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Morocco’s Annual Inflation Slows to 1.6% in March

A cargo ship crosses the Gibraltar Strait near Tangier Med Port, Morocco, Sunday, April 20, 2025. (AP)
A cargo ship crosses the Gibraltar Strait near Tangier Med Port, Morocco, Sunday, April 20, 2025. (AP)
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Morocco’s Annual Inflation Slows to 1.6% in March

A cargo ship crosses the Gibraltar Strait near Tangier Med Port, Morocco, Sunday, April 20, 2025. (AP)
A cargo ship crosses the Gibraltar Strait near Tangier Med Port, Morocco, Sunday, April 20, 2025. (AP)

Morocco's annual inflation, measured by the consumer price index, eased to 1.6% in March, from 2.6% a month earlier, Morocco's statistics agency said on Tuesday.

Food inflation dropped to 2.2% in March, from 4.6% in February, while non-food inflation was stable at 1.1%.

Core inflation, which excludes more volatile goods, was up 0.5% month-on-month and 1.5% year-on-year.

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Mawani Adds FRS1 Shipping Service to Jeddah Islamic Port, Boosts Global Connectivity

Mawani Adds FRS1 Shipping Service to Jeddah Islamic Port, Boosts Global Connectivity
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Mawani Adds FRS1 Shipping Service to Jeddah Islamic Port, Boosts Global Connectivity

Mawani Adds FRS1 Shipping Service to Jeddah Islamic Port, Boosts Global Connectivity

The Saudi Ports Authority (Mawani) announced the addition of CStar Line's new Far East-Red Sea service (FRS1) to Jeddah Islamic Port to enhance the port's competitiveness, expand its maritime network, boost operational efficiency, and solidify its position as a strategic logistics hub on the Red Sea.

The FRS1 service connects Jeddah Islamic Port to five regional and international ports: Ningbo, Shanghai, and Nansha in China; Aqaba in Jordan; and Ain Sokhna in Egypt.

According to SPA, it has a capacity of up to 2,000 TEUs.

This move is part of Mawani's efforts to improve the Kingdom's ranking in global performance indicators and support national export activity.

It aligns with the National Transport and Logistics Strategy, which aims to establish Saudi Arabia as a global logistics center and a hub connecting three continents.