News Flash

CMGP Group's IPO surges nearly 10% on debut

The initial public offering (IPO) of CMGP Group recorded impressive figures, with a subscription rate 37 times higher than the amount initially proposed. No fewer than 33,771 subscribers participated, generating a total demand of 40.69 billion dirhams (MMDH), while the offer was only 1.1 MMDH. This is the third largest IPO in the history of the Casablanca Stock Exchange, according to its CEO, Tarik Senhaji. In total, more than 203 million shares were requested, but the overall satisfaction

Korean travel agents convene in Marrakech for annual congress

The Korean Association of Travel Agents (KATA) is holding its annual congress in Marrakech from December 14-19, 2024, marking the first time the organization has hosted this major event in Morocco. According to the Moroccan National Tourist Office (ONMT), the congress brings together more than 60 participants, including KATA's top management, leading South Korean tour operators, tourism industry figures, and specialized economic press journalists. The congress serves as a platform for KATA

Rabat to host the draw for Afcon 2025 on January 27

The Confederation of African Football (CAF) has announced that Rabat will host the draw for the 2025 Africa Cup of Nations finals, set to take place in Morocco, on January 27, 2025. The opening match will be played on December 21, 2025, while the final match of the continent's premier football tournament will take place on January 18, 2026. These decisions were made during the meeting of the CAF Executive Bureau, which was held in Marrakech on Monday morning.

Morocco plans to double air transport capacity by 2026

Prime Minister Aziz Akhannouch said on Monday that the government aims to double air transportation capacity by 2026, launching new routes and expanding airport capacities to accommodate 80 million passengers by 2030. Speaking to the House of Representatives during a session dedicated to discussing infrastructure's role in economic and social advancement, Akhannouch highlighted that strategic infrastructure projects have been pivotal in Morocco’s modernization

Moroccan death toll rises to eight after Valencia Floods

The death toll in the Valencia floods among the Moroccan community has risen to eight, after a new body was found on Thursday, December 12. The body belongs to a 59-year-old man from northern Morocco who was discovered in a garbage dump as a result of the floods. The search is still ongoing for the body of another Moroccan woman, the Kingdom's Consul General in Valencia, Said Idrissi Bouzidi, told Yabiladi on Monday. The consul added that procedures are underway to repatriate the

96 wedding guests in El Jadida suffer food poisoning

On Sunday night, 96 guests at a wedding in Douar Daijat, a village near El Jadida, suffered from food poisoning. Several attendees developed symptoms such as diarrhea, vomiting, and colic after consuming chicken, raising suspicions of food contamination, according to media reports. The affected individuals were transported to Mohamed V Regional Hospital in El Jadida for medical treatment, with no fatalities reported so far. The public prosecution has ordered a preliminary investigation into

Huelva to recruit 4,000 Moroccan workers for strawberry harvest

A group of agricultural associations from Huelva arrived in Morocco on Monday to select around 4,000 new seasonal workers for the strawberry harvesting campaign, joining 11,000 others of the same nationality. According to Asaja-Huelva, one of the associations, the recruitment team will stay in Morocco until December 19 to select 1,204 more workers to complete the quota from last year, which was for 16,000 workers, of whom around 11,000 arrived in Huelva. This year, about 4,000 workers will be

Attijariwafa Bank wins Visa's Digital Banking Innovation Award

Attijariwafa bank's subsidiary, Attijari Payment Processing, received Visa's Digital Banking and Innovation Award on December 13, 2024. The award recognizes the group's role in implementing innovative digital technologies and transforming banking services for its customers. Visa's Morocco Country Manager, Sami Romdhane, highlighted that this awards reflects the partnership between the two organizations and their shared mission to provide innovative financial services to Moroccan

Moroccan footballer Oussama Idrissi leads Pachuca to Intercontinental Cup Final

Moroccan-Dutch player Oussama Idrissi, who plays in the Mexican league, helped Pachuca reach the final of the Intercontinental Club Cup. On Saturday, the 28-year-old was one of the teammates who overcame Al-Ahly (0-0) in a semi-final that ended in a penalty shoot-out (6-5). The Egyptian side, featuring the Moroccan trio Yahya Attiat-Allah, Achraf Dari, and Reda Slim, had a two-shot lead. But against all expectations, the Tuzos came out on top. With the bi-national left-winger, Pachuca now

Morocco to import Spanish meat

Morocco turns to Spain to supply its red meat market. A Moroccan delegation has signed agreements with seven Spanish companies in the sector, reports La Razon on Sunday, December 15. «Two 20-tonne trucks of this product have already headed for Morocco. The price on the wholesale market will be between 70 and 80 dirhams», stresses the same source. The use of meat imports was the subject of talks on October 25 in Rabat between the Minister of Agriculture and Fisheries, Ahmed Bouari,

OCP expands in the Sahel : Strategic partnership with Niger to boost Agriculture

OCP continues to expand in the Sahel. Morocco's phosphate giant has signed «a strategic memorandum of understanding with the Government of Niger under the aegis of the World Bank», its subsidiary OCP Africa announced on Saturday. This partnership enables «soil mapping, the implementation of advanced fertilization models, the opening of agricultural service centers to offer farmers holistic support, facilitating access for small-scale farmers to customized fertilizers

Morocco officially seeks permanent seat on the UN Security Council

It's now official. Morocco is interested in a permanent seat on the Security Council. This announcement was made on Saturday, December 14, in Rabat by the Kingdom's Permanent Representative to the United Nations, Ambassador Omar Hilale. «The Kingdom is eligible to become a member of the Security Council because, quite simply, the fundamental criterion for membership is to contribute to peace and security in the world, in particular by contributing to peacekeeping forces», he said

Strong wind gusts expected Monday in northern Morocco

Locally strong gusts of wind are expected on Monday in several Moroccan provinces, according to the Directorate General of Meteorology (DGM). The gusts, ranging between 70 and 85 km/h, will impact Tangier-Assilah, Fahs-Anjra, Tétouan, and Mdiq-Fnideq from midnight until 10 p.m. on Monday, the DGM stated in an orange alert bulletin.

Health Ministry admits oxygen supply issue, denies blame for 4 deaths at Moulay Youssef hospital

The Ministry of Health and Social Protection revealed on Saturday, December 14, the results of the investigation into the death of four patients at the Moulay Youssef Hospital in Rabat, denying any connection to a technical malfunction. In a clarifying statement, the ministry explained that following reports of four deaths at the Moulay Youssef Hospital in Rabat, coinciding with a technical malfunction affecting the oxygen supply channels, a committee from the ministry’s general

Zambia backs Morocco's Sahara sovereignty from Laayoune

Foreign Minister Nasser Bourita and his Zambian counterpart, Mulambo Haimbe, co-chaired the first session of the Joint Commission for Cooperation between Morocco and Zambia in Laayoune on Friday. In a joint communique, Haimbe reaffirmed his country's support for the Moroccan Sahara. The Minister «also welcomed the growing international consensus and momentum led by His Majesty King Mohammed VI in favor of the Moroccan Autonomy Plan and Morocco's sovereignty over the

Royal Air Maroc named «Best Airline in Africa» for second consecutive year

Royal Air Maroc (RAM) has secured the title of «Best Airline in Africa» at the 21st GT Tested Reader Survey Awards in 2024, marking its second consecutive win in this category. According to the US Global Traveler magazine, which organizes the awards, the selection process involved a comprehensive survey of 20,000 participants across more than 80 categories focused on luxury tourism and travel sectors. The magazine, recognized as a global reference in the travel industry, conducts

Moroccan couple arrested for smuggling minors into Melilla using their children's passports

The Spanish National Police arrested a Moroccan couple living in the city of Móstoles, a municipality in near Madrid, for smuggling two Moroccan minors into Melilla using their children's passports. According to Spanish media, the couple is facing charges related to falsifying documents and exploiting the rights of migrants, while one of the smuggled minors, a 17-year-old girl, was arrested and placed under the care of Melilla's minor protection services. According to a

Danish national wanted for murder arrested in Tanger-Med port

On Thursday, Tanger-Med Port police arrested a Danish national who was the subject of an international arrest warrant for his involvement in a premeditated murder, according to security sources.The 20-year-old suspect was arrested as he was about to board a maritime shuttle heading to a Spanish port, the same source said. A check against the Interpol database revealed that he had been placed under a search warrant following a red notice issued at the request of his country's judicial