Economy

Bank Al-Maghrib: Morocco's economy expected to grow 5.3% in 2021

According to many forecasts, the Moroccan economy is expected to witness a growth in 2021, given the recovery context after a difficult year in 2020 due to the Coronavirus pandemic. In this context, for the Moroccan central bank, Bank Al-Maghrib forecasts, Morocco's economy is expected to grow by 5.3% in 2021 and 3.2% in 2022. ...

12:02 Et March 24, 2021

EU: Commercial vehicle market expands in February

Working to shake off the COVID-19 pandemic's fallout, the EU commercial vehicles market expanded in February after shrinking significantly a month earlier, a trade group said on Wednesday. ...

10:20 Et March 24, 2021

Morocco’s port traffic decreased 8.9% by end of February

The National Ports Agency (ANP) of Morocco revealed in a press release that the port traffic recorded a decrease by 8.9% by the end of February 2020, compared ...

14:48 Et March 22, 2021

Morocco's Official Reserve Assets Up 24.2%

Morocco's official reserve assets amounted to 307.5 billion dirhams until March 12, 2021, up by 24.2% compared to the same period in 2020, Morocco's central bank (Bank Al-Maghrib) ...

10:30 Et March 22, 2021

Saudi Arabia's Aramco sees 44 percent drop in net profits in 2020

Saudi Arabia's state oil giant Aramco said its net profits fell to 49 billion dollars last year, nearly half of what it was in 2019. The company, which ...

17:50 Et March 21, 2021

Economic actors discuss co-investments between Basque and Morocco

The General Federation of Moroccan Enterprises met yesterday in Casablanca a delegation of economic actors from Basque where they discussed the joint investments between the two countries. The ...

13:34 Et March 17, 2021

EU passenger car market continues to narrow in February

The EU passenger car market narrowed 19.3% in February compared to the same month of last year, driven by coronavirus containment measures and uncertainty pressure on demand, an ...

13:10 Et March 17, 2021

Minister: Morocco's aeronautical sector will emerge even 'stronger' from crisis

The Moroccan aeronautical sector is able to emerge from the current crisis related to the novel coronavirus even "stronger" than before, said Tuesday minister of Industry, Trade and ...

21:49 Et March 16, 2021

Nokia to cut up to 10,000 jobs over next two years

Nokia on Tuesday announced plans to cut up to 10,000 jobs within two years to trim costs and invest more in research capabilities, as the Finnish telecoms group seeks to step up its challenge to Sweden’s Ericsson and China’s Huawei. After taking over the top job last year, Chief Executive Pekka Lundmark has been making ...

12:04 Et March 16, 2021

Morocco's Official Reserve Assets Up 23.5%

Morocco's official reserve assets amounted to 307.9 billion dirhams until March 5, 2021, up by 23.5% compared to the same period in 2020, Morocco's central bank (Bank Al-Maghrib) ...

19:58 Et March 14, 2021
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