Business
Shenzhen JDD Tech New Materials, a prominent Chinese manufacturer of polymer components under the Junida brand, has announced plans to establish a production facility in Morocco focused on functional protective coatings for the automotive industry. This move marks the company’s expansion beyond......
Chinese battery components giant BTR is strengthening its footprint in Morocco through the construction of two major production facilities in the Tanger Tech industrial zone. Once operational in 2026, these plants are expected to generate up to $1.2 billion in annual revenue, with a capacity aimed at......
Elon Technology, a private Chinese firm specializing in wind energy equipment, is set to inaugurate its first manufacturing facility outside China in Nador, located in northeastern Morocco, by the end of May. The factory’s construction is nearly complete, with plans to produce 750 sets of turbine......
Japanese tech conglomerate SoftBank has reported a net profit of $7.8 billion (1.15 trillion yen) for the fiscal year ending March 2025, marking a strong turnaround from a net loss of 227 billion yen in the previous year. This marks SoftBank’s first full-year profit since the 2020–2021 fiscal......
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......
