Keywords: Market
In a significant initiative aimed at fostering innovation and growth, Glovo, the on-demand delivery service, has invited eight representatives from promising Moroccan startups to its headquarters in Barcelona for an immersive experience. This program, known as the Glovo Startup Lab, is supported by the......
In a remarkable display of resilience, Morocco's OCP Group has emerged as a beacon of strength in the face of economic challenges, recording a robust revenue of MAD 43.5 billion (approximately $4.35 billion) as of June 2024. This significant rebound, amidst a global economic landscape marked by uncertainty,......
In a surprising turn of events, a chocolate hazelnut spread from Algeria that recently took social media by storm has been barred from European Union markets due to food safety concerns. The product, known as 'El Mordjene' and produced by the Algerian brand Cebon, had become a sensation, particularly......
Huawei's innovative trifold phone, the Mate XT, is gaining traction among affluent iPhone enthusiasts in Beijing. Despite the launch of the highly anticipated iPhone 16, many Chinese consumers are showing an equal, if not greater, interest in Huawei's latest offering. CNBC's spot checks......
In a significant development for the tourism industry, Morocco has emerged as the 'Best Destination for 2024' according to the Arabian Tourism Association. This prestigious recognition was bestowed upon the North African nation at the International French Travel Market (IFTM) - Top Résa......
In a strategic move that underscores its commitment to the North African hospitality market, Pickalbatros, Egypt's leading hotel and tourism group, has announced the acquisition of four prestigious hotels in Morocco. This expansion marks a significant milestone in the company's growth trajectory......
The Spanish company Conterol, a renowned provider of industrial control equipment, has made a significant move by establishing its Moroccan subsidiary, aptly named "Conterol Maroc." This strategic expansion aims to solidify the company's presence in the North African market, particularly......
In a significant development within Morocco's telecommunications sector, Maroc Telecom has agreed to pay a staggering $640 million in damages to rival operator Inwi. This settlement stems from allegations of unfair competition practices that have long been a point of contention between the two companies. The......
In a notable development for the energy sector, Chariot Limited has confirmed substantial gas discoveries at its offshore Anchois project in Morocco. This announcement marks a pivotal moment for the company and the region, as it underscores the potential of Morocco's natural gas reserves. The exploration......
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