Economy
Electrical Components International (ECI) Morocco celebrated two significant milestones on Friday: the expansion of its industrial unit within the Tanger Med Industrial Platform and a decade of operations in the North African nation. The event brought together esteemed figures from the industrial sector,......
In a recent workshop focusing on the medical use of cannabis, experts revealed that Morocco's newly legalized cannabis production industry could contribute a staggering annual revenue ranging from $421.8 million to $632.7 million by the year 2028. This projection, shared by Mohamed El Bouhmadi, the......
The 2nd Business Forum organized by the Moroccan Business Association (IME) in Casablanca shed light on the development opportunities and job creation prospects presented by the 2030 FIFA World Cup. Discussions centered around strengthening economic partnerships between Morocco, Spain, and Portugal,......
In a pivotal move for Wafabail, the renowned financial institution, the Supervisory Board has unanimously appointed Mr. Karim Idrissi Kaitouni as the new President of the Executive Board. The decision was made during a meeting held on May 13, 2024, at Wafabail's headquarters in Casablanca, marking......
In a strategic move to adapt to the evolving market landscape, the renowned e-commerce titan Amazon has unveiled plans to trim its corporate and technology workforce globally. This restructuring initiative, which is set to impact approximately 10,000 positions, represents a pivotal adjustment in the......
As Tunisia struggle with a deepening economic and financial crisis, the government has intensified its reliance on domestic borrowing to generate additional resources and fund the state budget outlined in the 2024 Finance Law. In a move that underscores the country's fiscal challenges, the Tunisian......
In a resounding affirmation of Morocco's unwavering dedication to fostering Africa's development, the private sector has taken center stage, reinforcing its crucial role in the co-development and progress of the continent. This commitment was articulated by Chakib Alj, President of the General......
In a welcome development for consumers and transportation professionals grappling with escalating fuel costs, Morocco is set to witness its second consecutive reduction in fuel prices this month. The impending decrease, scheduled to take effect on Friday, May 17, 2024, will bring much-needed relief to......
To safeguard domestic industry interests, the Ministry of Industry and Commerce has announced the imposition of provisional anti-dumping duties on Turkish electric ovens. This decision follows an investigation initiated in August 2023, which concluded the existence of dumping practices detrimental to......
During the International Forum of Chemistry held in Rabat, renowned Moroccan scientist and engineer Rachid Yazami highlighted Morocco's remarkable potential in the lithium battery industry. His insights paint a compelling picture of a nation poised to become a prominent player in the production and......
In the latest wealth rankings by the esteemed American finance publication Forbes, two prominent Moroccan business magnates have solidified their positions among the richest individuals in the Middle East. Aziz Akhannouch, the current head of government in Morocco, and Othman Benjelloun, the venerable......
In a bold move to revitalize Argentina's economy, President Javier Milei has expressed unwavering optimism, promising the imminent lifting of currency restrictions that have long shackled the nation's financial landscape. Milei's ambitious plans, underpinned by stringent austerity measures......
In a significant stride toward bolstering Morocco's automotive industry, agreements have been signed for the establishment of two major industrial projects at the Mohammed VI Tangier Tech City. These projects are operated by global leaders in the automotive battery industry: the HAILIANG Group and......
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