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.