X

Economy


Enhancing Morocco's Financial Landscape: Key to Attracting Global Investors

Morocco must revitalize its financial sector to enhance its appeal as a business hub, according to the Milken Institute's 2024 Global Opportunity Index (GOI). Despite efforts to improve business allure, Morocco ranks 80th out of 129 countries in business infrastructure. The GOI evaluates countries......

Morocco's Aerospace Sector Soars: Exports Projected to Hit $4 Billion by 2030

Morocco's aerospace industry is experiencing a remarkable ascent, with exports reaching $1.3 billion in the first half of 2024. This achievement positions the sector as the country's leading export performer. In an exclusive discussion with Asharq Business, Hamid El Andaloussi, president of......

US Agricultural Exports to Morocco Soar to $610 Million in 2023

Morocco Emerges as a Key Market for American Agricultural Products The United States has witnessed a substantial surge in its agricultural exports to Morocco, with the total value reaching an impressive $610.17 million in 2023, as reported by the U.S. Department of Agriculture (USDA). Reflecting on......

Moroccan American Network Prepares Grand Celebration for 8th Annual Morocco Day in Washington D.C.

The Moroccan American Network is set to host a spectacular commemoration of the 8th annual Morocco Day in Washington D.C. on June 30, promising an event that will showcase the rich cultural tapestry and enduring diplomatic ties between Morocco and the United States. Founded in 2013 by Moroccan entrepreneur......

Living on the Edge: The Expensive Realities of Expatriate Life in America's Costliest Cities

In a world where expatriates navigate the intricacies of diverse cultures and economies, the financial implications of their relocation can be staggering. According to Mercer's 2024 Cost of Living Survey, released on Monday, seven American cities have secured their place among the top 20 most expensive......

The Lobito Corridor: G7's Catalyst for Unlocking Africa's Mineral Bounty

In a strategic move to bolster regional economic integration and sustainable development, the G7 nations have set their sights on revitalizing a critical trade corridor that traverses three mineral-rich African countries. The Lobito Corridor, a multimodal transportation network spanning Angola, the Democratic......

Affluence Abounds: The United States Mints Nearly 600,000 New Millionaires in 2023

In a remarkable testament to the nation's economic prowess, the United States has outpaced the rest of the world in minting new millionaires during the year 2023, according to reports from American media outlets citing a study by the digital services group Capgemini. The country welcomed a staggering......

Tesla: Elon Musk's Lavish Compensation Demand Raises Eyebrows

In an unprecedented move, Elon Musk's colossal compensation package, valued at a staggering $56 billion, has become a subject of intense scrutiny. The saga, which began in 2018 when Tesla's board approved the lucrative deal, took a dramatic turn when a U.S. court annulled the compensation plan......

GITEX Africa: Digitalization Fuels Morocco's Socioeconomic Surge

At the much-anticipated GITEX Africa 2024 in Marrakech, Morocco, Ghita Mezzour, Minister Delegate for Digital Transition and Administrative Reform, delivered a captivating keynote address, vividly illustrating the nation's digital renaissance. Mezzour's words resonated with Morocco's steadfast......

Mondelez Fined by EU for Anti-Competitive Practices

In a significant move against anti-competitive behavior, the European Union (EU) has imposed a hefty fine of €337.5 million (approximately $367 million) on Mondelez International, the American food and beverage giant responsible for renowned brands like Lu, Oreo, Milka, and Toblerone. The penalty......

Post-Pandemic Realignment: Amazon Streamlines Workforce with 10,000 Job Cuts

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......