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Economy


Spain Faces Price Surge and Health Concerns Amid Rising Moroccan Fruit Imports

Spain's importation of Moroccan strawberries has seen a significant increase, with February figures showing a 48.17% rise despite health warnings from Spanish media. According to OkDiario, Spain paid 30% more for Moroccan fruit in the first half of 2024 than the previous year, despite receiving 23.8......

Morocco Invests $300 Million in Kenitra-Marrakech Rail Upgrade

Revitalizing Morocco's Rail Infrastructure Morocco's National Office of Railways (ONCF) has embarked on an ambitious project to enhance the conventional rail lines between Kenitra and Marrakech. This initiative is crucial for developing the high-speed rail link connecting these key cities. The......

Spain Amplifies Gas Exports to Morocco Amid Strategic Energy Shifts

In a notable shift, Spain has dramatically increased its natural gas exports to Morocco while reducing supplies to European counterparts like Italy. This strategic move comes as Spain navigates complex energy dynamics involving Algeria and broader regional tensions. According to data from Cores, Spain’s......

Debate Ignites Over Federal Price-Gouging Ban as States Lead the Way

In a heated exchange that has captured national attention, former President Donald Trump has denounced Vice President Kamala Harris' proposal for a federal ban on food price gouging, labeling it as "communist" price controls. However, experts argue that this characterization misses the......

Egypt Amplifies Household Electricity Costs by 50% Amid Economic Reforms

Egypt has implemented a significant increase in electricity prices for households, with rates soaring up to 50%, according to government sources. This move is part of a broader strategy to phase out subsidies, aligning with an agreement with the International Monetary Fund (IMF). The electricity ministry......

Chariot Advances Moroccan Gas Ambitions with Anchois Drilling

Chariot Limited, a prominent energy firm focused on Africa, has embarked on a significant drilling operation at its Anchois gas project situated off the Moroccan coast. The arrival of the Stena Forth drillship marks the commencement of this high-stakes venture. The operation at the Anchois-3 well is......

Morocco's Cannabis Industry Blossoms in 2024 Amidst Regulatory Overhaul

In a remarkable surge, Morocco’s National Agency for Regulation of Cannabis-Related Activities (ANRAC) has significantly increased the issuance of cannabis licenses in 2024. This development comes amidst a transformative regulatory landscape, marking a pivotal moment for the country's cannabis......

Unprecedented Surge: Moroccan-Israeli Trade Thrives Amid Gaza Conflict

In a remarkable development, trade between Morocco and Israel has skyrocketed in 2024, reaching unprecedented levels despite the ongoing conflict in Gaza. This economic boom, facilitated by the 2020 Abraham Accords, has sparked critical debates about the implications of deepening economic ties amidst......

China's Youth Face Employment Crisis as Jobless Rate Hits Record High

In a troubling development highlighting the economic challenges facing the world's second-largest economy, China's youth unemployment rate has surged to an unprecedented 17.1% in July, according to the latest data from the National Bureau of Statistics. This figure represents the highest level......

Surging Liquidity Demand in Morocco: Central Bank's Strategic Response

Morocco's Banking Sector Faces Heightened Liquidity Needs In a recent report by Morocco's central bank, Bank Al-Maghrib (BAM), July saw a notable rise in liquidity demand within the country's banking sector. The average weekly requirement soared to MAD 125.3 billion, surpassing June's......

Ethiopia’s Bold Move: Ending 50 Years of Currency Control

In a historic shift, Ethiopia has ended its half-century-long control over the birr, its national currency. Driven by unmanageable debts and dwindling foreign reserves, this decision marks a significant turning point for the Horn of Africa nation. In July 2023, Ethiopia liberalized its exchange rate......

Economic Pulse of America: Trump's Struggles and Harris's Fresh Approach in the 2024 Presidential Race

The 2024 U.S. presidential race has taken an unexpected turn, dramatically shifting the political landscape. Donald Trump, the Republican frontrunner, finds himself grappling with a changing narrative, while Kamala Harris, newly thrust into the spotlight as the Democratic candidate, brings a fresh dynamic......

Kamala Harris's Economic Tightrope: Navigating Challenges as Presidential Contender

As Kamala Harris gains momentum in the United States presidential race, surpassing Republican opponent Donald Trump in polls across five crucial swing states, economic experts are raising concerns about the potential hurdles she may encounter in implementing her fiscal agenda. The year 2025 looms as......