Keywords: Business


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......

Sodexo secures global Meta catering contract across more than 130 sites

French food services and facilities management company Sodexo has won a major global contract to provide catering services across Meta's international operations, marking one of the largest commercial agreements in the company's history. The partnership covers more than 130 Meta locations in......

PSG nears new long-term Nike partnership worth more than €100 million per year

Paris Saint-Germain (PSG) is reportedly close to signing a new long-term partnership with Nike, with negotiations pointing to a contract worth more than €100 million per season. If finalized, the agreement would become one of the most lucrative kit sponsorship deals in world football. The proposed......

German retailers face growing pressure as rising costs weaken business outlook

Germany’s retail industry is entering a period of increasing uncertainty as companies struggle with rising operating costs and fragile consumer demand. Retailers across the country are reporting weaker business conditions, with higher expenses for energy, labour and procurement reducing profit......