The top 10 Arab and international countries with foreign exchange reserves – Foreign Exchange Reserves are known as foreign currency denominated assets held by the Central Bank. Foreign exchange in US dollars because it is the most traded currency in the world. Among the other currencies that are sometimes held in foreign exchange reserves, according…
Over the past two decades, Morocco has witnessed significant progress in the aviation sector, enabling it to strengthen its ambition to assemble an integrated aircraft within its borders.Today, it has become the largest exporter of aviation equipment in Africa, and the fifth in the world, thanks to its ability to produce more than 40 key…
Minister of Trade and Industry, Ryad Mezzour, revealed that “e-commerce has witnessed significant growth in recent years in Morocco, with its turnover reaching 22 billion dirhams (2200 billion centimes) in 2023, noting that “the annual increase in its turnover over the past five years has reached 30 percent annually.”Mezzour explained in the oral questions session…
The Chinese company “Zhenhua” Heavy Industries, one of the world’s leading companies in the manufacture of port cranes and large steel structures, signed an agreement with the Office Chérifien des Phosphates (OCP) group worth 200 billion centimes.This agreement aims to develop the freight transport system at the port of the city of Safi, reflecting the…
SHENZHEN, China, Nov. 12, 2023 /PRNewswire/ — Chifeng City, located in Inner Mongolia Province, one of the five autonomous regions of the People’s Republic of China, is known for its miles of grassy plains, winding rivers, and yurts dotting the grasslands. Despite the beauty and idyllic nature of these rural settings, although they are usually…
A recent report issued by the “Observer Research Foundation” (a research center) confirmed that the stability enjoyed by Morocco and its liberal economic policies made it an attractive investment destination for the Chinese Belt and Road and Digital Silk Road initiatives, noting that “the partnership between China and Morocco has witnessed significant growth over the…
Morocco has free trade agreements with the European Union, France, Italy, and the United States, in addition to being a party to the African Continental Free Trade Agreement, allowing any foreign company operating in Morocco to enjoy the benefits of access to the local market.” : Chinese state-owned and private companies invested approximately $9.4 billion…
Huawei announced the successful completion of theDigiSchool 2024project in Morocco, highlighting its contribution to ensuring equal access to digital technology for all students in the Kingdom The Digital School project was launched in February 2024to help prepare new generations for the demands of an increasingly interconnected world, and is part of the government’s 2022-2026 education…
Noting that the volume of trade between China and Africa amounted to about 177 billion dollars in the first half of 2024, according to a Chinese media that took place on September 2024, a high-level meeting was held in China. “Supporting industrialization in Africa, the modernization of agriculture, and green development on the road to…
Pipeline is a Moroccan project that aspires to strengthen regional integration and stimulate economic development along the African Atlantic coast and beyond. The inauguration of the gas pipeline project linking Morocco and Nigeria, during the state visit of King Mohammed VI to Nigeria, in December 2016. The pipeline will pass through Benin, Togo, Ghana, Côte…
