In an exclusive report by Reuters, coffee giant Starbucks is currently in discussions to transfer a portion of its franchise rights in the Middle East, North Africa, and Central Asia to US investment firm Apollo Global Management. Presently, the Kuwaiti conglomerate Alshaya oversees nearly 2,000 Starbucks......
Bitcoin has surged past the $45,000 mark for the first time since January 12th, buoyed by renewed confidence in the cryptocurrency market. This recent rally comes amidst a growing lack of trust in regional American banks following last year's banking crisis. Investors disillusioned with traditional......
Morocco has asserted its prominence among the world's foremost fruit producers this month at the 31st Fruit Logistica Fair in Berlin, held from February 7-9. The country's delegation, representing over 20 years of participation in this premier international event, highlighted Morocco's agricultural......
This significant initiative aligns with the Moroccan government’s new economic model and industrial acceleration strategy aimed at positioning Morocco as a leader in sustainable development. MEDZ, the wholly-owned regional development subsidiary of Morocco’s CDG Group, is set to receive €115......
Earlier this week, IT security expert Amin Raghib sparked panic across social media by alleging that numerous Moroccan women had their Snapchat accounts hacked. Raghib claimed hackers targeted women's smartphones and distributed their private, "indecent" photos and videos online. However,......
The Moroccan government has recently sanctioned the expansion of the Kenitra export processing zone in response to burgeoning investor interest in the region. In an announcement made on Thursday, following a meeting presided over by Prime Minister Aziz Akhannouch, the government disclosed plans to augment......
Canadian mining powerhouse, Aya Gold & Silver, stands on the brink of securing a substantial infusion of capital to drive its Moroccan operations to new heights. On Tuesday, the company unveiled a pivotal agreement with multiple partners for the acquisition of 6.6 million common shares at $10.25......
In the realm of Moroccan customs, 2023 marked a year of modest progress, with recent data revealing a slight uptick in overall revenues amidst fluctuating streams of income. Despite facing some ups and downs, the total net customs revenues for 2023 reached 84.49 billion dirhams ($8.3 billion), showcasing......
Predator Oil & Gas has solidified its partnership with Star Valley Rig 101 to delve deeper into Morocco's gas-rich reservoirs. The Jersey-based exploration company has prolonged its contract with the rig, now slated to continue operations until May 2024, to execute its fifth well in the Guercif......
In a crescendo of rapid user growth, Spotify, the music streaming, has surged past the 600 million monthly listeners mark in the fourth quarter of 2023. This milestone heralds a significant moment for the Swedish audio powerhouse, as it forecasts its inaugural profitable quarter in early 2024, signaling......
RABAT - In a recent press briefing, UN Deputy Secretary-General Amina J. Mohammed lauded Morocco for its exceptional commitment to environmental sustainability and clean energy, positioning the nation as a beacon for other developing countries in the fight against climate change. During her address......
The Office National des Chemins de Fer (ONCF) swiftly addressed today's misleading reports suggesting a Chinese company was set to secure the contract for constructing the new high-speed rail line connecting Marrakech to Agadir. In a decisive press statement, the national railway operator clarified......
During a ministerial conference in Rabat, Morocco's Foreign Minister, Nasser Bourita, fervently championed the cause of middle-income countries (MICs), labeling them as an often disregarded "engine of the global economy." Bourita highlighted a significant discrepancy: while MICs account......
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