النشرة الاقتصادية - 05/12/2024

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12/6/2024

مدي 1 تي في : النشرة الاقتصادية - 05/12/2024

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00:00Welcome to Economic Update.

00:11During the fifth round of the Africa Investment Forum,

00:14the Minister of Industry and Trade, Riyad Mazour,

00:17highlighted the Moroccan experience in the field of manufacturing,

00:20confirming the transformation of the national economy and the importance of strategic sectors

00:24such as food industries, cars and airplanes,

00:28as well as the renewed efforts to support sustainable industrial development.

00:32Today, Morocco is one of the largest exporters of cars in Africa

00:36with an annual production capacity of 700,000 cars,

00:40and it aims to double this capacity in the coming years.

00:44According to the government official,

00:46the Kingdom has supported this industrial growth

00:48with huge investments in infrastructure

00:51on the outskirts of the Tanger Port,

00:54which is now one of the largest transportation ports in Africa

00:58and the Mediterranean Sea basin.

01:03The Spanish Economista confirmed today

01:07that Morocco is imposing itself today

01:09as a force in the field of car manufacturing in Africa,

01:12and it is a place for it to strengthen the national overall growth of the country

01:17significantly in the coming years.

01:20It added today that thanks to its distinctive geographical location,

01:24qualified workforce, and free trade agreements,

01:27especially with Europe and the United States,

01:30Morocco imposes itself as a major player in the manufacture of global cars.

01:34It pointed out that it is more than 500,000 units,

01:39indicating that Morocco is now producing more cars than Hungary and Romania,

01:44and is approaching Poland.

01:46According to the newspaper,

01:48the French manufacturers Rhone in the White House and Tanja

01:52have produced more than 4 million cars since the start of their operations in 2005 and 2012,

01:59in addition to the fact that Citroën,

02:01another major French company,

02:03plans to produce about 100,000 cars in the country by 2027.

02:10Fitch Solutions, the leader in data, research, and loan risk analysis,

02:18and strategies, revealed a long-awaited acceleration in the national economy

02:23during the coming year,

02:25where it is expected to move from 2.6% in 2024 to 5% in 2025,

02:34which is an optimistic expectation that exceeds even the 4.6% government goal.

02:40The international institution has focused on the recovery of the agricultural sector

02:44and a sustainable external environment,

02:46in addition to a major increase in public and private investments.

02:50It is expected that private consumption,

02:52supported by the recovery of the labor market in the agricultural sector

02:55and expansionary financial policy,

02:57will play a major role in this dynamic.

03:03The right-wing extremist Marine Le Pen cooperated with a leftist group

03:07to overthrow the French government,

03:09which led the country into a long period of turmoil

03:12that is likely to exacerbate the concerns of investors.

03:16The majority of legislators in the National Assembly

03:19supported the vote against the resignation of Prime Minister Michel Barnier,

03:23which has been going on for three months

03:25in the wake of a dispute over next year's budget,

03:28which is the shortest period of a prime minister's term

03:31since the founding of the French Republic on May 5, 1958.

03:37The second-largest economy in the European Union,

03:40led investors to sell French sovereign debt,

03:44compared to what it looks like,

03:46which led to a rise in the costs of borrowing

03:49in another country, against Spain and Greece,

03:52which was traditionally considered the most dangerous.

03:59Banks are expected to reduce US oil prices

04:02to less than US$60 per barrel

04:04by mid-2020, according to Donald Trump,

04:08according to a review by his lawyer, Heinz Bohn.

04:12The US crude oil price, known as the Middle West crude,

04:16is expected to drop to US$58.62 per barrel by 2027.

04:23Trump said that he is under pressure

04:25from oil producers to increase production.

04:28He said that the prices of fuel stations will drop,

04:31even if that means that companies will dig

04:34until they are declared bankrupt, according to Trump.

04:37Crude oil prices in the United States have dropped

04:40by about 2.4% since the beginning of this year

04:43due to fears of a global surplus.

04:46Although crude oil production contracts are slowing down,

04:50high production efficiency allows them

04:53to produce more with less spending.

05:00The Bitcoin currency rose to more than US$100,000

05:03for the first time on Thursday,

05:06with expectations that the US presidential administration,

05:09elected by Donald Trump, will provide an organized environment

05:12for the cryptocurrency market.

05:14The value of Bitcoin has doubled this year

05:17and has risen by about 45% since Trump won the elections,

05:21which also led to the election of a large number of legislators

05:25in favor of encrypted currencies in Congress.

05:28It seems that the momentum to achieve more profits is strong

05:31as the currency is heading to achieve weekly earnings

05:34of more than 10% per week on average.

05:37It is also on its way to achieve the best monthly performance

05:40since February.

05:41The rise in the value of Bitcoin made it one of the biggest winners

05:45in the so-called bailouts on Trump's policy.

05:52This is the end of the economic news.

05:55Goodbye.

النشرة الاقتصادية - 05/12/2024

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