Economy of Morocco vs. Panama

The most developed industries in Morocco are the producers of phosphates, textiles, food processing, steel, aerospace, electronics and tourism. The export share is 12.874 , and major trading partners are Spain, France, United Kingdom, Italy and India. The imports, however, are of 21.841 in the year 2007, with its partners, France, Spain, Saudi Arabia, Russia, Italy, China, United States, Japan, Brazil, India, Thailand, South Korea and Germany.

Ricardo Martinelli, a multimillionaire owner of the largest supermarket chain, has won the presidency of Panama, defeating the Social clearly Balbina Herrera, the ruling Partido Revolucionario Democratico (PRD). The Electoral Tribunal (TE) through the judge Erasmo Pinilla, he has let his victory by a call that was broadcast on television throughout the country. “The Electoral Tribunal considers that the data available to you is the winner of the elections,” Pinilla said the leader of the party Democratic Change. The official currency of the Kingdom of Morocco is the dirham, and the subdivision of 100 cents or two real traditional account. With investment from the World Bank, IMF and WTO. Economic growth, 2008 is 6.5 year, and per capita GDP amounts to about 5000.
The country’s revenues are 19.3 for agriculture, 35.5 for industry and 45.2 per service, according to data provided in 2005. Inflation is 2 points to 15 of the population lives in poverty. The percentage of active population is 20 of inhabitants.


NIR Group Expands Into New Singapore Office

Shoham Cohen, who will run the new Singapore office for the NIR Group will report directly to Corey Ribotsky, managing member of NIR headquartered in Roslyn, NY.

“Shoham has a proven track-record of growing businesses in Asia and we are confident he will do the same for us,” said Mr. Ribotsky. “His extensive local knowledge will be integral as we expand our presence.”

The NIR Group is an investment firm managing a large variety of investment strategies including direct equity investments.
Always looking for new investment opportunities, Corey Ribotsky is confident that new, expanding markets in Asia will open new possibilities for investment strategies, and Singapore is a centralized, international city which can be a springboard to the entire Asian marketplace.