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Economy



Morocco calls for stronger south-south trade cooperation amid global trade uncertainty

Morocco has called for stronger trade cooperation among developing countries as global commerce faces growing uncertainty and increasing pressure on the rules-based multilateral trading system. Speaking in Geneva, Omar Zniber, Morocco's Permanent Representative to the United Nations Office and......

IMF warns oil prices and weak monsoon threaten India's economic growth outlook

The International Monetary Fund (IMF) has identified rising oil prices and the risk of a weak monsoon season as the two biggest threats to India's economic growth in the 2026/27 fiscal year, highlighting growing external and climate-related challenges for the world's fastest-growing major economy. According......

Sterling strengthens as John Healey takes over as UK finance minister

The British pound posted modest gains on Tuesday after John Healey was appointed as the United Kingdom's new finance minister, with investors turning their attention to the government's fiscal strategy under recently appointed Prime Minister Andy Burnham. Sterling rose 0.15% against the U.S.......

South Africa secures $1.5 billion World Bank loan to modernize key infrastructure

South Africa has secured a $1.5 billion loan from the World Bank to finance structural reforms aimed at improving critical infrastructure, reducing economic bottlenecks and supporting long-term job creation, the country's National Treasury announced on Tuesday. The financing will be directed toward......

Morocco plans major hotel expansion ahead of the 2030 FIFA World Cup

Morocco is preparing for a significant expansion of its tourism infrastructure as part of its long-term strategy for the 2030 FIFA World Cup, with plans to add approximately 60,000 new hotel beds across the country before the tournament begins. The initiative is expected to increase Morocco's accommodation......

Morocco's HCP forecasts narrower trade deficit by 2027 despite global challenges

Morocco's High Commission for Planning (HCP) expects the country's trade deficit to widen temporarily in 2026 before improving in 2027, reflecting both external economic pressures and the resilience of key domestic sectors. According to the HCP's latest economic outlook, the trade deficit......

UK Prime Minister Andy Burnham pledges cautious economic approach amid cost-of-living pressures

Newly appointed UK Prime Minister Andy Burnham has pledged to maintain a cautious approach to economic management, promising not to take unnecessary risks while seeking to ease pressure on households facing persistent cost-of-living challenges. Speaking on Monday after taking office at 10 Downing Street......

Agadir expands direct air links with Europe to strengthen its global tourism appeal

Agadir is continuing to strengthen its position as one of Morocco's leading tourist destinations by expanding its air connections with Europe. The new routes are expected to improve accessibility, attract more international visitors, and support the city's long-term tourism development strategy. Low-cost......

Morocco strengthens its position as a global aerospace manufacturing hub

Morocco continues to reinforce its reputation as one of the world's emerging aerospace manufacturing hubs, supported by sustained investment, a competitive industrial ecosystem, and growing integration into global aviation supply chains. Over the past two decades, the Kingdom has developed a comprehensive......

France's renewable energy support costs projected to approach €20 billion over 2026-2027

France is expected to allocate nearly €20 billion to support renewable energy producers over 2026 and 2027, according to new projections published by the country's energy regulator, highlighting the growing financial commitment required to accelerate the energy transition. The Commission de......

Bank of Africa launches MCM 2026 campaign to support Moroccans living abroad

Bank of Africa has launched its MCM 2026 campaign, an initiative designed to strengthen its support for Moroccans living abroad by providing tailored banking services, investment opportunities, and personalized assistance before, during, and after their visits to Morocco. Built around the slogan "Wherever......

Canada inflation eases in June as lower fuel prices provide temporary relief

Canada's inflation rate slowed more than economists anticipated in June, offering households and policymakers a short-lived reprieve as falling gasoline prices helped ease overall consumer price growth. According to newly released data from Statistics Canada, the country's annual inflation rate......

Morocco-Nigeria gas pipeline enters new phase after ECOWAS approval

The Morocco-Nigeria Gas Pipeline has reached a significant milestone after leaders of the Economic Community of West African States (ECOWAS) formally endorsed the project during the bloc's summit in Freetown, Sierra Leone. The approval marks a new stage for one of Africa's most ambitious energy......

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