Business
Volkswagen's net profit for the first quarter of the year decreased by 40.6 percent, dropping to €2.19 billion ($2.49 billion). Despite this, the company saw a 3 percent increase in revenue, which reached €77.56 billion. The 10-brand conglomerate, which includes Audi, Skoda, and Porsche,......
Allianz Trade has announced the appointment of Philippe Dessèvre as its new Global Head of Reinsurance and CEO of Euler Hermes Reinsurance AG, effective October 1. This strategic leadership change follows the retirement of Benoît des Cressonnières, who has been with the company for......
Casablanca, 12/02/2025 – HydroJeel, a subsidiary of INNOVX, has received a €30 million grant from the Power-to-X (PtX) Development Fund, an initiative of the German Federal Ministry for Economic Cooperation and Development (BMZ) managed by KGAL Investment Management on behalf of KfW. This......
The Chinese group "Jong Wei," a specialist in battery materials production, has announced a slowdown in its expansion across Asia, suspending a project in South Korea and postponing two others in Indonesia. However, the company reaffirmed its commitment to strengthening investments in Morocco,......
Morocco and Bavaria are exploring potential avenues for strategic collaboration. On Friday, the Moroccan Minister of Industry and Trade, Ryad Mezzour, met with Tobias Gotthardt, Secretary of State at the Bavarian Ministry of Economic Affairs, State Development, and Energy, in Rabat. This meeting underscored......
In a landmark shift, Spanish delivery platform Glovo has announced plans to hire its delivery workers directly, moving away from its previous model of using self-employed riders. This significant decision, revealed on Monday, will impact Glovo’s operations across over 900 cities in Spain and apply......
