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Shanghai Auto Parts to set up plant in Morocco

Shanghai Auto Parts said it plans to set up a production plant in Morocco, which boasts an expanding automotive sector that is adapting to the needs of the electric vehicle industry. The plant would cost some 130 million dollars or 1.3 billion dirhams, the company said in a statement. The plant, to be called Shanghai […]

Suez Canal traffic rebounds as geopolitical calm boosts maritime confidence

Egypt’s Suez Canal recorded a 14.2 percent year-on-year revenue increase between July and October, driven by easing tensions in the Red Sea and renewed vessel movement following the Gaza ceasefire. Canal Authority Chairman Osama Rabie confirmed that 229 ships transited in October, the highest monthly tally since the onset of the regional crisis, with 4,405 […]

Morocco-Germany: Shared resolve to upgrade economic, financial Cooperation

Morocco and Germany have underlined the strength of their partnership and commended the quality and density of financial and technical cooperation between the two countries, while reaffirming their shared desire to strengthen cooperation in all areas of common interest. This came at a meeting held Monday in Rabat between Minister of Economy and Finance, Nadia […]