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Nissan has halted new US orders for Mexican-built Infiniti SUVs amid rising trade tensions. The Gulf Cooperation Council (GCC) faces a 10% US tariff, impacting sectors like electronics and automobiles, while oil exports remain exempt. Regional equity markets reacted negatively, with declines across most indices, reflecting concerns over indirect effects on key industries.
Japanese stocks are poised for their largest weekly decline since 2020 amid tariff concerns, as Gulf Cooperation Council nations face a 10% US tariff under Trump's new trade policy. While oil exports remain exempt, sectors like aluminum and petrochemicals may suffer from rising costs and supply chain disruptions. Regional equity markets reacted negatively, with significant declines in the UAE, while Qatar's indices showed resilience, reflecting its diversified economic positioning.
Gulf Cooperation Council (GCC) nations face a 10% US tariff under new trade policies, impacting sectors like aluminum and petrochemicals, while oil exports remain exempt. Regional equity markets reacted negatively, with declines in most GCC indices, except Qatar, which saw gains. Analysts warn of rising costs and supply chain disruptions, urging GCC businesses to diversify trade relationships and strengthen compliance to mitigate risks.
Société Générale Maroc has undergone a significant transition with its acquisition by the Saham Group, marking the end of Société Générale's presence in Morocco. Despite a 41.61% drop in net income to 795 million dirhams due to exceptional charges, the bank reported strong business activity, with deposits rising by 8.94% to 80.1 billion dirhams and outstanding loans at 93.9 billion dirhams. The bank maintains robust prudential ratios, positioning itself for future growth under new ownership.
Société Générale Maroc, in collaboration with IBM and PowerM, is modernizing its infrastructure by adopting a microservices architecture, which enhances digital service reliability and accelerates innovation. This transformation aims to improve customer engagement and streamline IT management through better observability and security. The integration of IBM Cloud Pak solutions is pivotal in enabling the bank to develop new APIs and dynamic digital services, positioning it as a forward-thinking institution ready to meet evolving market demands.
Mediterrania Capital IV has secured an additional $16.3 million from DEG, increasing its total investment to $27 million. This funding will enhance the fund's operational reach and support its strategy of investing in mid-sized companies across North and West Africa, focusing on sectors like healthcare and fintech. The fund has already made significant investments in Moroccan companies, including Laprophan and Cash Plus, reflecting its commitment to fostering growth in the region.
Barclays has raised Veolia Environnement's price target, citing increased valuation potential in Europe. The company, a global leader in environmental management, generates net sales primarily from water-related services (40.4%), waste management (35%), and energy services (24.6%). Geographically, its sales are concentrated in France (19.7%), the U.S. (10.9%), and several European countries, among others.
The UK has lifted import restrictions on animals and animal products from Germany, allowing fresh meat and meat products to be exported again following the foot-and-mouth disease outbreak. Federal Agriculture Minister Cem Özdemir praised the swift actions taken to combat the disease, marking a significant reopening of a key export market for Germany's agricultural sector. This decision follows similar moves by Morocco and the reopening of markets in China and Malaysia for heat-treated dairy products.
African startup funding dropped sharply from 406 in 2023 to 200 in 2024, marking a second consecutive year of decline amid a global capital shortage. Despite this downturn, the "Big Four" tech hubs—Nigeria, Egypt, Kenya, and South Africa—continued to attract the majority of investments, while fintech funding also saw a decline. However, signs of recovery emerged in late 2024 and early 2025, offering hope for improved funding prospects.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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