s economic growth slows as agriculture slumps Morocco’s economic growth is projected at 1.8 percent in the third quarter of 2022, compared to 2 percent in the previous year, Morocco World News has reported, citing the country’s Higher Commission for Planning. The agriculture sector’s contribution fell by 15.2 percent and is expected to decrease further by almost 16 percent at the end of 2022, […] October 10, 2022
Analysis Energy Answer to UK’s energy needs is blowing in the Moroccan wind The UK is working with Morocco on an £18 billion ($20bn) plan to build vast solar panel and wind farms in the desert that could power more than seven million British homes by 2030. It will also deliver electricity at about half the rate of that produced by nuclear power plants. With the world in […] October 3, 2022
Moroccan group to buy half of Spanish animal nutrition firm Morocco’s fertiliser producer OCP Group has signed an agreement to purchase a 50 percent stake in GlobalFeed SL from Spain’s Fertinagro Biotech, the company said in a statement. The acquisition is part of OCP’s global growth strategy in the animal nutrition market. GlobalFeed’s operations focus on animal nutrition solutions, manufacturing, and distribution of products such […] September 27, 2022
Analysis Manufacturing Morocco in drive to become a global EV manufacturing hub Ask anyone to name the global electric vehicle manufacturing powerhouses and the US and China are the first countries that will spring to mind. But Morocco now looks set to join the big league after its government announced in July that it is planning to ink a deal with several EV battery manufacturers to construct […] September 16, 2022
