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Economy


Morocco's Foreign Investment Surge: A Promising Economic Turnaround

Morocco's economy has witnessed a remarkable surge in foreign investment, with a significant 46.8% increase recorded in 2024. This impressive growth has positioned the country as an attractive destination for international investors, solidifying its status as a key player in the global investment......

SDX Energy: Unveiling Morocco's Untapped Energy Potential

In a significant development for the energy sector, SDX Energy has announced its plans to embark on an ambitious exploration journey in Morocco. The company, known for its expertise in the field, is set to unlock the country's hidden energy reserves, offering a glimpse into a promising future for......

Viral Algerian Hazelnut Spread Faces EU Ban: A Tale of Popularity and Food Safety

In a surprising turn of events, a chocolate hazelnut spread from Algeria that recently took social media by storm has been barred from European Union markets due to food safety concerns. The product, known as 'El Mordjene' and produced by the Algerian brand Cebon, had become a sensation, particularly......

Egypt's Soaring Interest Rates: A Double-Edged Sword for Economic Growth

Egypt currently holds the distinction of having the highest interest rates among all Arab nations, with a staggering 27.25% set by its central bank. This monetary policy decision reflects Egypt's aggressive strategy to attract foreign investment in treasury bonds and bills, particularly in response......

Morocco's Inflation Battle: Consumer Price Index Jumps, Sparking Economic Concerns

Morocco's economic landscape is facing a critical juncture as the country grapples with mounting inflationary pressures. The latest data reveals a significant surge in the Consumer Price Index (CPI), raising alarms about the potential impact on the nation's economic stability. According to official......

China and Japan: A New Chapter in Seafood Trade After Fukushima Dispute

China has announced its intention to "gradually resume" seafood imports from Japan, marking a resolution to a dispute that has spanned over a year. The conflict centered around the release of treated radioactive water from the Fukushima nuclear plant, which sparked concerns and a subsequent......

Ukraine's Power Grid Revival: EU's $39 Billion Loan to Rebuild Critical Infrastructure

In a significant move, the European Union has committed to providing Ukraine with a substantial loan of up to $39 billion to rebuild its power grid, which has been severely damaged by relentless Russian attacks. This financial support is part of a broader initiative by the Group of Seven (G7) nations......

Air Arabia's Direct Flight: Bridging Morocco and Spain with a New Route

In an exciting development for air travel enthusiasts and those with a penchant for exploring the vibrant cultures of Morocco and Spain, Air Arabia has unveiled a new direct flight connecting Casablanca and Madrid. This strategic move by the airline promises to revolutionize travel between these two......

OCP Group's Strategic Move: A Win-Win Scenario for Morocco's Phosphate Industry

In a significant development for Morocco's phosphate industry, the OCP Group has expressed its satisfaction with the recent decision by the US-based company Mosaic to withdraw its request for a review of import duties on Moroccan phosphate rock. This move, welcomed by OCP, has the potential to reshape......

Moroccan Fertilizer Industry: A Strategic Move Unveils New Horizons

In a significant development, the Moroccan fertilizer industry has received a boost, courtesy of a strategic decision by a prominent US company. This move has not only strengthened the industry's position but also opened up new avenues for growth and collaboration. The US-based firm, known for its......

Royal Air Maroc and Defense Administration Forge Strategic Alliance to Elevate Services for FAR Members

In a significant development, Royal Air Maroc (RAM) and the Moroccan Defense Administration have joined forces to enhance travel experiences for members of the Armed Forces (FAR). This strategic partnership aims to revolutionize air travel services, offering a seamless and exclusive journey for those......

Morocco's Strategic Energy Move: Diversifying Sources with Russian Gas Imports

Morocco continues to strengthen its energy security by importing Russian natural gas, showcasing a strategic approach to its energy needs. Despite global geopolitical tensions and sanctions against Russia, the kingdom has maintained a steady supply of liquefied natural gas (LNG) from the country for......

Morocco's Petroleum Sector: A Transformative Marking System to Boost Transparency and Efficiency

Morocco's petroleum sector is on the cusp of a significant transformation, with the introduction of a new marking system set to revolutionize the industry's operations and governance. This ambitious initiative, slated for implementation in 2025, aims to enhance transparency, streamline processes,......