Category: Market

The Kingdom of Morocco and the Sultanate of Oman are determined to open up new prospects for cooperation and partnership, said Nasser Bourita, Minister of Foreign Affairs, African Cooperation and Moroccan Expatriates, in Rabat on Tuesday.

During a joint press conference with Omani Foreign Minister Badr bin Hamad bin Hamoud Al-Busaidi at the end of the 6th Morocco-Oman Joint Commission, Bourita said that the two countries agreed on the importance of opening up new areas of cooperation, including renewable energy and the green and digital economy, in addition to consolidating joint efforts in investment, economic and trade-related aspects in order to raise them to the expected level.

The Minister also stressed that this meeting provided an opportunity to review the fruitful cooperation relations between the two countries and discuss ways to raise them to higher levels, in line with the aspirations of the two Sovereigns, HM King Mohammed VI and HM Sultan Haitham Ben Tarek.

The meeting also served to strengthen and enrich the legal framework of bilateral relations through the signing of several memoranda of understanding in the fields of diplomatic academy, maritime and rail transport and ports, he said, adding that other texts on judicial and commercial cooperation, youth, culture and Habous and Islamic affairs are being prepared for signing in the next stage.

Bourita also said that his talks with his Omani counterpart focused on strengthening the strategic partnership relations between Morocco and the GCC, in view of the fact that the sisterly Sultanate of Oman holds the presidency of the current GCC session, expressing his conviction that this country, known for its outstanding role in consolidating the foundations of peace and stability in the region, thanks to the wise leadership of Sultan Haitham bin Tariq, will contribute to enriching the work of this Council and strengthening the privileged partnership relations with Morocco.

Bourita also welcomed the position of the Sultanate of Oman in support of the Moroccan Sahara and the territorial integrity of the Kingdom. “I take this opportunity to highly appreciate the position of the brotherly Sultanate of Oman in support of the Moroccan Sahara and the territorial integrity of Morocco,” he said.

“His Majesty King Mohammed VI, the Moroccan people and all the Kingdom’s forces highly appreciate the position of the Sultanate of Oman in support of the Moroccan character of the Sahara,” the Minister continued, noting that this position is not foreign to the sisterly Sultanate of Oman, which participated with a high-level delegation in the glorious Green March in 1975, when the Omani flag was raised alongside the Moroccan flag during this historic epic.

Source: Agency Morocaine De Presse

Minister of Foreign Affairs, African Cooperation and Moroccan Expatriates Nasser Bourita affirmed Tuesday in Rabat that Morocco and the Sultanate of Oman are pursuing the same ambition to attain more global goals and a promising long-term partnership to keep pace with the transformations that the world is undergoing, especially in the fields of trade, investment and business within the framework of globalization and economic blocs.

Bourita, who co-chaired the 6th Morocco-Omani Joint Commission meeting with his Omani counterpart Badr Bin Hamad Bin Hamoud Al-Busaidi, pointed out that other sectors such as energy, renewable energy, digital economy and agriculture offer promising opportunities for bilateral cooperation, in line with the farsighted vision of the two countries’ leaders and their determination to ensure the success of their visions of progress and sustainable development.

Bourita, who expressed his satisfaction with the results achieved so far, stressed the importance of involving all economic actors in the economic dynamism of both countries, as well as exploiting all investment opportunities in both countries, calling on the General Confederation of Moroccan Enterprises (CGEM) and the Omani Chamber of Commerce and Industry to activate the Moroccan-Omani Business Council and promote joint investments in all fields.

He also highlighted the achievements of the Sultanate of Oman under the enlightened leadership of His Majesty Sultan Haïtham Ben Tariq and the country’s leading role in promoting regional and international peace and security in support of a clear vision based on dialogue and non-interference in the internal affairs of other countries and respect for their territorial integrity.

In this regard, he noted that the two countries share the same principles and values in their relations with various partners.

The Minister also congratulated the Sultanate of Oman on its assumption of the rotating presidency of the Gulf Cooperation Council (GCC), which is linked to Morocco by a strategic partnership and is regarded as one of the tributaries of cooperation between Morocco and the sister countries of the Gulf, expressing his conviction that the Sultanate of Oman’s presidency of the current session will contribute to the enrichment of joint action and the strengthening of fruitful partnership relations with the Kingdom.

Today’s meeting has special significance, given that it coincides with the 28th anniversary of the creation of the Moroccan-Omani Joint Commission on June 27, 1995, as well as the second meeting in which the chairmanship of the Joint Commission was entrusted to the two Foreign Ministers following the Muscat session on January 6 and 7, 2019.

This 6th session is also intended as a consecration of the two countries’ determination to hold this commission on a regular basis as the main mechanism for consolidating bilateral cooperation in the various economic, cultural, technical and social fields, while developing the means of action and broadening the partners, the aim being to raise cooperation to the level of the aspirations of the two Heads of State, stressed Bourita.

The Minister also affirmed that the Kingdom is pleased with the privileged level of relations between the two brotherly countries, marked by permanent coordination and consultation, and continued solidity, highly praising the positive positions of support that have always been expressed by the Sultanate of Oman on the question of the Moroccan Sahara, both bilaterally and within a multilateral framework.

In this regard, he recalled the message of thanks and gratitude sent by HM the King to Sultan Haitham bin Tariq bin Taimur, for his country’s firm support for the Kingdom’s territorial integrity, expressed by the leaders of the Gulf countries at the 42nd session of the GCC Supreme Council, held in Riyadh.

The Minister also highlighted the positive development of bilateral relations in a number of areas, notably education, which is one of the sectors reflecting these distinguished relations, noting that the 2022-2023 academic year saw an increase to 156 in the number of Omani students enrolled in various specialties, while the number of graduates from Moroccan universities and institutes in recent years has reached 407, including 31 last year.

On this occasion, the Minister announced that the number of teaching seats devoted to the brotherly sultanate of Oman would be increased to 100, instead of the current 50.

Source: Agency Morocaine De Presse

Strengthening bilateral cooperation in the agricultural sector was the focus of talks held in Rome on Sunday between Minister of Agriculture, Fisheries, Rural Development, Water and Forests, Mohamed Sadiki, and his Ugandan counterpart, Rwamirama Bright.

Held on the sidelines of his participation in the 43rd session of the Conference of the Food and Agriculture Organization of the United Nations (FAO), the meeting provided an opportunity to examine ways of consolidating agricultural collaboration between the two countries at the economic, technical and scientific levels.

The Moroccan Minister highlighted the Kingdom’s agricultural potential and the various Moroccan achievements and strategies advocating sustainable transformation of food systems and optimal management of water resources, expressing his willingness to work together with Uganda on a number of issues of common interest.

For his part, the Ugandan minister said he was “interested” in the Moroccan experience in irrigation and fertilization, and expressed his desire to consolidate Moroccan-Ugandan cooperation in order to seize mutual opportunities in both countries.

The talks also addressed a number of issues of common interest, including value chains, agricultural production, training and research, the blue economy, irrigation and food systems.

Source: Agency Morocaine De Presse

Morocco and Equatorial Guinea expressed their shared commitment to enhancing bilateral cooperation in agriculture, focusing on technical and scientific collaboration, during the 43rd session of the Conference of the Food and Agriculture Organization of the United Nations (FAO) in Rome.

Minister of Agriculture, Maritime Fisheries, Rural Development, Water and Forests, Mohamed Sadiki, representing Morocco in this event, held discussions with his Equato-Guinean counterpart, José Juan, to explore avenues for strengthening agricultural cooperation between the two nations. The Moroccan Minister emphasized the readiness of his department to enhance the exchange of expertise and the sharing of best practices.

During the meeting, held in the presence of the Kingdom’s Permanent Representative to the UN in Rome, Youssef Balla, Sadiki emphasized the importance of enhanced cooperation between Morocco and Equatorial Guinea, highlighting the mutual interests of both countries and the broader African continent. He also reiterated the Kingdom’s commitment to addressing African issues, particularly in the agricultural sector.

Equatorial Guinea’s minister Juan, for his part, voiced strong support for Morocco’s initiatives in Africa and commended the level of agricultural collaboration between the two nations.

He expressed a strong desire to further strengthen this cooperation across various areas that align with the aspirations of both countries. Juan also praised the ongoing success of the International Agricultural Exhibition in Morocco (SIAM), recognizing it as a valuable platform for exchange and knowledge sharing in agricultural development.

The meeting also included discussions on several topics of shared interest at both national and regional levels, with a particular focus on value chains and irrigation.

Source: Agency Morocaine De Presse

The Casablanca Stock Exchange was trading in the red on Monday morning, with its main index, the MASI, down 0.10% at 11,567.73 points.

On Wednesday, the Masi had ended up 0.32% at 11,579.76 points.

Source: Agency Morocaine De Presse

The Casablanca Stock Exchange closed with a slight rebound on Wednesday, with the MASI all-share index gaining 0.32% to 11,579.76 points. After a session in the green, the MASI.20, an index of the 20 most liquid stocks, gained 0.36% to 942.77 points.

Source: Agency Morocaine De Presse