INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

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
RabatMorocco– 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.