Economy

German exports down 9.3% last year, biggest fall since 2009

Germany’s exports plunged by 9.3% last year as the coronavirus pandemic dragged down demand, the biggest drop since the financial crisis in 2009, official data showed Tuesday. Imports dropped 7.1%, the Federal Statistical Office said. That also was the steepest decline since 2009, when exports fell by 18.4% and imports by 17.5%. The United States ...

13:04 Et February 9, 2021

Morocco's official reserve assets up 25.1%

Morocco's official reserve assets amounted to 313.9 billion dirhams until January 29, 2021, up by 25.1% compared to the same period in 2020, Morocco's central bank (Bank Al-Maghrib) ...

13:53 Et February 7, 2021

Tourism most sector hit by pandemic in Morocco in 2020

Like all countries in the world, Morocco suffered from the consequences of the pandemic during 2020 at all levels. However, the tourism sector is still considered the most ...

17:02 Et February 6, 2021

European shares rise, Germany lags after industrial orders data

European stocks rose on Friday, tracking an upbeat sentiment from Wall Street on hopes of a faster global economic recovery, while Frankfurt shares lagged after data showed a ...

11:22 Et February 5, 2021

Morocco among best 10 African countries to invest in: report

Morocco has developed its economic profile in Africa a lot in recent years, and it has become among the most African countries that receive a significant foreign investment ...

22:16 Et February 4, 2021

Bezos' shock exit cools Amazon results boost

Jeff Bezos’ surprise move to step down as chief executive of Amazon.com Inc quashed Wall Street optimism about bumper quarterly results, but analysts were upbeat on the promotion ...

21:36 Et February 3, 2021

Amazon sales top $100b for 1st time in Q4 2020

Amazon saw its sales surpassing the $100 billion mark in the fourth quarter of 2020, the first time in the company's history, according to its financial results statement ...

10:46 Et February 3, 2021

Morocco, Portugal strengthen cooperation on Green Hydrogen

Morocco and Portugal on Tuesday signed in Rabat a declaration of cooperation on green hydrogen, with the objective of developing partnership in this sector between the economic stakeholders ...

16:33 Et February 2, 2021

Pfizer expects $15 billion of 2021 sales of vaccine

Pfizer Inc on Tuesday forecast sales of about $15 billion from the COVID-19 vaccine that it is making along with German partner BioNTech. The company said it expects total 2021 revenue of between $59.4 billion and $61.4 billion.

13:45 Et February 2, 2021

Moroccan economy could rebound 'very strongly' in second half of 2021, Minister says

The Moroccan Minister of Economy, Finance and Administration Reform, Mohamed Benchaaboun, has expressed his trust that the Moroccan economy could rebound 'very strongly' in the second half of ...

20:18 Et February 1, 2021
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