Search Site

Borouge 2024 net profit $1.24bn

The company said it will maintain a $1.3bn dividend for 2025.

ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.

Alpha Dhabi acquires interest in NCTH

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.

Meraas awards construction contract

The $272m contract has been awarded for Bluewaters Bay.

SIB’s 2024 profit $272m

The profit surpassed AED 1 billion for the first time in bank's history.

Moroccans protest against cost of living crisis

Consumer price inflation was 8.3 percent year-on-year in September, due in large part to surging food prices, which were up 14.7 percent. (AFP)
  • The rally, outside parliament and witnessed by AFP journalists, came after several protests already this week in Rabat and other Moroccan cities
  • Consumer price inflation was 8.3 percent year-on-year in September, due in large part to surging food prices, which were up 14.7 percent
Rabat, Morocco– A trade union close to the main Moroccan Islamist party on Sunday mobilized several hundred supporters in the capital to protest against the high cost of living.
The rally, outside parliament and witnessed by AFP journalists, came after several protests already this week in Rabat and other Moroccan cities.It was organized by the country’s main trade union, the UNTM, which is close to the Justice and Development Party (PJD).

The PJD was routed in legislative elections in September 2021, when the liberal RNI party — led by Prime Minister Aziz Akhannouch — performed well.

“Prices are rising and the government is asleep!” protesters chanted, before dispersing peacefully after about 90 minutes.

Consumer price inflation was 8.3 percent year-on-year in September, due in large part to surging food prices, which were up 14.7 percent.

Fuel prices have also risen sharply, making Akhannouch a particular target of ire, given that he is a billionaire local oil distribution baron.