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Economy


Africorp Mining secures ONHYM tender for Naour copper deposit in Morocco

Africorp Mining has successfully acquired an international tender issued by Morocco’s National Office of Hydrocarbons and Mines (ONHYM) for the operation of the Naour copper deposit in the Beni Mellal province. This significant project involves a total investment exceeding MAD 230 million (approximately......

Investigation reveals exploitation of Moroccan workers in France

A recent investigation by StreetPress has highlighted the alarming exploitation of Moroccan agricultural workers in the Lot-et-Garonne region of southwestern France. This report exposes the harsh realities faced by these workers, who were reportedly charged €14,000 each for seasonal work contracts......

Global oil demand forecast lowered by IEA amid trade tensions

The International Energy Agency (IEA) has revised its global oil demand growth forecast for 2025, citing "escalating trade tensions" linked to U.S. tariffs. After a period of relative calm, global oil markets have been shaken by a wave of tariff announcements in early April, according to the......

South Korea Boosts Chip Industry Aid to Navigate US Tariff Risks

South Korea has increased its semiconductor industry support package to 33 trillion won (approximately $23.25 billion), marking a 25% rise from the 26 trillion won announced last year. This move aims to bolster the nation's strategic chip sector amid growing uncertainties surrounding U.S. trade policies......

Exposing the Illusion of Luxury: China's Challenge to Western Brands Amid Tariff Conflicts

Chinese manufacturers and social media influencers are revealing the truth behind Western luxury brands, as escalating tariffs under the Trump administration highlight weaknesses in economic strategy. The narrative of the famous folktale “The Emperor’s New Clothes” finds a modern parallel......

Unmasking the Truth Behind Luxury Goods: The Role of Chinese Manufacturers

A growing trend on social media is prompting consumers to reconsider the origins and value of luxury items. Chinese manufacturers are revealing the stark reality behind high-end brands, exposing how many prestigious products are actually produced in China at low costs and sold at exorbitant prices in......

China’s hidden bankruptcies reveal rising investor risks

Dalian, China – April 15 – When a Chinese pork company filed for bankruptcy in 2019, it shocked Alan Hill, a retired Apple executive from Albuquerque. He had invested around $100,000 in Dalian Chuming Meat Processing through Energroup Holdings, a U.S.-listed firm. While the company had stopped......

Spain's strategic diplomacy amid US tariff tensions

In the wake of the US imposing tariffs on the European Union, Spain's Minister of Economy, Commerce, and Business, Carlos Cuerpo, is heading to Washington for crucial meetings. Cuerpo will discuss the potential impacts of the 20% tariff threat with US Treasury Secretary Scott Bessent and other key......

China, Vietnam sign deals as Xi visits Hanoi amid US tariff tensions

In his visit to Hanoi on April 14, Chinese President Xi Jinping emphasized the importance of deepening trade and supply chain cooperation between China and Vietnam in response to challenges posed by U.S. tariffs. Xi's visit, part of a broader Southeast Asia tour, follows the imposition of significant......

Trump Plans New Tariffs on Semiconductors amid Trade Policy Shift

In a significant shift in trade policy, U.S. President Donald Trump announced on Sunday that new tariff rates on imported semiconductor chips will be revealed in the coming week. While some flexibility may be granted to certain companies, the announcement signals that previous exemptions for smartphones......

Morocco's Urban Planning Achieves Over 90% Coverage, Boosting Economic Growth

Morocco has achieved remarkable progress in its urban planning initiatives, surpassing 90% coverage of local municipalities. Currently, 1,341 out of 1,503 communes are operating under approved urban planning documents, reflecting a significant commitment to effective land management and sustainable development. According......

Morocco seeks to establish Africa's largest shipyard in Casablanca

Morocco’s National Ports Agency (ANP) has initiated an international tender for a 30-year concession to operate what will become Africa’s largest shipyard in Casablanca. This ambitious project, valued at $300 million, aims to replicate Morocco’s success in automotive manufacturing by......

Strengthening economic ties: Morocco and UAE's growing partnership

The Moroccan Agency for Investment and Export Development (AMDIE) organized the “Morocco Now” Economic Day in Dubai, emphasizing the growing economic relationship between Morocco and the United Arab Emirates (UAE) under the theme “From Vision to Action: Morocco and the Emirates Charting......