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Economy


Soaring High: Saudia's Ascent as a Premier Airline Brand

In the ever-competitive realm of commercial aviation, Saudia, the national airline of Saudi Arabia, has firmly established itself as one of the fastest-growing airline brands on the global stage, according to Brand Finance's annual report on the top 50 airline brands. Saudia's brand value has......

SDX Energy Secures Substantial Cash Infusion, Fueling Moroccan Ambitions

SDX Energy, a London-based energy firm, has taken a significant step towards strengthening its presence in Morocco with the receipt of a substantial cash infusion from the sale of its Egyptian assets. An initial $3.5 million from the sale of its West Gharib assets in Egypt has provided a financial boost,......

Akhannouch Outlines Economic Measures Amid Global Crises at Government's Midterm Review

During a plenary session dedicated to assessing the government's midterm performance, Head of Government Aziz Akhannouch delivered a comprehensive address to the Chamber of Advisors, outlining the economic measures undertaken to support businesses and preserve macroeconomic stability amidst global......

OLA Energy Maroc Forges Strategic Partnership with ExxonMobil for Local Blending of Mobil Lubricants

In a bold move to strengthen its position in the African lubricants market, OLA Energy Maroc, a leading energy company in Morocco and a major energy player in Africa, has entered into an innovative agreement with ExxonMobil Petroleum & Chemical BV. This strategic partnership allows OLA Energy Maroc......

CMT's Production and Sales Surge in the 1st Quarter of 2024

In the first quarter of 2024 (Q1 2024), the CMT group witnessed a remarkable surge in its production, reaching 92,350 tonnes, reflecting a 4.8% increase compared to the previous year. This impressive growth underscores the company's resilience and strategic positioning within the industry. While......

Moroccan Purchasing Power Challenged: A Multifaceted Analysis by HCP

In a comprehensive study, the High Commission for Planning (HCP) in Morocco has shed light on the intricate dynamics of purchasing power among Moroccan households. Leveraging an innovative web-based index that tracks online purchasing intentions, coupled with conventional data, the report offers a nuanced......

Spain's Stance on Banking Consolidation: Government Rejects BBVA's Hostile Bid for Banco Sabadell

In a move that has sent shockwaves through Spain's financial sector, the government has firmly rejected the hostile takeover bid launched by BBVA for its rival Banco Sabadell. The decision, announced by Economy Minister Carlos Cuerpo, cited the potentially detrimental effects that such a merger could......

The Line: Saudi Arabia's $2 Trillion Futuristic City Faces Financial Abyss

An article by the Wall Street Journal has revealed the staggering costs engulfing Saudi Arabia's ambitious NEOM project, the brainchild of Crown Prince Mohammed bin Salman. With an estimated total cost exceeding $2 trillion, the futuristic city known as "The Line" faces an uncertain future......

Moroccan Ports Steer Towards Sustainable Horizons with Tailored Waste Management Plans

In a proactive stride towards environmental stewardship and sustainable development, Morocco's National Ports Agency (ANP) is poised to embark on an ambitious endeavor—the formulation of comprehensive waste management plans tailored to the nation's commercial ports. This groundbreaking......

Forging Digital Frontiers: Ghita Mezzour Explores Synergies with Mubadala Investment Fund

In a strategic move to propel Morocco's digital transformation and foster an environment conducive to innovation, Ghita Mezzour, the Minister Delegate in charge of Digital Transition and Administrative Reform, held a pivotal working meeting in San Francisco, the epicenter of technological advancement......

Alarming Rise in Moroccan Youth Disengagement: ESEC Unveils Staggering Figures

A sobering report presented by the Economic, Social, and Environmental Council (ESEC) reveals that approximately 1.5 million Moroccan youth are adrift, outside the realms of education, training, and employment. This alarming finding highlights a pressing issue of youth disengagement that poses a significant......

Argan Gold: Morocco's Liquid Treasure Empowering Rural Women

In the sun-drenched landscapes of Morocco, the humble argan tree stands as a mighty symbol of resilience and socio-economic empowerment. As the world observes International Day of Argania on May 10, this ancient wonder takes center stage. Its golden elixir, argan oil, is transforming lives and entire......

Architects Speak Out Against Casablanca's Bureaucratic Obstacles, Thwarting Investment

Architects in Casablanca are forcefully speaking out against the pervasive bureaucratic hurdles that impede their profession, particularly concerning the municipality's handling of construction permits and occupancy certificates. The Architects' Order has condemned the obstacles encountered in......