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Economy


Australia's Birth Rate Reaches Historic Low, Raising Economic Concerns

In a significant demographic shift, Australia recorded 286,998 births in 2023, resulting in a total fertility rate (TFR) of just 1.50 babies per woman, according to the latest figures from the Australian Bureau of Statistics (ABS). This marks a decline from the previous year’s TFR of 1.63 and continues......

Air Arabia Expands European Reach with New Fez-Milan Route

Air Arabia is set to enhance its European network with the launch of a new direct route connecting Fez, Morocco, to Milan-Bergamo, Italy. This strategic expansion, scheduled to commence on December 15, 2024, aims to bolster travel options for both tourists and business travelers between North Africa......

EU Banking Reforms Spark Concern for Vital Moroccan Remittances

The European Union's latest banking regulations, initially designed to address post-Brexit financial concerns, have inadvertently raised alarms in Morocco. These new rules threaten to disrupt a crucial economic lifeline for the North African nation – remittances from its diaspora in Europe. In......

Morocco's Watermelon Exports Flourish Amidst EU Market Shifts

In a remarkable display of agricultural resilience, Morocco has secured its position as a top watermelon exporter to the European Union, despite facing its sixth consecutive year of severe drought. This achievement underscores the kingdom's ability to adapt and thrive in the face of climatic challenges. According......

Moroccan Firm Challenges Global Spread Market with Strategic Italian Acquisition

In a significant move that could reshape the global spreads industry, Teralys, a subsidiary of Moroccan royal holding company Al Mada, has announced its acquisition of Italian agro-industrial group Nutkao for €450 million. This strategic purchase positions Teralys as a formidable competitor to established......

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......

Spain Amplifies Gas Exports to Morocco Amid Strategic Energy Shifts

In a notable shift, Spain has dramatically increased its natural gas exports to Morocco while reducing supplies to European counterparts like Italy. This strategic move comes as Spain navigates complex energy dynamics involving Algeria and broader regional tensions. According to data from Cores, Spain’s......

THAMM Plus: Italy's Strategic Recruitment of Moroccan Mechatronics Experts

In a significant move to address labor shortages, Italy is actively seeking Moroccan professionals trained in mechatronics through the THAMM Plus Project. This initiative, funded by the European Union and spearheaded by the International Organization for Migration (IOM), aims to facilitate the professional......

Unveiling the Seamy Side of Fashion: Milan Investigation Exposes Labor Woes in Luxury Goods Production

In a shocking revelation that threatens to tarnish the glittering reputation of Milan's fashion industry, Italian authorities have uncovered widespread exploitation of workers in the production of high-end handbags and leather goods. The investigation, spearheaded by Milan prosecutors, has laid bare......

Energean Streamlines Global Operations to Zero In on Morocco

London-based Energean PLC divests Egyptian, Italian, and Croatian portfolios in a $945 million deal, aiming to sharpen its focus on Moroccan assets. In a strategic move poised to reshape its global footprint, Energean PLC, headquartered in London, has announced the sale of its portfolios in Egypt, Italy,......

Spain Heads EU Trade Surge with Morocco in 2023

In a significant development for European-Moroccan trade relations, Spain has solidified its position as the leading exporter from the European Union to Morocco in 2023. According to the latest figures from the Spanish Embassy in Rabat, Spain commanded an impressive 36.8% of the EU's total exports......