Morocco Financial News

The Middle East franchisee of Starbucks has begun firing some 2,000 staff at its coffee shops across the region after the brand found itself targeted by activists during the ongoing Israel-Hamas war in the Gaza Strip

export violations including Chinese employees in China improperly downloading documents related to U.S. Defense Department programs.

Spain's prime minister has visited Morocco as the two nations reckon with a spike in migration to the Canary Islands and a Europe-wide debate and protests about agricultural regulations and imports

₹1.64 trillion for fertilizer subsidy. India already has entered into long-term agreements with Morocco, Senegal, Israel, Oman, Canada, Saudi Arabia and Jordan in the past two years as part of this playbook. Though India is moving toward gaining self-sufficiency in urea, it still depends on imports to meet its rock phosphate demand.

Pakistan High Commission in New Delhi has issued visas to the Indian Davis Cup team, including the support staff, to play the Davis Cup World Group -1 Playoff Tie between Pakistan and India. The World Group 1 play-off tie is scheduled to be played at the Islamabad Sports Complex on February 3 and 4.

United Arab Emirates and Bahrain in September 2020. Sudan normalised relations with Israel the following month and Morocco in December 2020. Negotiations between Israel and Saudi Arabia were disrupted by the war between Israel and Hamas which began in October 2023.

Earthquake of magnitude 6.2 jolts Indonesia's Irian Jaya An earthquake of magnitude 6.7 killed at least 15 people, and damaged houses and buildings in the coastal Guayas region. A strong earthquake struck Morocco in September 2023. The Al Haouz earthquake, named after the Moroccan province most impacted by the shaking, occurred on September 8 with violent tremors near its epicentre and very strong ones in the city of Marrakesh.

organisations have so far confirmed to be partners for the upcoming Vibrant Gujarat Global Summit (VGGS) 2024, the state government said on Saturday. The 10th edition of VGGS, based on the 'Gateway to the Future' theme, will be organised in Gandhinagar from January 10 to 12.

A Moroccan man is facing charges in Canada after a series of bomb threats in Ontario last month and his arrest by Belgian police, the OPP says.

Bryan Tanaka, longtime boyfriend of Mariah Carey, confirmed their amicable breakup after seven remarkable years as a couple. Tanaka, aged 40, shared a heartfelt message on Instagram expressing mixed emotions regarding their mutual decision to part ways. He conveyed deep gratitude for the cherished time spent together, acknowledging Carey's dedication to family and craft as sources of inspiration during their journey. Tanaka also expressed profound love and appreciation for Carey and her children, highlighting their enriching influence on his life.

natural disasters that left a profound impact. From the powerful Hurricane Otis striking Mexico's coast to China grappling with unrelenting monsoons and Libya facing overwhelming floods, the year unfolded with immense challenges. Turkey-Syria Earthquake: On February 6, southern Turkey had a big earthquake, measuring 7.8.

Varun Beverages Ltd, the manufacturer, bottler and distributor of PepsiCo products, which helps the American company stay nimble by keeping it free of burdens that come with manufacturing and selling FMCG goods. Steady growth of Varun Beverages in recent years, despite Covid disruptions, has made it a darling of the markets.

pop singer Mariah Carey and her boyfriend Bryan Tanaka have split after seven years of relationship. A source told 'Page Six' that Tanaka wants to have a family and that is not where she is at. While the pop diva shares 12-year-old twins Moroccan and Monroe with her ex-husband Nick Cannon, Tanaka does not have his own children. Rumors of a split began doing rounds when the Queen of Christmas went on her annual trip to Aspen, Colorado with her boyfriend. Besides, Bryan Tanaka was also missing from her 'Merry Christmas One and All!' tour that started in November at the Yaamava Resort & Casino in Highland, California.

Varun Beverages Ltd (VBL), one of PepsiCo’s largest franchise bottlers worldwide, announced the acquisition of South Africa-based Beverage Company (Bevco) along with its wholly-owned subsidiaries at an enterprise value of Rs 1,320 crore, on Tuesday. The proposed transaction is valued at an enterprise level of ZAR 3 billion (Rs 1,320 crore) and will help it expand its geographical footprint in the African market, the company said in a stock exchange filing. BevCo, which has franchise rights from PepsiCo Inc, in South Africa, Lesotho and Eswatini, manufactures and distributes licensed PepsiCo and own-branded non-alcoholic beverages in South Africa.

NEW DELHI : Biocon Biologics Ltd (BBL), a subsidiary of Biocon Ltd, on Monday announced a complete integration of the acquired Vitaris’ biosimilars business in 120 countries, a year ahead of schedule. The firm had acquired the American pharmaceutical company’s biosimilars business in November 2022.

Biocon Biologics completes integration of Viatris' biosimilar business in 120 countries Biocon Biologics on Monday said it has completed integration of the acquired Viatris' biosimilar business in 120 countries, a year ahead of schedule. The company said over 10 emerging markets along with Japan, Australia and New Zealand have transitioned in this final phase of the integration of the biosimilars business acquired from Viatris. With the completion of this significant milestone, Biocon Biologics is now a fully integrated ‘lab to market’ biosimilars company committed to serving millions of patients across the globe. Around 70 emerging markets were integrated in July, the North America business transitioned in September and the European business in November. Biocon Biologics has made several key leadership appointments, built new capabilities and infrastructure from the ground up and set up dedicated teams to address the growing needs of patients and customers through self-led and partner or distributor-led commercial models. Biocon Biologics will now have a commercial footprint across 120 countries with a direct presence in the US, Canada, Europe and 9 key emerging market countries, namely India, UAE, Saudi Arabia, Morocco, South Africa, Brazil, Malaysia, Thailand, and the Philippines.

By Ahmed Eljechtimi

(Reuters) — A British man accused of allegedly defrauding investors of nearly $100 million through a Ponzi-like scheme involving nonexistent luxury wines pleaded not guilty in a U.S. court on Saturday.

An alliance of bond investors representing $5 trillion in assets says its first study of sovereign issuers shows most of their climate pledges lack the necessary ambition.

By Tim Hepher and Giuseppe Fonte

Cipla was trading marginally higher in the early morning session on Tuesday. The Cipla stock, which opened at ₹1,199 apiece on November 28, rose 0.27% during intraday to ₹1,2020 per share. The stock surged after its European subsidiary Cipla EU successfully completed the acquisition of an additional share in Cipla Maroc SA, a joint venture based in Morocco.