Economy
Indonesia has marked a historic moment in its monetary history after parliament formally approved the appointment of Destry Damayanti as governor of Bank Indonesia, making her the first woman to hold the institution’s top position. The 62-year-old economist was confirmed during a plenary session......
Construction spending in the United States declined unexpectedly in July, according to data released by the U.S. Department of Commerce, signaling weaker activity across parts of the sector despite expectations for a modest increase. Total construction spending fell 0.5% during the month to an annualized......
The economic and social consequences of climate change are intensifying across countries every year, with no nation remaining fully protected from the effects of a warming planet, according to Simon Stiell, executive secretary of the United Nations Framework Convention on Climate Change. Speaking at......
Global financial markets came under renewed pressure on Tuesday as the escalation of military tensions in the Middle East sent energy prices higher and revived concerns over inflation, borrowing costs and the outlook for the world economy. The latest market movements followed new US strikes against......
Dakhla Airport recorded strong growth in passenger traffic during the first seven months of 2026, with the number of travelers rising by 10.94% compared with the same period last year, according to data released by Morocco’s National Airports Office. The airport handled 210,653 passengers between......
Morocco’s automotive exports continued their strong growth during the first seven months of 2026, reaching 107.14 billion dirhams by the end of July, according to the latest data from the country’s Foreign Exchange Office. The figure represents a 14.9% increase compared with the same period......
The rapprochement between Morocco and South Korea is taking on a new dimension. By 2026, the Kingdom is among the seven partners identified by Seoul to engage in new trade discussions, as part of a strategy aimed at diversifying its markets and strengthening the resilience of its supply chains. This......
Remittances sent by Moroccans living abroad continued to grow during the first seven months of 2026, providing an important source of foreign currency for the Moroccan economy. According to the latest figures released by Morocco’s Foreign Exchange Office, transfers from Moroccans residing abroad......
Tangier Med Port has significantly reduced the average time vessels spend waiting to berth, with the median waiting period falling to less than seven hours during the final week of August 2026. The improvement comes as the Moroccan port continues to handle growing volumes of maritime traffic and cargo. Data......
Russia is stepping up efforts to transform the Arctic into a major international trade corridor, betting on the Northern Sea Route to strengthen its position in global shipping and expand commercial links with China and other Asian economies. The strategy comes as international interest in Arctic shipping......
Morocco recorded a notable increase in tourist arrivals from Azerbaijan during the first half of 2026, highlighting the growing momentum in tourism ties between the two countries. According to available statistics, 1,427 Azerbaijani tourists visited Morocco between January and June 2026, compared with......
The United States' Strategic Petroleum Reserve has fallen to its lowest level in more than four decades, according to the latest data released by the U.S. Department of Energy. The reserve held approximately 286.6 million barrels on August 28, marking its lowest recorded level since November 19,......
The U.S. Federal Trade Commission (FTC), joined by attorneys general from 22 states, has filed a lawsuit against Amazon, accusing the e-commerce giant of secretly increasing the prices businesses pay for advertising on its platform. According to the complaint, Amazon allegedly altered its advertising......
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