Economy
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......
The United States Ambassador to Morocco, Bonnet Talwar, has highlighted the significance of Morocco's free trade agreements with Europe and the United States, positioning the country as a vital bridge between continents and an attractive destination for foreign investment. During a statement made......
Egypt currently holds the distinction of having the highest interest rates among all Arab nations, with a staggering 27.25% set by its central bank. This monetary policy decision reflects Egypt's aggressive strategy to attract foreign investment in treasury bonds and bills, particularly in response......
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......
In a significant development, the Moroccan fertilizer industry has received a boost, courtesy of a strategic decision by a prominent US company. This move has not only strengthened the industry's position but also opened up new avenues for growth and collaboration. The US-based firm, known for its......
The popular e-tailers Shein and Temu, known for their incredibly low prices, may soon face a significant shift in their pricing strategy as the Biden administration takes aim at a trade law loophole that has benefited these Chinese-linked retailers. This move could result in a substantial increase in......
In a notable development within the global energy market, Morocco and Egypt have emerged as the leading recipients of American thermal coal exports to Africa, collectively accounting for an impressive 98% of the total shipments to the continent. Recent data from the U.S. Energy Information Administration,......
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'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 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......
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......
Vice President Kamala Harris has recently endorsed a Biden administration plan that includes a tax on unrealized stock gains, sparking debate among conservative pundits and Trump supporters who argue that the proposal amounts to socialism or communism. The plan aims to impose a tax on stock holdings......
Canada has announced a 100% tariff on imports of Chinese-made electric vehicles, aligning with the United States’ stance. The move follows concerns from Western governments regarding China’s subsidies, which they argue provide an unfair advantage to Chinese industries. This decision......
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