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Category: Business
US warning: African nations to be ‘punished’ if they trade in US-sanctioned commodities
African nations are free to buy grain from Russia but could face consequences if they trade in US-sanctioned commodities such as Russian oil, the US ... Read More
Saudi Arabia posts $20.8bn budget surplus in Q2
Saudi Arabia has posted a SR77.9 billion ($20.8 billion) budget surplus during the second quarter of 2022, representing 16 percent increase over the same period ... Read More
Morocco’s automotive exports record 30.1% increase, reaching $5.1 Billion as of June
Morocco’s automotive exports have recorded a 30.1% increase in the first half of 2022, reaching $5.1 Billion, compared to $4.0 billion a year earlier. The ... Read More
Global Policy Institute: Morocco can play strategic role between U.S. business & Africa
Thanks to its successful development journey and deep insights into Africa, Morocco can play now the strategically critical role of bridge between U.S. business and ... Read More
Wheat: UK producers looking for opportunities in Morocco
A team from the UK Agriculture & Horticulture Development Board (AHDB) visited lately Morocco looking for export opportunities for UK wheat and barley crops. The ... Read More
Egypt mull plans to list SCA companies on Cairo stock market
The Suez Canal Authority (SCA) is considering listing three companies on the Egyptian Exchange (EGX) by the end of the year, Chairman of the SCA ... Read More
Morocco’s unemployment rate eases to 11.2%
Morocco’s unemployment rate dropped to 11.2% in the first half this year, compared with 12.8% a year earlier, the high commission for planning said. From ... Read More
Egypt rejects reports about seeking $15b loan from IMF
Egypt’s Finance Minister Mohamed Maait has denied reports that the Arab Republic is seeking a $15 billion-loan from the International Monetary Fund (IMF) to shore ... Read More
Kuwait’s online toy shop Teeela eyes regional market expansion
Kuwait-based gifting e-commerce platform and toy shop Teeela is set to expand in the Middle East region to tap into the $30 billion gifting market, ... Read More
Morocco’s trade deficit expands due to expensive energy imports
Morocco’s trade deficit up to June surged to 150.5 billion dirhams or 14.6 billion dollars as the country sustains a heavy energy bill on the ... Read More