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Starbucks Explores New Ownership for MENA Franchises

In an exclusive report by Reuters, coffee giant Starbucks is currently in discussions to transfer a portion of its franchise rights in the Middle East, North Africa, and Central Asia to US investment firm Apollo Global Management. Presently, the Kuwaiti conglomerate Alshaya oversees nearly 2,000 Starbucks......

ABHOER: Dam Reservoirs Report 215 Million Cubic Meters, Sparking Concerns over Water Management

In a recent report, the Agence du Bassin Hydraulique de l'Oum Er Rbia (ABHOER) revealed that the reservoirs of its major dams currently hold a total of 215 million cubic meters of water, representing only 4.4% of their total capacity. This figure is significantly lower than the numbers recorded during......

Morocco and Spain Engage in Airspace Management Negotiations Over Moroccan Sahara, Confirms Albares

Madrid - Contrary to recent reports in the Iberian media, Spanish Foreign Minister José Manuel Albares announced this week that Morocco and Spain are currently in negotiations regarding the control of airspace over Moroccan Sahara. In an interview with El Periodico de España, Albares emphasized......

Declining Fish Landings at Morocco's Mediterranean Ports

Tangier, Morocco - The National Fisheries Office (ONP) reported a concerning 7% decline in fish landings at Morocco's Mediterranean ports in 2023 compared to the previous year. This decrease, observed in both quantity and value, poses potential challenges for the crucial fishing industry spanning......

Sustainable Partnership: Azura and Suez Sign Two Waste Management Contracts

Azura Group, a global leader in the fruit & vegetable and aquaculture sectors, has entered into a strategic partnership with Suez, a leading provider of circular economy solutions for waste. The collaboration involves the signing of two 6-year contracts for the management of organic waste from Azura’s......

Morocco Invests Billions in Cash Surpluses

The Moroccan government finds itself in a favorable financial position, boasting surplus funds that are not lying dormant. The Treasury and External Finance Department, a branch of the Ministry of Economy and Finance, took decisive action this week by channeling an impressive 20.75 billion Moroccan dirhams......

Addressing Morocco's Escalating Water Crisis Amidst a 67% Rainfall Deficit

Morocco is currently grappling with a severe water crisis, with Minister of Equipment and Water, Nizar Baraka, revealing a significant 67% deficit in rainfall over the past few months. Expressing deep concern during a recent session at the House of Representatives, Baraka highlighted the country's......

Navigating Challenges on Morocco's Path to Reform State-Owned Enterprises

Morocco embarked on an ambitious journey to reform its state-owned enterprises (SOEs) in 2018, aiming to streamline the public portfolio and enhance fiscal sustainability. However, the country faces persistent challenges, as revealed by the annual report from the Audit Court. The progress of the public-private......

Spain Applauds EU Migrant Pact as Crucial for Effective Border Management

Spanish Prime Minister Pedro Sanchez has lauded the recent European Union agreement to reform migration laws, emphasizing its critical role in enhancing Spain's ability to manage the influx of new arrivals and secure its borders. As one of the primary entry points into Europe, particularly through......