Economy

Morocco's economy should grow 3.4% in 2024, Minister says

Minister Fouzi Lekjaa, delegate of the Minister of Economy and Finance in charge of the budget, said on Friday in Rabat that based on the assumptions adopted, the Moroccan economy should record a growth of 3.7% in 2024, compared to +3.4% forecast for 2023. ekjaa, who presented the general framework of the 2024 Finance Bill ...

17:03 Et July 14, 2023

Oil prices set for second straight weekly gain after U.S. data

Oil prices rose on Friday and were on track for their second straight weekly gain, as resilient demand resulted in a larger-than-expected fall in U.S. oil stockpiles, offsetting ...

10:48 Et July 7, 2023

Turkish lira drops 7%, signalling move towards free market

Turkey's lira plunged 7% to a record low on Wednesday in its biggest daily selloff since a historic 2021 crash, a move traders said is a "strong signal" ...

12:53 Et June 7, 2023

Washington: Morocco Warns of Fragmentation in Global Economy

Minister of Economy and Finance, Nadia Fettah, warned in Washington against the fragmentation of the global economy, recalling that Morocco rather advocates the strengthening of cooperation. Fettah, who ...

12:26 Et April 15, 2023

French inflation hits record-high of 7.3% in February

Annual inflation in France hit a record 7.3% in February, the national statistics bureau Insee said on Wednesday. The prices were up from 7% in January. The authority's ...

15:00 Et March 15, 2023

Oil giant Saudi Aramco makes a historic $161B profit in 2022

Oil giant Saudi Aramco reported Sunday earning $161 billion last year, claiming the highest-ever recorded annual profit by a publicly listed company and drawing immediate criticism from activists. ...

13:32 Et March 12, 2023

Ford to cut 3,800 jobs in Europe, mostly in Germany, UK

Ford said Tuesday that it will cut 3,800 jobs in Europe over the next three years in an effort to streamline its operations as it contends with economic ...

11:00 Et February 14, 2023

Morocco, Spain Examine in Agadir Ways to Strengthen Cooperation in Fisheries Sector

The means to strengthen cooperation between Morocco and Spain in the fisheries sector were the focus of a conference debate held Thursday evening in Agadir, on collaborative opportunities ...

11:35 Et February 4, 2023

Oil drops as Russian price cap proposal eases concerns about tight supply

Oil declined on Thursday, hovering around two-month lows, as the Group of Seven(G7) nations' proposed range for a price cap on Russian oil was higher than current trading levels, alleviating concerns over tight supply. A greater-than-expected build in U.S. gasoline inventories and widening COVID-19 controls in China added to downward pressure. Brent crude futures dipped ...

12:03 Et November 24, 2022

Facebook's Parent Company Meta Sacks Over 11,000 Employees, Reduces Workforce By 13%

Facebook's parent company Meta has laid off more than 11,000 employees, reducing its workforce by 13%, CEO Mark Zuckerberg announced on Wednesday. "I want to take accountability for ...

15:43 Et November 9, 2022
Wed 3:00
moderate rain
12.6
°
C
Thu
12.36
mostlycloudy
Fri
12.76
mostlycloudy
Sat
13.75
mostlycloudy
Sun
13.12
mostlycloudy
Mon
14.71
mostlycloudy