Economy
In a remarkable testament to the nation's economic prowess, the United States has outpaced the rest of the world in minting new millionaires during the year 2023, according to reports from American media outlets citing a study by the digital services group Capgemini. The country welcomed a staggering......
In a significant move aimed at bolstering sustainable industrial development worldwide, the United Nations Industrial Development Organization (UNIDO) and the Policy Center for the New South (PCNS) have forged a strategic partnership. This collaboration, formalized on June 6th at the PCNS headquarters......
In a recent report, Morocco emerges as a prime contender for dominance in the burgeoning green maritime fuel industry, poised to capitalize on Europe's transition to sustainable shipping practices. The report, jointly published by the Transport and Environment Organization and the Imal Initiative......
In an unprecedented move, Elon Musk's colossal compensation package, valued at a staggering $56 billion, has become a subject of intense scrutiny. The saga, which began in 2018 when Tesla's board approved the lucrative deal, took a dramatic turn when a U.S. court annulled the compensation plan......
In a testament to the Kingdom's thriving entrepreneurial ecosystem, the Moroccan Office for Industrial and Commercial Property (OMPIC) has unveiled remarkable statistics showcasing the nation's vibrant business landscape. According to OMPIC's comprehensive dashboard report on enterprise creation,......
In a move that could potentially reshape the financial landscape across the African continent, Russia has expressed keen interest in establishing representative offices of Russian banks in various African nations. This revelation came directly from Maria Zakharova, the spokesperson for the Russian Ministry......
Amid tightening Western sanctions in response to Russia's military actions in Ukraine, the country has sought alternative pathways to sustain its economic activities, particularly in oil exports and technology imports. In this challenging environment, an unexpected ally has emerged in the form of......
In the early months of 2024, Morocco has solidified its position as a formidable force in the global fruit and vegetable trade, experiencing a significant surge in exports to the German market. According to a report from EastFruit, the North African nation's direct shipments of fresh and frozen produce......
As Morocco eagerly anticipates the joyous occasion of Eid Al-Adha, the nation's agricultural sector has meticulously prepared an abundant supply of livestock to meet the festive demand. In a comprehensive address to the Chamber of Counselors, Mohamed Sadiki, the Minister of Agriculture, Maritime......
Airbus, the aerospace behemoth, is embarking on a bold venture to bolster its manufacturing capabilities by tapping into Morocco's burgeoning aerospace sector. This strategic pivot signals Morocco's ascent as a formidable contender in the global aerospace arena. During a visit to the Airbus......
In a strategic move poised to redefine the digital landscape of Morocco, Liquid Intelligent Technologies, a pan-African technology powerhouse, has announced a groundbreaking partnership with Medi Telecom, a prominent subsidiary of the internationally renowned Orange Group. This synergistic alliance promises......
Morocco's ambitions in the petroleum sector continue to soar as the nation strengthens its domestic oil transport capabilities with the addition of a new South Korean-built tanker. Set for assembly at the Casablanca shipyard, this vessel marks a significant stride in Morocco's strategic vision......
In the vibrant city of Marrakech, visionary leaders, industry giants, and technology enthusiasts converged for the highly anticipated Africa IP GALA 2024 Summit, hosted by esteemed Huawei. This prestigious event served as a catalyst for innovation, fostering an environment where ideas were exchanged,......
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