MEDI1TV Afrique : JT Economie - 08/11/2024
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00:00Hello and welcome to your economic meeting on Mediain.
00:12We start in Morocco, the French Development Agency Group will invest in the Moroccan Sahara,
00:18announced by its Director General Rémi Rioux, who plans to go soon to the provinces of the South of the Kingdom.
00:24A decision comforted by the all-African approach that the AFD considers to have in common with the Kingdom.
00:31The AFD's Director General also explained that he considered the expansion of Morocco on a continental scale
00:37as a driving force to support the transition to work in the continent.
00:42In this sense, he cited the Atlantic axis to strengthen port cooperation,
00:46the commitment of Rabat for a pioneering Africa in terms of a sustainable blue economy
00:51and food security, with the launch of the AcriFinance platform carried out by the OCP Group and supported by the AFD, among others.
00:59Rioux also mentioned other models of cooperation,
01:02in particular in the field of sport or professional training,
01:06where Morocco has played a pioneering role and has carried out innovative initiatives in many African countries.
01:13Still in the Kingdom, Rabat and Niamey are looking for ways to strengthen bilateral cooperation relations.
01:20In this sense, exchanges took place on Thursday in Rabat between the head of the government, Aziz Arnouch,
01:26and the Prime Minister of the Republic of Niger, Ali Mahamane Laminezen.
01:30The two high-ranking officials thus debated perspectives of cooperation
01:35as well as issues of common interest for the two countries,
01:38and this in the presence of Nasser Borreta, Minister of Foreign Affairs of African Cooperation and Moroccans living abroad.
01:45The discussions provided an opportunity for the two parties to discuss the promising prospects
01:51of economic cooperation between the Kingdom of Morocco and the Republic of Niger.
01:56Plasta, the international news, without surprise,
01:59the Bank of England lowered this Thursday its director's rate by a quarter of a point for the second time this year,
02:06in order to reach 4.75%.
02:09The monetary institution is satisfied with a return of inflation to its objective,
02:13but fears that the new British budget will reinforce pressure on prices.
02:17The Governor of the Bank of England, Andrew Baillie,
02:20said that if the economy evolves as expected,
02:23it is likely that interest rates will continue to drop gradually.
02:28However, he reiterated the importance of not reducing rates too quickly or too much
02:33in order to keep inflation close to the 2% target set by the Bank.
02:38Inflation in the United Kingdom declined by 1.7% in September over a year,
02:43its lowest level in three years.
02:45Direction of the Middle East, the Emirates Group,
02:48the owner of the largest airline company in the Middle East,
02:52announced this Thursday a net annual benefit of more than $2 billion,
02:57a benefit carried by a strong demand despite tensions in the region.
03:01Before taxes, Dubai's Florent made record profits of around $3 billion
03:07for the first six months of the fiscal year, up 1% over a year.
03:11Emirates CEO Sheikh Ahmad bin Saeed Al Maktoum
03:15said that the prospects are positive
03:18with the arrival of new aircraft in the company's fleet
03:21and the development of its sister company, Denata.
03:25The group generated $19 billion in revenue,
03:28an increase of 5% compared to the same period in the previous year
03:32thanks to a strong demand from customers
03:34in all commercial divisions and in all regions.
03:38Chinese exports reached their highest level in 27 months,
03:43increasing by 12% in October.
03:45In detail, exports from China to the United States increased by 8%,
03:5013% to the European Union and 27% to Russia.
03:55Exports to the Association of Southeast Asian Nations
03:59increased by 16% in October compared to the same month in the previous year.
04:03As for imports, they fell by 2% in October,
04:07resulting in a commercial surplus of around $96 billion
04:11compared to $81 billion in September.
04:14These encouraging results come as the Asian giant's growth
04:19slowed in the third quarter to reach 4.6%.
04:23This is the end of this Economic Daily.
04:26Enjoy the rest of the programme on Median.