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

Morocco fish production reaches 1.4 million tons in 2021

The deal bans subsidies to any vessel or operator engaged in illegal, unreported and unregulated (IUU) fishing. (AFP)
  • This remarkable performance was recorded in the three segments of fisheries: artisanal fishing, coastal fishing and deep-sea fishing
  • Artisanal fishing has benefited from the increase in the turnover of octopus due in particular to the rise in its average price by 53 percent

Morocco fisheries production has reached a record 1.4 million tons fetching the government 15 billion dirhams in 2021, an increase of 35 percent over the previous year, the Ministry of Agriculture, Fisheries, Rural Development and Water and Forests said on Friday.

This remarkable performance was recorded in the three segments of fisheries:  artisanal fishing (+66 percent), coastal fishing (+22 percent) and deep-sea fishing (+36 percent), said the Ministry.

Artisanal fishing has benefited from the increase in the turnover of octopus (74 percent of the total) due in particular to the rise in its average price by 53 percent. 

The increase of coastal fishing has resulted  from the growth in the turnover of cephalopods.

Similarly,  deep-sea fishing, was also helped by the increase in the turnover of cephalopods due to the rise in average prices of these species, said the Ministry.