Business
Morocco Achieves Major Milestone with Vice-Presidency of GFIA Morocco has achieved a landmark in the global insurance sector, with Bachir Baddou’s election as Vice President of the Global Federation of Insurance Associations (GFIA). The election, held during the GFIA General Assembly in Cape Town......
Italian manufacturer Ecoprogetti has significantly expanded its photovoltaic (PV) production capabilities, doubling the capacity of its production line in Al Hoceima, Morocco, from 500 MW to 1 GW. This move establishes the facility as the largest solar module plant in both Morocco and North Africa, as......
The CEO of Japan's largest investment bank, Nomura, has taken a significant step to address the fallout from a serious incident involving a former employee. Kentaro Okuda, who has been at the helm of Nomura since 2020, announced a voluntary 30% reduction in his salary over the next three months.......
In a landmark shift, Spanish delivery platform Glovo has announced plans to hire its delivery workers directly, moving away from its previous model of using self-employed riders. This significant decision, revealed on Monday, will impact Glovo’s operations across over 900 cities in Spain and apply......
Akdital has achieved remarkable growth, reporting revenues of 2 billion dirhams by the end of September 2024, reflecting a 52% increase in turnover. This achievement is primarily attributed to the group's strategic expansion of its national network. A key milestone in this expansion was the opening......
In an effort to address rising competition and attract cost-conscious diners, McDonald’s is set to expand its U.S. value menu early next year. This move aims to appeal to customers affected by inflation and shifting dining habits. Starting January 7, McDonald’s will introduce a new......
The recent collaboration between two major airlines marks a significant milestone in global aviation, creating new opportunities for passengers traveling between Africa and South America. This partnership establishes a code-sharing agreement that enhances connectivity, simplifies travel, and opens doors......
Delta Air Lines CEO, Ed Bastian, recently expressed optimism about the regulatory approach of the incoming administration, describing it as a potential "breath of fresh air" for the airline industry. Speaking to reporters ahead of Delta's annual investor event, Bastian highlighted the promises......
Martínez Otero, a renowned Spanish furniture company, is set to launch a new production facility in the province of Benslimane, Morocco. This expansion represents a significant investment, totaling €2.2 million. The move highlights the growing interest in Morocco's booming construction......
Canada Post employees are set to be in a legal strike position on Friday, marking one year since contract negotiations began with the Canadian Union of Postal Workers (CUPW). Early Tuesday, CUPW’s executive board issued a 72-hour strike notice covering both urban and rural mail carriers. According......
The U.S. International Development Finance Corporation (DFC) is set to establish a new office in Rabat, Morocco, in December 2024, marking a significant step in enhancing economic collaboration between the United States and Morocco. This initiative aligns with a broader strategy announced during a tripartite......
African transport and logistics sectors marked a significant milestone as LOGITERR 2024 launched in Tangier, Morocco, bringing together key stakeholders to address the continent's evolving mobility needs. The four-day international exhibition, running from October 22-25, represents a collaborative......
U.S. investment powerhouse Lowercarbon Capital is making significant inroads into France's cleantech landscape, with its latest investment spotlighting the fund's growing interest in European green innovation. The Wyoming-based firm, founded in 2018 by Chris and Crystal Sacca, has just added......
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