Search Site

Trends banner

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

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.