Libya at war

Automotive Industry: Japanese Sumitomo strengthens its presence in Morocco; targets 16,000 new jobs by 2028

The Japanese Sumitomo corporation intends to expand its operations in Morocco with the launch of nine new industrial units for the manufacturing of wiring and components in different regions of the Kingdom for a total investment of 1.96 billion dirhams. The framework agreement between Morocco and Sumitomo corporation for the development of these industrial projects […]

Ocean of opportunities awaits Moroccan-US-Israeli partnership- FM says

Morocco’s foreign minister welcomed the momentum generated by the deal with the US and Israel saying an ocean of opportunities awaits this trilateral cooperation in support of regional peace and stability. “It is indeed our strong belief that the sea, be it the Mediterranean or the Atlantic Ocean, no longer separates our countries. It now […]

Still Short of USD:Egypt’s Booming Foreign Currency Black Market

Egypt’s central bank has lately taken some exceptional steps to help the Egyptian pound and restrain the black market in foreign currencies. Despite the central bank’s effort, the currency black market is thriving around the country, which suggests that the limits of the economic recovery since the fall of ex-President Morsi in July last year […]