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Keywords: Holding
An oil rig sank off the Egyptian Red Sea coast late Tuesday, resulting in the deaths of four workers, with four others still unaccounted for. Authorities are investigating the cause of the incident, which has left several injured and sparked a search-and-rescue operation. The ADMARINE12 oil rig, owned......
Sheikh Ammar Hamid Rashid Al Nuaimi, Crown Prince of the Emirate of Ajman, has launched a new investment initiative in Morocco by establishing a holding company named Frame Holding, according to Médias24. The new company is based on Jean Jaurès Street in Casablanca and was founded on April......
Forbes Middle East has unveiled its “Top 100 Arab Family Businesses 2025” list, highlighting the prominence of three Moroccan family enterprises among the most influential in the Arab world. This recognition underscores the growing impact of Moroccan businesses on the regional economic landscape. The......
In a significant move for Morocco's electric vehicle (EV) landscape, Chinese manufacturer Zeekr has officially entered the market through a strategic alliance with Tractafric Motors Morocco. Established in 2021 by Geely Holding Group, Zeekr is introducing two premium electric models to meet the rising......
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......
In a significant escalation of trade tensions, China has announced a 34% tariff on all imports of American goods, effective April 10. This decision follows the imposition of reciprocal tariffs by U.S. President Donald Trump, who recently announced similar duties on Chinese exports. The new tariffs from......
Italian asset management firm Azimut Holding has made a significant move into the Moroccan market by acquiring minority stakes in two subsidiaries of Red Med Capital, a prominent independent investment bank in Morocco. This strategic investment marks Azimut's inaugural foray into the Moroccan financial......
H&S Invest Holding, chaired by Moncef Belkhayat, has taken a significant step in its growth strategy by acquiring a co-controlling 25% stake in GIDNA, a Moroccan company specializing in construction and public works. This move, pending approval from the Competition Council, aims to drive GIDNA’s......
The Morocco state broadcaster SNRT is poised to consolidate its position in the national media sector through a comprehensive acquisition of major outlets within the next two months. The strategic move will see SNRT become the sole proprietor of Soread 2M and Medi1 TV, while securing an 83.6% stake in......