Keywords: Market
Kenitra, Morocco - A significant fire erupted on Saturday evening at the Ben Abbad flea market in Kenitra’s El Maamoura district, causing extensive damage to the bustling commercial hub. Initial reports indicate that the fire has devastated approximately 134 stalls, leaving the market in disarray. Local......
In a notable shift in regional energy dynamics, Morocco has emerged as the foremost destination for Spanish liquefied natural gas (LNG) exports. This transformation is underscored by recent data from the Spanish Agency for Strategic Reserves (Cores), which reveals a dramatic surge in Spain's LNG......
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 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......
In a troubling development highlighting the economic challenges facing the world's second-largest economy, China's youth unemployment rate has surged to an unprecedented 17.1% in July, according to the latest data from the National Bureau of Statistics. This figure represents the highest level......
In a strategic move to enhance tourism, Morocco is targeting the Brazilian market with plans to double the number of Brazilian tourists within three years. The Moroccan National Tourism Office (ONMT) is spearheading these efforts, capitalizing on the resumption of the direct Casablanca-Sao Paulo flight......
Morocco's Banking Sector Faces Heightened Liquidity Needs In a recent report by Morocco's central bank, Bank Al-Maghrib (BAM), July saw a notable rise in liquidity demand within the country's banking sector. The average weekly requirement soared to MAD 125.3 billion, surpassing June's......
China Baoan and its subsidiary Betrui have unveiled a substantial $370 million investment in Tanger Science and Technology City, aimed at producing 60,000 tons of anode material annually. This development strengthens Morocco's foothold in the global lithium battery market. Building on Betrui’s......
The U.S. Department of Justice (DOJ) is exploring potential actions following a landmark ruling that found Google guilty of monopolizing the online search market. Alphabet, Google’s parent company, saw its shares drop by 3% after the announcement. The DOJ is considering measures under antitrust......
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