Suez Canal industrial zone

Over 2000 Moroccans leave war-torn Ukraine

By March 1 at noon,  over 2000 Moroccans, mostly students, managed to leave the Ukrainian territory to neighboring countries, Moroccan foreign ministry said. Most crossings took place in Poland, followed by Romania, Slovakia and Hungary as Morocco dislocated its embassy and consular staff to Lviv, about 70 kilometers south of the Polish border. Prior to […]

Japan, Largest Foreign Private Employer in Morocco

Morocco is hosting 71 Japanese companies operating in the automotive industry and renewable energy.   These firms are employing nearly 40,000 people, making Japan the largest foreign private employer in the North African Kingdom. The remarks were made by chairman of the Moroccan employers’ union (CGEM) Chakib Alj during a networking meeting between Moroccan economic […]

BNP Paribas divests its South Africa corporate banks

After Shell, BNP Paribas has ditched its corporate banking business in South Africa, amid a spate of divestments by major multinationals. BNP Paribas, the largest bank in the EU, withdrew from South Africa after 12 years, as it seeks to consolidate its European and Asian business. BNP Paribas is also part of a series of […]