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Economy


Apple's Bitter Harvest: EU Court Upholds €13 Billion Tax Bill in Landmark Ruling

The European Union's General Court has dealt a significant blow to Apple's financial fortunes, dismissing the tech giant's appeal against a €13 billion tax bill. This ruling upholds the European Commission's 2016 decision, which found that Ireland had granted illegal tax benefits......

Bolstering Morocco-UK Ties in the Wake of Brexit

A new report from the Institute for International Strategic Studies (IMIS) outlines 10 key steps to boost the partnership between Morocco and the United Kingdom following Brexit. These suggestions aim to build on the countries' strong existing relationship and find new ways to work together. The......

Sunrise Group's $422 Million Investment: A New Dawn for Morocco's Textile Industry

The Chinese textile powerhouse, Sunrise Group, has announced a significant investment of 4.1 billion dirhams (approximately $422.2 million) in Morocco, a move poised to invigorate the nation’s textile sector. This ambitious project was discussed during a meeting between Morocco's Head of Government,......

Morocco Emerges as Top Watermelon Supplier to Spain and France in 2023

In a significant milestone for Morocco's agricultural sector, the country has solidified its position as the leading supplier of watermelons to both Spain and France in 2023. This achievement underscores Morocco's growing influence in the global market for fresh produce. According to recent......

Coca-Cola and PepsiCo Face Declining Popularity Amid Boycotts in Muslim Countries

In a significant shift in consumer behavior, Coca-Cola and PepsiCo are experiencing a notable decline in sales across Muslim-majority countries, largely attributed to ongoing boycotts linked to the Israel-Gaza conflict. The backlash against these iconic American brands has opened doors for local soda......

China Unveils $50 Billion Plan to Boost Africa's Development at FOCAC 2024

The 2024 Forum on China-Africa Cooperation (FOCAC) in Beijing marked a significant milestone in Sino-African relations as China announced a bold $50.69 billion investment plan for Africa over the next three years. This ambitious initiative aims to accelerate the continent's modernization efforts......

Morocco's Coal Imports Surge: A Shift in African Energy Dynamics

In a significant development for African energy markets, Morocco has emerged as the continent's leading importer of U.S. thermal coal during the first half of 2024. The North African nation's purchases have skyrocketed to 2.8 million tonnes, marking a remarkable 100% increase from the previous......

Morocco Champions Enhanced China-Africa Partnership for Continental Progress

Morocco is taking a leading role in advocating for stronger collaboration between China and Africa, viewing this partnership as a cornerstone for the continent's future development. This stance was prominently displayed at the recent Forum on China-Africa Cooperation (FOCAC) summit, where Morocco's......

Royal Air Maroc Faces Flight Disruptions Amid Paris-Orly Airport Technical Glitch

Morocco's national carrier, Royal Air Maroc (RAM), announced that eight of its flights were affected by a technical issue at Paris-Orly airport on September 5, 2024. The airline took to social media to inform passengers that the problem was beyond their control. "Several Royal Air Maroc flights......

Morocco's Economic Ascent: Navigating Reforms for Future Growth

Morocco is charting a promising path toward growth and stability, propelled by strategic reforms and key sectors such as automotive and tourism, according to a recent report by Geopolitical Intelligence Services (GIS). These efforts, alongside hosting the 2030 World Cup, are set to enhance Morocco's......

Moroccan Appetite for Delivery Apps Soars: Glovo Reports 40% Summer Surge

The summer of 2024 saw a significant shift in consumer behavior across Morocco, with food delivery app Glovo experiencing a remarkable 40% increase in orders during June, July, and August. This surge highlights the growing preference for home delivery services in the North African nation, driven by a......

US-Morocco Free Trade Agreement: 20 Years On, Economic Gains Fall Short of Expectations

Two decades after the United States and Morocco inked their Free Trade Agreement (FTA), the economic landscape presents a mixed picture. While bilateral trade has surged from $1.3 billion in 2006 to $5.5 billion in 2023, the anticipated economic windfall for Morocco remains elusive, according to a recent......

Morocco's Inflation Stabilizes Amidst Economic Headwinds

Despite the challenges, the report noted that the risks of runaway inflation have diminished, with Morocco maintaining a relatively stable economy compared to other countries facing similar pressures. Morocco has managed to avoid a wage-price spiral despite the persistent inflationary pressures in 2023,......