INSEAD Day 4 - 728x90

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.

flydubai Aleppo flights resumed

The flights were resumed after nearly 14 years.

Morocco truckers observe strike to protest soaring fuel price

Inflation, spurred by rising global commodities prices, topped three percent year-on-year in January, prior to Russia's invasion of Ukraine.
  • Around three quarters of drivers are observing the strike, said Mounir Benazouz of the SNPTR truckers' union
  • The government of Prime Minister Aziz Akhannouch has for weeks been facing growing unrest over mounting living costs

Moroccan truck drivers are observing a three-day strike in protest at spiraling fuel costs, a union said Tuesday, as oil prices spike over Russia’s war in Ukraine.

Around three quarters of drivers are observing the strike, said Mounir Benazouz of the SNPTR truckers’ union.

Four other unions have also joined the action which ends Wednesday.

“We are calling on the government to put a ceiling on fuel prices and the profit margins of distributors, because the situation is becoming more and more critical,” Benazouz said.

He added that the strike could be extended unless the government responds.

The transport ministry did not immediately reply to AFP’s request for comment.

The government of Prime Minister Aziz Akhannouch has for weeks been facing growing unrest over mounting living costs, with price hikes on fuel and other essential goods sparking demonstrations across the North African kingdom.

Inflation, spurred by rising global commodities prices, topped three percent year-on-year in January, prior to Russia’s invasion of Ukraine.

Moroccan farmers are also suffering the effects of a long drought which has battered a sector that contributes about 14 percent of gross domestic product.