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Economy
Shell has officially canceled plans to build one of Europe’s largest biofuel facilities in Rotterdam, marking a significant retreat from renewable fuels. The decision reflects challenging market conditions and a broader strategic pivot toward fossil fuel investments. The British energy giant announced......
Long-term government borrowing costs have climbed to their highest levels in decades across major economies, driven by rising fiscal concerns and inflation fears that are reshaping bond markets. Japanese 30-year bond yields reached a record 3.28% on Wednesday, while UK gilt yields soared to levels unseen......
The European Commission has formally submitted the EU-Mercosur trade agreement for ratification, signaling a critical step in the world's largest proposed free trade pact. This development comes amidst signs of softening opposition from France, traditionally one of the deal’s most vocal critics.......
Egypt is preparing to host the first-ever Ai Everything Middle East & Africa (MEA) event from February 10 to 12, 2026. The event will bring together global leaders in artificial intelligence (AI), tech companies, startups, and investors to foster collaboration and showcase cutting-edge AI technologies. Egypt’s......
The price of gold surged to an unprecedented $3,516 per ounce on Tuesday, propelled by mounting economic uncertainty that drove investors away from equities. The precious metal briefly hit $3,516.31 during Asian trading before settling near $3,508.50, marking a significant milestone in its continued......
A whirlwind tour of Africa by Sheikh Mansour bin Jabr bin Jassim Al Thani has drawn global attention due to the unprecedented scale of his financial commitments. The Qatari sheikh, a member of Qatar’s ruling family, has announced over $100 billion in investment promises across six African nations,......
The European Bank for Reconstruction and Development (EBRD) has announced the appointment of Haytham Eissa as its new head in Morocco, succeeding Antoine Salle de Chou. Based in Casablanca, Eissa will oversee the bank’s investments and operations across the country. Commitment to Morocco's......
The discovery of high-grade gold veins in Guelmim, southern Morocco, marks a significant milestone in the country’s mining sector. Fieldwork has identified 34 quartz veins with exceptional gold content, positioning Guelmim as a potential hub for one of North Africa’s most promising gold deposits. High-grade......
Syria has exported 600,000 barrels of heavy crude oil from the port of Tartus, marking its first official oil shipment in 14 years. This historic development follows the lifting of U.S. sanctions in June, after the removal of former President Bashar al-Assad in December 2024. The move signifies a critical......
Morocco’s economy expanded by 3.7% in 2023, showcasing resilience amid global challenges. However, a new report by the High Commission of Planning (HCP) reveals that the benefits of this growth were not evenly distributed across the country, with significant regional inequalities persisting. The......
Abdellatif Jouahri, Wali of Bank Al-Maghrib (BAM), has been recognized as one of the world’s leading central bank governors in the 2025 Central Banker Report Cards by the prestigious American financial magazine Global Finance. Jouahri received an “A” rating, placing him in an elite......
Morocco has emerged as a leading player in Africa's renewable energy landscape, ranking as the continent’s fourth-largest importer of solar panels from China. A new report highlights the country’s dedication to achieving its renewable energy targets, reinforcing its global reputation......
Morocco’s OCP Group, the world’s leading exporter of phosphates and fertilizers, has reported impressive financial growth for the second quarter of 2025, reflecting its pivotal role in global agriculture. Strong revenue growth OCP recorded revenues of MAD 30.57 billion (approximately $3......
