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Economy
Alphabet shares climbed to unprecedented heights following reports that Google’s latest AI advancements and chip technology are disrupting Nvidia’s dominance in the artificial intelligence hardware space. The surge comes amid growing investor enthusiasm fueled by the......
Bank Al-Maghrib (BAM) has announced a significant reduction in the rate of counterfeit banknotes in circulation for 2024, marking a major achievement in Morocco’s ongoing efforts to combat counterfeiting. The rate dropped to 1.5 counterfeit notes per million banknotes, a considerable improvement......
Morocco’s Ministry of Tourism has announced a significant expansion of its Tourism Project Bank, which now includes over 900 initiatives spanning 60 provinces. Initially launched with 200 projects, the initiative aims to transform Morocco into a global tourism destination by fostering investment......
Morocco’s cybersecurity industry is undergoing rapid growth, driven by an escalating wave of cyber threats, widespread digital adoption, and significant public and private investments to bolster the nation’s digital infrastructure. A recent report by Ken Research titled “Morocco Cybersecurity......
Morocco has officially opened the first pan-African coffee center at the Tanger Med port complex, positioning itself as a vital link for African coffee exports to Europe, the United States, and Asia. This initiative marks a significant transformation in the coffee trade landscape, aiming to dismantle......
Russia is evaluating a rescue package for its state-owned rail company, Russian Railways, which faces an overwhelming debt burden of 4 trillion roubles ($51 billion). The company, the country’s largest commercial employer with 700,000 staff, has seen revenue decline amid a slowdown in the wartime......
Oil prices have plummeted amid growing forecasts of a historic supply surplus extending into 2027, raising concerns among investors and analysts about prolonged market imbalance. Despite geopolitical uncertainties, the market is bracing for a significant glut driven by supply outpacing demand at an unprecedented......
Serbia’s only oil refinery, operated by the Russian-majority-owned Petroleum Industry of Serbia (NIS), has stopped processing crude oil due to halted supplies caused by US sanctions. The sanctions, which took full effect on October 8 following multiple postponements, have led to banks ceasing payment......
Al Barid Bank and Taptap Send have established a strategic partnership to enhance international money transfer services to Morocco, offering a fast, secure, and cost-effective solution for the Moroccan diaspora. This collaboration enables Moroccans residing in Europe, North America, Australia, the United......
In Marrakech, the 2025 International Mining Congress & Exhibition (IMC) opened with a bold message: Africa is indispensable to the world’s future, and it is taking control of its role in the global mineral economy. The event brought together industry leaders, policymakers, and international......
Morocco has joined global maritime leaders at the 34th Assembly of the International Maritime Organization (IMO), which commenced today in London. The high-level meeting brings together representatives from member states to shape the future of the maritime sector, a critical element of the global economy. Leading......
Morocco has signed a landmark investment agreement to establish a polysilicon production plant in Tan-Tan, marking the first major industrial project of its kind in the region. With an investment of MAD 8 billion (approximately $800 million), the plant is set to boost local development and position Morocco......
Nvidia has directly confronted mounting fears of an AI bubble and questions about its financial health by distributing a detailed seven-page letter to major global shareholders. The letter, personally overseen by CEO Jensen Huang, comes in the wake of a week-long decline in Nvidia’s......