Economy
Starbucks Corporation finds itself navigating turbulent waters this holiday season. The global coffee giant has witnessed a nearly 9% drop in its stock price over the past three weeks, resulting in a substantial $10.8 billion loss in market valuation. The descent began on November 16th, marking the......
Mohammedia, December 6th, 2023 - SNEP, Morocco's premier PVC producer and a leading electrolysis company, celebrated a pivotal moment in its history with the official inauguration of an extension to its production units. This milestone event, coinciding with SNEP’s 50th anniversary, not only......
In the bustling city of Istanbul, the Director-General of Commerce at the Ministry of Industry and Commerce, Abdelouahed Rahal, showcased Morocco's strides in promoting the e-commerce sector. Addressing the 39th session of the Permanent Committee for Economic and Commercial Cooperation among the......
Morocco Achieves a Water Milestone with EBRD's Support The Guelmim-Oued Noun region in Morocco is poised for a significant transformation as the European Bank for Reconstruction and Development (EBRD) injects MAD 130 million (€12 million) into crucial upgrades for its drinking water supply......
The Moroccan government is making a bold play in the realm of short-term investments to invigorate economic growth. In a recent move, the nation's Treasury and External Finance Department injected a substantial sum of 1.9 billion Moroccan dirhams (equivalent to almost $195 million) into overnight......
For years, Morocco's major oil companies have orchestrated an intricate price-fixing scheme, siphoning billions from unsuspecting consumers while regulatory bodies turned a blind eye. However, this elaborate web may finally be unraveling. The Competition Council of this North African nation has......
Casablanca, Morocco - A groundbreaking partnership is set to propel energy efficiency initiatives throughout Morocco and Africa. Attijariwafa Bank, a prominent Moroccan bank, officially inked a Memorandum of Understanding (MoU) on Tuesday with Schneider Electric, a French energy management giant, at......
Euromonitor International, a global authority in in-depth market analysis, has just unveiled its annual report highlighting the major global consumption trends for the year 2024. This edition underscores the significant influence of artificial intelligence, sustainability, as well as social, economic,......
Morocco's Treasury capitalizes on a favorable budget surplus this year, signaling a positive turn in the nation's economic landscape. On Tuesday, the Treasury and External Finance Department (DTFE) under the Ministry of Economy and Finance unveiled plans for a strategic investment, injecting......
In a joint effort, Safran Group, a prominent French manufacturer of aeronautical components, and the Moroccan government have officially inked an agreement in Rabat. The primary goal of this collaboration is to bolster the aerospace ecosystem in Morocco, concurrently advancing technological progress......
The Moroccan Competition Council has issued a stern warning to the behemoths of the oil industry, emphasizing the consequences of failing to honor their commitments. Council President Ahmed Rahhou, in a recent interview, shed light on the persistent scrutiny of the country's diesel and gasoline markets,......
The Alshaya Group has unequivocally refuted recent reports suggesting a potential withdrawal from Morocco. Responding in writing, the organization dismissed rumors surrounding the possible closure of Starbucks coffee shops and H&M ready-to-wear outlets. The group's spokesperson emphasized an......
The group of architects led by Tarik Bouhmala and Abdelkrim Bouyacoub has been chosen to undertake the expansion of Tangier airport, a project commissioned by the National Airports Office (ONDA). This project encompasses the construction of a new passenger terminal and control tower at Tangier Ibn Batouta......
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