nas-el-ghiwane

Turkey seeks to strengthen foothold in Africa’s gold, oil markets

Turkey is following in the footsteps of China and Russia in seeking to strengthen its foothold in the continent focusing mainly on oil and gold. Next month, Turkey will send the research vessel Oruc Reis to explore offshore oil blocks in Somalia, where Ankara has its largest overseas military base and manages key infrastructure. Turkish […]

American STG to Install Phone Assembly Plant in Morocco

The American STG (Secure Technologies Group) will install around 2019-2020 a phone assembly plant in Morocco, announced the group’s founder Adnan Ouassini. Adnan Ouassini, a Moroccan entrepreneur born in Tangier, established STG in 2008 in Silicon Valley in the United States through Technology Capital Invest (TCI), an investment holding company in new technologies, also founded […]

EBRD expects Morocco’s growth to reach 3 % in 2024 and 3.6 % in 2025

The European Bank for Reconstruction and Development (EBRD) expects Morocco’s economic growth to reach 3 per cent in 2024, before rising to 3.6 per cent in 2025, supported by a recovery in external demand and government investment. Following a slowdown in 2022, the country GDP growth picked up to 3.2 % in 2023, driven by […]