Economy
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, 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,......
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......
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......
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......
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......
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......
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......
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......
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......
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......
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 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......
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