Economy
Saudi Arabia’s nearly $1 trillion sovereign wealth fund, the Public Investment Fund (PIF), announced that artificial intelligence and automation now underpin “every layer” of its operations. This integration is not only reshaping the fund’s investment strategies but also reflecting......
In just two decades, the financial dynamics of sub-Saharan Africa have undergone a seismic shift. European banks, once dominant in the region, are retreating, leaving room for African institutions—led by Moroccan banks—to expand their influence and reshape the landscape of African banking. European......
The Moroccan National Airports Authority (ONDA) has introduced a groundbreaking change by integrating two specialized programs from the Mohammed VI International Academy of Civil Aviation directly into the National Common Entrance Exam (CNC). The programs—Air Navigation Control (CNA) and Electronics......
The U.S. government’s trade strategy with China has taken an unexpected turn as President Donald Trump announced a revenue-sharing deal with Nvidia and AMD, allowing limited sales of artificial intelligence (AI) chips to China. Under the agreement, the companies will pay 15% of their proceeds from......
The United States and China have agreed to extend their tariff truce for an additional 90 days, preventing a sharp rise in duties that risked further straining trade relations between the two economic superpowers. US President Donald Trump announced the decision on Monday, revealing an executive order......
More million-euro properties than low-cost rentals Spain’s housing market is marked by a glaring imbalance, with more luxury homes priced over €1 million than rental properties available for under €1,000. According to data from the property portal Idealista, there are currently 43,707......
Société Générale’s latest divestment in Africa A consortium of investors, including Enko Capital and Oronte, has finalized the acquisition of Société Générale’s Mauritanian retail banking subsidiary. Announced on Monday, this move marks......
Morocco has achieved a significant milestone in the global blueberry market, climbing from seventh to fourth place in export rankings within a single year, according to Agraria Pe. This rapid ascent reflects the country’s strategic efforts to position itself as a key player in the industry. In......
The net assets of Undertakings for Collective Investment in Transferable Securities (UCITS) in Morocco stood at 789.77 billion dirhams (MAD) as of August 1, 2025, reflecting a weekly decline of 0.80%, according to the Moroccan Capital Markets Authority (AMMC). By category, medium- and long-term bond......
Morocco’s industrial sector maintained a stable business environment in the second quarter of 2025, with most companies reporting normal operating conditions, according to the latest survey by Bank Al Maghrib (BAM). The findings show steady performance across key industries, despite sector-specific......
Morocco’s ambitious Forsa entrepreneurship program, launched in 2022 with a budget exceeding MAD 1.25 billion ($138.28 million), has come under fire for significant implementation issues, raising doubts about its effectiveness in supporting young entrepreneurs. Intended to provide interest-free......
Morocco’s watermelon exports to France have seen a dramatic rise, increasing by 155% over the past decade, according to new data compiled by COMTRADE and shared by Hortoinfo. In 2015, Morocco exported 23.96 million kilograms of watermelons to France, a figure that soared to 61.13 million kilograms......
The volume of outstanding bank credit in Morocco reached 1,175.5 billion dirhams by the end of June 2025, reflecting an annual growth of 5.8%, according to the latest figures released by Bank Al-Maghrib (BAM). This increase includes a 4.4% rise in loans granted to non-financial agents and a significant......
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