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Economy


Global markets slide as Trump defends tariffs as economic remedy

Global financial markets have plunged as US President Donald Trump intensified his defense of broad new tariffs, describing them as necessary "medicine" despite triggering widespread investor panic and massive sell-offs. Speaking aboard Air Force One, Trump said although he doesn’t wish......

Casablanca to host international poultry leaders at IPC meeting

Casablanca is set to welcome prominent leaders from the poultry industry during the Annual International Poultry Council (IPC) Meeting, scheduled for April 7-10, 2025. This significant event, organized in collaboration with Morocco’s Interprofessional Federation of the Poultry Sector (FISA), aims......

Elon Musk advocates for a US-Europe free trade zone

Tech billionaire Elon Musk has voiced support for a free trade zone between the United States and Europe, calling for the elimination of tariffs. During a video appearance at a conference organized by Italy's far-right League party in Florence, Musk emphasized his belief in a zero-tariff arrangement......

Morocco and South Korea expand ties through major rail deal

In a recent interview with The Korea Times, Chafik Rachadi, Morocco’s ambassador to South Korea, highlighted the deepening economic relations between Rabat and Seoul, underscored by a landmark $1.5 billion agreement between Morocco’s national railway operator (ONCF) and Hyundai Rotem. Ambassador......

UK Prepares to Safeguard Industry amid US Tariff Shifts

UK Prime Minister Keir Starmer responded to US President Donald Trump’s new tariffs, warning that long-standing assumptions about global trade are no longer reliable. In an op-ed for The Sunday Telegraph, Starmer remarked, “The world as we knew it has gone,” emphasizing the shift from......

Morocco and Spain: Strategic Partners in Global Competition

Spain now recognizes Morocco as a key strategic ally in facing the challenges of global competition. Far from being rivals, the two countries have forged a powerful partnership in critical sectors that are shaping the future. In an analysis titled “Spain and Morocco: Strategic Allies in the Face......

EU's response to U.S. tariffs and the potential for a trade conflict

The European Union (EU) is preparing to implement targeted countermeasures against U.S. President Donald Trump's tariffs, which could affect up to $28 billion worth of U.S. imports, ranging from dental floss to diamonds. This step follows actions taken by China and Canada, marking an early escalation......

Chile deepens ties with Morocco as Andean support strengthens

A delegation led by Chilean Senate President Manuel José Ossandón met with Mohamed Ould Errachid, President of Morocco’s House of Councilors, in Laayoune on Thursday. This high-level meeting occurred during the Andean Parliament’s historic session in Morocco and focused on expanding......

Major tin deposit discovered near Meknès, Morocco

A significant geological discovery has emerged in the Meknès region, unveiling a tin deposit estimated at over 39 million tons. This site, located at the heart of the Achmach mining project, has captured the attention of international experts and could reposition Morocco on the global stage of......

Al Amoudi’s legal battle: Morocco stands firm against financial pressure

Mohammed Hussein Al Amoudi, the Saudi billionaire and former owner of Morocco's Samir refinery, is currently pursuing the enforcement of an award from the International Centre for Settlement of Investment Disputes (ICSID) against Morocco. This effort aims to resolve a prolonged legal dispute with......

Air Arabia Maroc launches direct flights from Nador to Murcia

Air Arabia Maroc has announced the introduction of a direct flight route connecting Nador and Murcia, set to commence on May 3. This initiative is part of the airline's broader strategy for international expansion. The new service will operate three times each week, specifically on Mondays, Tuesdays,......

Al Barid Bank reports 196% profit increase for 2024

Al Barid Bank has announced remarkable financial results for the year 2024, with its Group Net Profit reaching MAD 871.38 million ($87.14 million), reflecting a staggering 196% increase compared to 2023. This impressive performance was unveiled during a Supervisory Board meeting on March 28. The bank's......

Rising taxes could cause sneaker prices to jump by 12%

Global sneaker giants are bracing for impact following the announcement of new customs measures imposed by the Trump administration. Beginning April 9, a staggering 46% tariff on imports from Vietnam—a key player in sports shoe production—could significantly inflate sneaker prices. A 46%......