Economy

BMW quintuples Q1 profit after booming sales in China

German luxury carmaker BMW's first quarter (Q1) 2021 net profits totaled 2.8 billion euros (3.4 billion U.S. dollars), more than four times the amount -- 574 million euros - registered in the first quarter of last year, the company said on Friday. According to BMW, the "greatly improved level of revenues and earnings" was driven ...

19:30 Et May 7, 2021

VW shrugs off pandemic effects in Q1, but chip supply a problem

Volkswagen Group posted a sharp rise in both profits and turnover for the first quarter, leaving behind the effects of the coronavirus pandemic, in figures published on Thursday. ...

15:20 Et May 6, 2021

Morocco, Serbia express will to further strengthen bilateral economic relations

Morocco and Serbia expressed, Wednesday in Rabat, their will to develop bilateral cooperation, particularly in the economic field, given the significant potentialities of the economies of the two ...

12:16 Et May 6, 2021

Remittances sent by Moroccans living abroad reached almost 21 billion DH in Q1 2021

The Exchange Control Office has said that the remittances sent by Moroccan living abroad have reached more than 20.9 billion DH in the first quarter of the year. ...

23:16 Et May 4, 2021

Coronavirus pandemic increases unemployment rate in Morocco by 2 points

The unemployment rate increased by 2 points between the first quarters of 2020 and 2021, from 10.5% to 12.5%, MAP news agency reported citing the High Commission for ...

12:46 Et May 4, 2021

Morocco's Official Reserve Assets Up 6.4%

Morocco's official reserve assets amounted to 303.9 billion dirhams until April 23, 2021, up by 6.4% compared to the same period in 2020, Morocco's central bank (Bank Al-Maghrib) ...

11:36 Et May 3, 2021

India April trade deficit at $15.24 bln

India’s trade deficit in goods was $15.24 billion in April, preliminary data released by the government on Sunday showed, Reuters reported. Merchandise exports rose to $30.21 billion for ...

11:28 Et May 2, 2021

Eurozone economy slumps 0.6 percent in first quarter of the year

Eurozone gross domestic product (GDP) contracted by 0.6 per cent in the first three months of the year compared to the previous quarter, the EU statistical office estimated ...

21:00 Et April 30, 2021

Morocco records $180 million trade surplus with Poland in 2020, Polish ambassador says

Morocco recorded in 2020 a trade surplus of nearly 180 million dollars with Poland, MAP news agency reported on Thursday, citing Polish Ambassador to Morocco Krzysztof Karwowski. The Polish diplomat was speaking at a press conference on the sidelines of the celebration of the 230th anniversary of the adoption of the first Polish constitution. "We ...

12:30 Et April 30, 2021

New port of Dakhla: Mega Project to develop Morocco's southern provinces

The new port of Dakhla Atlantic is a flagship magaproject of the development model for the Southern Provinces, in line with the Guidelines of Morocco’s King, Mohammed VI, ...

13:53 Et April 29, 2021
Wed 15:00
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