One Year on, Morocco's Quake Victims Still Wait for Homes

People ride a motorcycle past damaged buildings in the "Mellah", or Jewish quarter, in the aftermath of last month's deadly earthquake, in Marrakech, Morocco, October 15, 2023. REUTERS/Susana Vera/File Photo Purchase Licensing Rights
People ride a motorcycle past damaged buildings in the "Mellah", or Jewish quarter, in the aftermath of last month's deadly earthquake, in Marrakech, Morocco, October 15, 2023. REUTERS/Susana Vera/File Photo Purchase Licensing Rights
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One Year on, Morocco's Quake Victims Still Wait for Homes

People ride a motorcycle past damaged buildings in the "Mellah", or Jewish quarter, in the aftermath of last month's deadly earthquake, in Marrakech, Morocco, October 15, 2023. REUTERS/Susana Vera/File Photo Purchase Licensing Rights
People ride a motorcycle past damaged buildings in the "Mellah", or Jewish quarter, in the aftermath of last month's deadly earthquake, in Marrakech, Morocco, October 15, 2023. REUTERS/Susana Vera/File Photo Purchase Licensing Rights

A year after Morocco's devastating earthquake in the High Atlas mountains only some 1,000 homes out of 55,000 under reconstruction have been rebuilt, according to government figures, as thousands continue to live in tents under extreme heat in summer and freezing cold in winter.

The 6.8 magnitude earthquake, Morocco's deadliest since 1960, struck on Sept. 8, 2023, killing more than 2,900 people and damaging vital infrastructure. It destroyed many hamlets with traditional mud brick, stone and rough wood houses, specific to the Amazigh-speaking Atlas mountains.

Last week, locals at the quake's epicenter Talat N Yacoub protested over the slow pace of reconstruction, demanding more transparency in aid distribution and more investment in the impoverished area's infrastructure and social services, Reuters reported.

So far 97% of households are receiving gradual government reconstruction aid, the prime minister's office said in a statement, adding that 63,800 quake-hit families are receiving a monthly state handout of 2500 dirhams ($255).

Overall, Morocco plans to spend 120 billion dirhams on a post-earthquake reconstruction plan that includes the upgrade of infrastructure over the next five years.

Economic losses from the quake accounted for 0.24% of Morocco's GDP in 2023, or 3 billion dirhams, according to a study by the Policy Center for the New South.



Report: Arms Producers Saw Revenue up in 2023 with the Wars in Ukraine, Gaza

GROT C16 FB-M1, modular assault rifles system is seen at PGZ (Polska Grupa Zbrojna) arms factory Fabryka Broni Lucznikin Radom Poland, November 7, 2022. REUTERS/Kacper Pempel
GROT C16 FB-M1, modular assault rifles system is seen at PGZ (Polska Grupa Zbrojna) arms factory Fabryka Broni Lucznikin Radom Poland, November 7, 2022. REUTERS/Kacper Pempel
TT

Report: Arms Producers Saw Revenue up in 2023 with the Wars in Ukraine, Gaza

GROT C16 FB-M1, modular assault rifles system is seen at PGZ (Polska Grupa Zbrojna) arms factory Fabryka Broni Lucznikin Radom Poland, November 7, 2022. REUTERS/Kacper Pempel
GROT C16 FB-M1, modular assault rifles system is seen at PGZ (Polska Grupa Zbrojna) arms factory Fabryka Broni Lucznikin Radom Poland, November 7, 2022. REUTERS/Kacper Pempel

Major companies in the arms industry saw a 4.2% increase in overall revenue in 2023 with sharp rises for producers based in Russia and the Middle East, a new report said Monday.

The report by the Stockholm International Peace Research Institute, or SIPRI, said revenues from the top 100 arms companies totaled $632 billion last year in response to surging demand related to the wars in Ukraine and Gaza.

It said that “smaller producers were more efficient at responding to new demand."

By contrast, some major companies such as US-based Lockheed Martin Corp. and RTX that were involved in complex, long-term contacts registered a drop in earnings, according to The AP.

The 41 US-based arms companies among the world's top 100 saw revenues of $317 billion, a 2.5% increase from 2022, the report said.

Since 2018, the world's top five companies in the industry are Lockheed Martin Corp., RTX, Northrop Grumman Corp., Boeing and General Dynamics Corp.

Six arms companies based in the Middle East and in the world's top 100 saw their combined revenues grow by 18%, to a total of $19.6 billion.

“With the outbreak of war in Gaza, the arms revenues of the three companies based in Israel in the top 100 reached $13.6 billion,” the highest figure ever recorded by Israeli companies in the SIPRI reports, the institute said.

The slowest revenue growth in 2023 was in the European arms industry, excluding Russia. Revenue totaled $133 billion or 0.2% more than in 2022, as most producers were working on older, long-term contracts.

But smaller companies in Europe were able to quickly tap into the demand related to Russia's war against Ukraine.

Russia's top two arms companies saw their combined revenues increase by 40%, to an estimated $25.5 billion.

“This was almost entirely due to the 49% increase in arms revenues recorded by Rostec, a state-owned holding company controlling many arms producers,” the SIPRI report said.