Economy
The signing of this agreement highlights the commitment of Morocco and Libya, under the enlightened leadership of His Majesty King Mohammed VI and the President of the Libyan Presidential Council, Mr. Mohamed Al-Menfi, to enhance their sectoral cooperation. Their aim is to create mutually beneficial......
Shein, the online fast-fashion retailer, is preparing to lower its valuation to around $50 billion for a potential London IPO, sources familiar with the matter have revealed. This marks a nearly 25% decrease from the company's 2023 fundraising value as it faces increasing challenges in the market. The......
In a tense session at the French National Assembly, Renault CEO Luca de Meo defended his 5.5 million euro compensation package while addressing concerns about the future of the company's former subsidiary, Fonderie de Bretagne. The hearing highlighted the stark contrast between executive pay and......
A significant cross-border investment has emerged in North Africa's startup ecosystem as Egyptian-based Beltone Venture Capital invests in Moroccan eyewear company LNKO. The investment, while undisclosed, will fuel LNKO's expansion across Africa. LNKO, established in 2020 by Maha Bennani, has......
In Southampton, England, Deb Taylor, a 63-year-old cleaner, left a discount fashion store empty-handed, lamenting that even low-cost items are no longer affordable. Antonia Alden, a stay-at-home mother, also expressed frustration during a rare shopping trip, revealing that she no longer visits stores......
Swedish retailer H&M is strengthening its manufacturing presence in Morocco as part of a strategic response to potential US trade restrictions, according to the company's finance chief. This move represents a significant shift toward regional supply chains, with Morocco positioned as a key production......
Three Moroccan companies have received prestigious recognition at the 60th Arab High Committee for Standardization meeting in Rabat, highlighting Morocco's growing influence in regional manufacturing excellence. Sogea Maroc, SMCV, and Super Cerame were awarded the Arab Quality Award for their contributions......
The European Central Bank (ECB) may further lower interest rates as inflation continues to moderate, according to board member Piero Cipollone. He also warned that escalating trade tensions between the United States and China could negatively affect the 20-member eurozone economy. Since June, the ECB......
Morocco's prominent fertilizer producer OCP has successfully completed a $300 million bond issuance, furthering its expansion plans and financial strategy. The issuance follows the authorization granted by the company's Board of Directors in December of the previous year and complies with European......
Global gold demand is set to reach unprecedented levels in 2024, driven by a mix of economic uncertainties, increasing geopolitical tensions, and a surge in gold purchases by central banks. According to the World Gold Council’s annual report, total gold demand is expected to hit 4,974 tons in 2024,......
Aya Gold & Silver Inc. has significantly expanded its Boumadine exploration project in Morocco, acquiring four new mining licenses that increase its operational area by 28.3% to 271.5 square kilometers. The company's strategic expansion, announced on February 5, 2025, marks a substantial development......
In a significant development for Morocco's automotive sector, top Japanese automotive companies embarked on a business mission to Rabat, marking an important step in strengthening economic ties between the two nations. The mission, organized by the Japan External Trade Organization in Rabat (JETRO......
Morocco and Mauritania have taken a significant step forward in their bilateral cooperation by signing a groundbreaking electrical interconnection agreement in Nouakchott. The accord, signed by Morocco's National Office for Electricity and Drinking Water (ONEE) Director General Tarik Hamane and Mauritanian......
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