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,......
Royal Air Maroc and China Southern Airlines signed a memorandum of understanding (MoU) to enhance connectivity between Africa and China, aiming to meet the increasing demand for travel between these regions. Through this agreement, both airlines will expand their interline cooperation and establish......
During a dialogue organized by the Moroccan Council for Foreign Affairs on Thursday in Rabat, Li Changlin, the Chinese Ambassador to Morocco, emphasized that China views the Kingdom of Morocco as a key strategic partner and a prime destination for investment. He highlighted the growing strategic relations......
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's state-owned phosphate powerhouse OCP Group has finalized a MAD 2.05 billion ($205 million) agreement with Shanghai Zhenhua Heavy Industries (ZPMC) for bulk cargo handling equipment at the Port of Safi. The contract, announced December 30, specifies a 30-month delivery timeline. ZPMC, which......
Chinese fast fashion giant Shein has revealed two instances of child labor within its supply chain in 2023, as detailed in the company's latest sustainability report. This disclosure comes at a crucial time for the company, which is reportedly preparing for a potential stock market debut. The company......
In a revealing glimpse into his financial affairs, former President Donald Trump's latest personal financial disclosure form, released on Thursday, unveils intriguing details about his diverse investment portfolio and income sources. The document sheds light on Trump's cryptocurrency holdings......
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