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Economy


Harris Advocates for Tax on Unrealized Stock Gains for Ultra-Wealthy

Vice President Kamala Harris has recently endorsed a Biden administration plan that includes a tax on unrealized stock gains, sparking debate among conservative pundits and Trump supporters who argue that the proposal amounts to socialism or communism. The plan aims to impose a tax on stock holdings......

Morocco's Economic Shift: Akhannouch Unveils Job Creation and Investment Push

In a strategic move to bolster Morocco's economy, Head of Government Aziz Akhannouch has announced a renewed focus on investment and job creation for the second half of his term. Speaking at a Government Council session in Rabat, Akhannouch outlined a vision that balances economic growth with social......

Marsa Maroc Reports 17% Revenue Growth in First Half of 2024

Marsa Maroc, a prominent Moroccan port operator, has achieved significant financial success in the first half of 2024, with revenue increasing by 17% to 2.48 billion Moroccan dirhams (about $247 million USD). This performance exceeded initial projections and was fueled by a 14.5% rise in cargo traffic,......

Moroccan Meat Market Crisis: Lamb Prices Soar as Industry Calls for Action

In a concerning development for Moroccan consumers, lamb prices have skyrocketed to 150 Moroccan dirhams (MAD) per kilogram in various regions across the country. This sharp increase has ignited public outcry and industry concern, as citizens grapple with the possibility that these elevated prices may......

Libya’s Central Bank Crisis: International Urgency Amid Economic Uncertainty

The Libyan economy is at a critical juncture as a contentious dispute over the control of the central bank escalates, drawing urgent responses from both the United States and the United Nations. This power struggle, occasionally violent, poses a significant threat to Libya’s already precarious......

Morocco's Atlantic Vision: Bridging Europe and Africa Through Economic Cooperation

Morocco is spearheading an ambitious initiative to reshape Europe-Africa relations, according to former French Member of the European Parliament Florence Kuntz. In a recent article published by Africapresse.paris, Kuntz highlighted King Mohammed VI's Atlantic initiative as a potential game-changer......

Safi's Seawater Solution: Innovative Desalination Plant Tackles Water Scarcity

The coastal city of Safi, Morocco, is witnessing a significant transformation in its water management strategy with the launch of a cutting-edge seawater desalination plant. This ambitious project, spearheaded by the OCP Group through its subsidiary OCP Green Water, is set to revolutionize water supply......

Canada Implements 100% Tariff on Chinese-Made Electric Vehicles, Aligning with U.S. Policy  

Canada has announced a 100% tariff on imports of Chinese-made electric vehicles, aligning with the United States’ stance. The move follows concerns from Western governments regarding China’s subsidies, which they argue provide an unfair advantage to Chinese industries.   This decision......

Indonesian Fertilizer Firm Eyes Algeria’s Untapped Phosphate Potential

Indonesia’s Leading Fertilizer Company Considers Algerian Phosphate Investments Amid Global Market Competition PT Pupuk Indonesia, a major player in the global fertilizer industry, is exploring investment opportunities in Algeria's phosphate sector, according to recent reports from Algerian......

Morocco's Blueberry Exports Skyrocket: A 25% Surge to Record 67,300 Tons

Morocco's agricultural sector has achieved a remarkable milestone during the 2023-2024 season, with blueberry exports reaching unprecedented levels. According to a report from EastFruit, the North African nation has set a new record in blueberry shipments, marking a robust expansion in both volume......

EU's Declining Appetite for Moroccan Tomatoes: Imports Drop by 6.8%

The European Union's demand for Moroccan tomatoes has experienced a noticeable dip this season, with imports from the North African nation dropping by 6.8% compared to the previous year. This decline follows a record high in Moroccan tomato imports to the EU in 2022, marking the steepest decline......

Morocco's Economic Surge Raises Concerns Over Regional Wealth Disparities

Morocco's recent economic boom, fueled by foreign investments and infrastructure projects, is masking growing concerns about uneven wealth distribution across the country. As urban centers and high-tech sectors flourish, there's a risk that rural areas and vulnerable populations may be left behind......

White-Collar Workers in India: A Rising Tide of AI Anxiety

A significant proportion of knowledge-workers in India anticipate job displacement due to artificial intelligence (AI) within the next five years, according to a recent study. A groundbreaking report from the Indian Institute of Management Ahmedabad (IIMA) has unveiled profound concerns among India's......