Economy
Ceuta is facing growing economic pressure after the mass border crossing crisis at the end of July caused significant disruption to trade, tourism, hospitality and transport, with the financial impact continuing to weigh on businesses and public authorities. Private companies in the Spanish-administered......
South Korea’s economy continued to show signs of improvement, supported by strong exports and growing investment in artificial intelligence infrastructure, according to the Korea Development Institute’s latest economic assessment. The institute said economic activity was increasingly being......
The Panama Canal is facing renewed pressure from water shortages as drought and declining rainfall levels force authorities to introduce additional measures aimed at preserving the water resources needed to keep the strategic waterway operating. The Panama Canal Authority has moved to reduce the number......
Commercial shipping activity through the Strait of Hormuz has fallen sharply in recent days, highlighting growing concerns over maritime security and the potential impact of escalating tensions on one of the world's most important energy corridors. Shipping data showed that an average of only 10......
Global fuel oil markets are facing the prospect of a significant supply shortage in the third quarter as disruptions linked to the war in the Middle East encourage refineries to prioritize higher-demand products such as diesel, gasoline and jet fuel. Energy consultancy Energy Aspects estimates that......
Goldman Sachs has warned that crude oil prices could surge to as much as $120 a barrel if attacks on commercial vessels in the Middle East intensify, highlighting the growing risks facing global energy markets amid mounting geopolitical tensions. Dan Struyven, co-head of Global Commodities Research......
The dirham experienced a slight decline against major currencies during the last week of August. According to data from Bank Al-Maghrib (BAM), the national currency depreciated by 0.9% against the US dollar and by 0.2% against the euro between August 27 and September 2, 2026. This development comes as......
Maghreb Steel continues its growth trajectory in the first half of 2026. The Moroccan steelmaker recorded an improvement in its sales and revenue, driven notably by stronger activity in the domestic market. Increased Volumes in the Second Quarter The momentum was particularly confirmed between April......
Auto Hall confirms the attractiveness of its financing operation. The group announced the successful closure of its cash capital increase, with subscription amounts significantly exceeding the initially planned envelope. Validated by the Moroccan Capital Market Authority (AMMC) on July 15, 2026, under......
Fitch Ratings has removed Qatar from its negative watchlist while maintaining the country’s sovereign credit rating at AA, citing a reduction in risks to its liquefied natural gas infrastructure since March. The rating agency nevertheless kept Qatar’s outlook at negative, reflecting continued......
Morocco welcomed 14.1 million tourists between January and the end of August 2026, marking a 4.5% increase compared with the same period a year earlier, according to the Ministry of Tourism, Handicrafts and Social and Solidarity Economy. The latest figures represent an additional 608,000 visitors compared......
Indian engineering group Suprajit Engineering is expanding the strategic role of its industrial operations in Morocco as part of a broader restructuring of its European manufacturing network. The group has progressively shifted part of its production from Poland to Tangier, while also relocating industrial......
The disruption of Russian gas supplies to Europe and growing uncertainty over energy flows through the Strait of Hormuz have delivered a major shock to the global economy, International Energy Agency (IEA) Executive Director Fatih Birol said on Friday. Speaking to journalists in Istanbul during the......
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