Keywords: Business


Elon Musk’s fortune falls below $800 billion after Starship launch setback

Elon Musk’s personal fortune has fallen below the $800 billion mark following another setback involving Starship, the next-generation spacecraft developed by his aerospace company SpaceX. According to the Bloomberg Billionaires Index, Musk’s wealth dropped by approximately $40.7 billion......

Saudi Arabia's Helicopter Company signs agreement with Bombardier for up to 60 business jets

Saudi Arabia's The Helicopter Company (THC) has signed a letter of intent with Canadian aircraft manufacturer Bombardier for a potential fleet of up to 60 business jets, marking a major expansion plan for private aviation services in the Kingdom and the wider region. The agreement, announced at......

Intel prepares another round of layoffs as it restructures its data center business

Intel is preparing another round of workforce reductions as the US semiconductor giant moves forward with a broad restructuring aimed at improving efficiency and strengthening its competitive position in the technology sector. The latest cuts are expected to affect the company’s data center division,......

Morocco records more than 42,900 new businesses in first five months of 2026

Morocco's entrepreneurial ecosystem continued to expand during the first five months of 2026, with new official figures showing sustained business creation across the country. The latest data from the Moroccan Office of Industrial and Commercial Property (OMPIC) indicate that commercial activity......

3M raises annual profit outlook as industrial business drives recovery

US industrial conglomerate 3M has raised its full-year profit forecast, citing stronger-than-expected performance in its core industrial activities, ongoing cost-control efforts and pricing strategies that have helped protect margins in a challenging economic environment. The company announced Tuesday......

Morocco faces AI-driven challenge to move up the offshoring value chain

Morocco is emerging as a competitive destination in the global outsourcing industry, but the rapid development of artificial intelligence is putting increasing pressure on the country to upgrade its skills, business practices and technology capabilities. The Kingdom ranks 19th among 25 major outsourcing......

BP agrees to sell Austrian mobility and EV charging businesses as part of portfolio shift

Energy giant BP has agreed to sell its Austrian mobility, convenience and electric vehicle (EV) charging operations to Volenergy AG, as the company continues efforts to streamline its business portfolio and refocus investment priorities. The transaction, announced on Monday, includes BP-branded retail......

SRM reports lower second-quarter 2026 results as construction slowdown weighs on activity

Société de Réalisations Mécaniques (SRM) reported weaker financial indicators for the second quarter of 2026, impacted mainly by slower activity in its construction and public works division, while its industrial segment continued to show strong momentum. The Moroccan company......

Netflix expands beyond streaming as investors react to slower revenue growth

Netflix faced a sharp decline in its share price after releasing its second-quarter 2026 financial results, despite reporting higher profits and continued revenue growth. Investors responded cautiously as the company's sales expanded at a slower pace than expected, raising concerns about future growth......