Morocco is advancing its renewable energy strategy with the launch of the Noor Atlas solar program, a major photovoltaic initiative developed jointly by Moroccan Agency for Sustainable Energy (Masen) and National Office of Electricity and Drinking Water (ONEE). The two institutions announced the signing......
Saudi Arabia has begun reducing oil production as the effective closure of the Strait of Hormuz fills storage facilities across the Persian Gulf, intensifying what analysts describe as the largest supply disruption in modern oil market history. The move by the world’s largest oil exporter comes......
Asian stock markets fell sharply after oil prices climbed above $100 per barrel for the first time since 2022, sending shockwaves through global financial markets and intensifying fears that the expanding conflict involving Iran could trigger stagflation. Brent crude jumped as much as 20 percent to......
The International Monetary Fund warned that the expanding conflict in the Middle East could push global inflation higher as oil prices approach $120 per barrel, adding new pressure to the world economy at a time when weak labor data in the United States is intensifying concerns about stagflation. IMF......
Stock markets across Asia fell sharply on Monday as crude oil prices jumped above $115 per barrel, heightening concerns that escalating tensions between the United States and Iran could damage the global economy. South Korea’s Kospi index dropped more than 8 percent, triggering a circuit breaker......
The French government has acquired a preferential "golden share" in the defense company LMB Aerospace following its sale to an American firm, according to a decree published in the Official Journal on Sunday. This move gives France a veto right over decisions that could affect its strategic......
Italy is exploring measures to cut fuel excise duties in response to surging energy prices, Prime Minister Giorgia Meloni said, as companies warn that the ongoing conflict in the Middle East could sharply increase costs. Excise duties in Italy, levied per litre, form a significant portion of the price......
Global food prices experienced a slight increase in February, according to the latest data from the Food and Agriculture Organization (FAO) of the United Nations. The FAO food price index reached 125.3 points, marking a 0.9% rise compared to its revised January value, though still 1.0% lower than the......
Morocco is increasingly positioning itself as one of Africa’s leading countries in the development of the green hydrogen industry, according to a recent report assessing the continent’s progress in clean energy innovation. The study highlights Morocco as one of the few “front-runner”......
Kuwait has implemented a precautionary reduction in crude oil production and refining throughput amid ongoing tensions with Iran, the Kuwait Petroleum Corporation (KPC) announced on Saturday. The move follows recent Iranian attacks against Kuwaiti territory and concerns over safe passage of ships through......
Moody’s Ratings has revised Morocco’s sovereign credit outlook from “stable” to “positive,” signaling structural improvements in the kingdom’s economic and fiscal strength. The move could pave the way for a potential upgrade of Morocco’s overall credit......
Oil prices have surged to levels not seen since 2023 following eight days of conflict in the Middle East. Investors are increasingly concerned as disruptions to oil flows from the Gulf region continue, fueled by tensions in the Strait of Hormuz. The West Texas Intermediate (WTI) benchmark closed at......
Global financial markets ended a turbulent week as surging oil prices and escalating tensions between the United States, Israel and Iran triggered widespread investor anxiety and renewed concerns about inflation. Wall Street closed sharply lower on Friday after a volatile trading session. The Dow Jones......
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