Economy
Egypt has implemented a significant increase in electricity prices for households, with rates soaring up to 50%, according to government sources. This move is part of a broader strategy to phase out subsidies, aligning with an agreement with the International Monetary Fund (IMF). The electricity ministry......
Chariot Limited, a prominent energy firm focused on Africa, has embarked on a significant drilling operation at its Anchois gas project situated off the Moroccan coast. The arrival of the Stena Forth drillship marks the commencement of this high-stakes venture. The operation at the Anchois-3 well is......
In a remarkable surge, Morocco’s National Agency for Regulation of Cannabis-Related Activities (ANRAC) has significantly increased the issuance of cannabis licenses in 2024. This development comes amidst a transformative regulatory landscape, marking a pivotal moment for the country's cannabis......
In a remarkable development, trade between Morocco and Israel has skyrocketed in 2024, reaching unprecedented levels despite the ongoing conflict in Gaza. This economic boom, facilitated by the 2020 Abraham Accords, has sparked critical debates about the implications of deepening economic ties amidst......
In a troubling development highlighting the economic challenges facing the world's second-largest economy, China's youth unemployment rate has surged to an unprecedented 17.1% in July, according to the latest data from the National Bureau of Statistics. This figure represents the highest level......
Morocco's Banking Sector Faces Heightened Liquidity Needs In a recent report by Morocco's central bank, Bank Al-Maghrib (BAM), July saw a notable rise in liquidity demand within the country's banking sector. The average weekly requirement soared to MAD 125.3 billion, surpassing June's......
In a historic shift, Ethiopia has ended its half-century-long control over the birr, its national currency. Driven by unmanageable debts and dwindling foreign reserves, this decision marks a significant turning point for the Horn of Africa nation. In July 2023, Ethiopia liberalized its exchange rate......
The 2024 U.S. presidential race has taken an unexpected turn, dramatically shifting the political landscape. Donald Trump, the Republican frontrunner, finds himself grappling with a changing narrative, while Kamala Harris, newly thrust into the spotlight as the Democratic candidate, brings a fresh dynamic......
As Kamala Harris gains momentum in the United States presidential race, surpassing Republican opponent Donald Trump in polls across five crucial swing states, economic experts are raising concerns about the potential hurdles she may encounter in implementing her fiscal agenda. The year 2025 looms as......
In a decisive move to enhance economic collaboration, the Brazilian Senate has sanctioned a legislative decree to facilitate investments with Morocco. This agreement, originally signed on June 13, 2019, during the visit of Morocco's Foreign Minister Nasser Bourita to Brasília, outlines a comprehensive......
China's BTR Group has unveiled plans to construct a lithium-ion battery plant in Tangier Technology City, Morocco. This ambitious project, valued at $366 million, is slated for completion in approximately two years and marks a pivotal move in BTR's global expansion strategy. The facility aims......
A recent report by international law firm Giambrone & Partners highlights Morocco as an attractive destination for foreign investors due to its political stability, strategic location, and business-friendly policies. Key Sectors for Investment 1. Renewable Energy - Significant investments......
China Baoan and its subsidiary Betrui have unveiled a substantial $370 million investment in Tanger Science and Technology City, aimed at producing 60,000 tons of anode material annually. This development strengthens Morocco's foothold in the global lithium battery market. Building on Betrui’s......
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