Japanese tech conglomerate SoftBank has reported a net profit of $7.8 billion (1.15 trillion yen) for the fiscal year ending March 2025, marking a strong turnaround from a net loss of 227 billion yen in the previous year. This marks SoftBank’s first full-year profit since the 2020–2021 fiscal......

Nezha Hayat has officially taken over from Mohamed Benchaaboun as the director general of the Mohammed VI Investment Fund, as announced in a statement from the royal palace. This appointment was made during a ministerial council chaired by His Majesty King Mohammed VI. The primary mission of the investment......

Energean, a leading company in natural gas exploration and production across the Eastern Mediterranean, has officially entered the Moroccan market by securing two offshore exploration licenses in the Lixus and Rissana regions. This strategic move marks a northward shift in Energean’s operations......

Tangier Med Engineering, the engineering division of the Tangier Med Group, has established a strategic partnership with the Liberian government to improve the nation’s port infrastructure, marking a significant step in the expansion of Moroccan expertise across Africa. This collaboration is part......

A secluded estate in the hills of Upper Coomera on the Gold Coast is generating significant interest due to its history of attracting high-profile residents. Situated on Jenkins Court, the property has reportedly hosted notable figures, including Russell Crowe, during the filming of Land of Bad. According......

Lesieur Cristal, a key player in Morocco’s agribusiness sector, has made two senior leadership changes as part of its efforts to reinforce corporate governance and drive sustainable growth. Yasmine Tabet-Derraz has been appointed Secretary General, replacing Sophie Gavard-Benjelloun. She......

Hunt Oil Company, a prominent American oil and gas operator, has officially launched its Moroccan subsidiary, Hunt Oil Company Morocco, marking the company's entry into the Kingdom’s energy sector. This move is aimed at exploring and potentially exploiting hydrocarbon resources, pending approval......

Morocco is set to advance its defense capabilities significantly through a strategic partnership with the United States that will allow the North African country to produce F-16 fighter jet components. According to a document published in the US Federal Register on April 29, Morocco has officially joined......

A new chapter unfolds for Fairmont La Marina Rabat-Salé with the arrival of Swiss hospitality veteran Yves Mudry as general manager. Inaugurated in 2022 on the banks of the Bouregreg River, this luxury establishment welcomes the seasoned professional who brings over two decades of international......

A Finnish diplomatic team, led by Minister of Foreign Trade and Development, Ville Tavio, visited the Tangier Med Port, a growing global logistics hub, two days ago. The delegation was joined by Finland’s Ambassador to Morocco, marjaana Sall, who met with port officials to explore the port’s......

Volkswagen's net profit for the first quarter of the year decreased by 40.6 percent, dropping to €2.19 billion ($2.49 billion). Despite this, the company saw a 3 percent increase in revenue, which reached €77.56 billion. The 10-brand conglomerate, which includes Audi, Skoda, and Porsche,......

AstraZeneca is relocating part of its manufacturing operations to the United States in response to the potential imposition of tariffs on pharmaceutical imports. Chief Executive Pascal Soriot reaffirmed the company’s strong commitment to expanding in the U.S., noting a 30% increase in first-quarter......

Young Palestinian entrepreneurs benefiting from the Bayt Mal Al-Qods Acharif project incubation program for innovation and creativity expressed their deep gratitude for the unwavering support of His Majesty King Mohammed VI, President of the Al-Qods Committee, towards the Palestinian people. These young......