Economy
Morocco has approved large-scale energy projects totaling around 3,000 megawatts during the first quarter of 2026, marking a significant acceleration in the country’s power sector expansion. The announcement was made during a parliamentary session focused on national energy policy and investment......
Morocco’s government has approved MAD 20 billion in additional budget credits to finance subsidies, support public institutions, address emergency spending, and respond to recent flood damage in northern parts of the country. The measures were presented before the Finance and Economic Development......
Lowe’s Companies Inc. has maintained its full-year financial forecast despite ongoing weakness in the U.S. housing market, which continues to affect consumer spending on home improvement projects. The company reported solid first-quarter sales that slightly exceeded market expectations, supported......
The European Union is preparing to release approximately €3.2 billion in financial assistance to Ukraine around mid-June, marking the first disbursement under a larger support package designed to stabilize the country’s public finances amid the ongoing war. European Commissioner for Economy......
Morocco’s lower house of parliament has approved a draft law aimed at reinforcing oversight and crisis management within the country’s banking sector. The legislation targets the legal framework governing credit institutions and the central bank, with a focus on improving early intervention......
Qatar’s foreign ministry has stated that maritime traffic through the Strait of Hormuz has not returned to normal levels, rejecting suggestions that the strategic waterway is reopening. The announcement highlights continued disruption in one of the world’s most critical energy corridors,......
The strong performance of Uzbekistan’s first initial public offering (IPO) in London is expected to encourage more companies to enter international capital markets, according to the head of the country’s National Investment Fund. The listing marks an important step in Uzbekistan’s ongoing......
BloombergNEF said solar power is on track to become the world’s largest source of electricity by 2032, according to its New Energy Outlook 2026 published Monday. The report forecasts that rapidly falling costs and persistent overcapacity in manufacturing will accelerate global deployment of solar......
HFI Research warned that global oil markets could enter a period of “real panic” if the Strait of Hormuz remains closed into the first week of June, as crude inventories continue falling toward critical operational levels and countries accelerate emergency stockpiling efforts. The firm said......
The government of China has reaffirmed that its export controls on rare earth minerals are legal and in line with national regulations, while also expressing willingness to cooperate with the United States on what it described as “reasonable concerns.” The statement was issued by China’s......
Bank Indonesia announced an unexpected increase in interest rates during its latest monetary policy meeting, marking the first rate hike in two years. The decision reflects the institution’s efforts to maintain economic stability and control inflationary pressures amid global financial uncertainty. The......
Employees of Commerzbank demonstrated in Germany on Wednesday to oppose the takeover attempt launched by the Italian banking group UniCredit. The protest took place ahead of Commerzbank’s annual shareholders’ meeting and highlighted growing concerns among workers about the future of the lender. Dozens......
More than 47,000 employees at Samsung Electronics are preparing to launch a large scale strike on Thursday after final wage negotiations with management failed, raising concerns over disruptions to the global semiconductor supply chain. The planned walkout could become the largest labor strike in the......
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