Economy
The government of France has officially published in the Journal Officiel the details of a new €50 fuel allowance designed to support low-income workers who travel long distances for work. The measure aims to ease the financial pressure caused by persistently high fuel prices. The scheme targets......
Two months into the largest oil supply disruption on record, the global energy crisis escalates as U.S.-Israel-Iran war effects deepen. Crude prices hold above $100 per barrel while strategic reserves deplete fast. Governments brace for forced demand rationing as fuel stocks melt away. The International......
The Strait of Hormuz closure blocks 20% of global oil and comparable liquefied natural gas flows, sparking the modern era's largest energy disruption. Asian governments ration fuels, revive coal power, and fast-track nuclear plans. Western oil majors post surging profits as supplies dwindle. The......
Attijari Payment and Africa-Exchange signed a partnership agreement on April 28 in Casablanca to accelerate electronic payment adoption in Morocco's currency exchange sector. The deal targets manual foreign exchange operations and currency transactions handled by Africa-Exchange, an economic interest......
UnionPay International has officially obtained Casablanca Finance City status for its Morocco branch, formally establishing the country as the Chinese payment network's regional headquarters for financial services across Africa. The company confirmed the designation in a press release issued Tuesday,......
Morocco is preparing to launch a fundraising effort to support the construction of a $25 billion gas pipeline linking Nigeria to Morocco, a project designed to strengthen regional energy integration and expand supply routes to Europe. The initiative will be led by National Office of Hydrocarbons and......
Brent crude slipped below 110 dollars a barrel on Thursday, pulling back from a brief spike above 120 dollars the previous day, one of the most volatile stretches on oil markets since the start of the Strait of Hormuz crisis two months ago. The sharp moves underscore a market caught between fears of......
Plans for a fixed link between Spain and Morocco through the Strait of Gibraltar continue to advance in feasibility studies, but new reports underline major technical, financial and regulatory obstacles that could delay the project well beyond initial expectations. The infrastructure is designed to connect......
Morocco’s Tanger Med Group closed 2025 with consolidated revenue of 13 billion dirhams, marking a 16 percent increase from the previous year. The growth reflects sustained performance across its core sectors, including port operations, logistics, industrial zones, and services. At the center of......
A surge in oil prices triggered by the conflict involving Iran is driving an unprecedented acceleration in the global transition to renewable energy, according to the United Nations’ top climate official. The sharp rise in fossil fuel costs is reshaping energy strategies worldwide, as governments......
China’s manufacturing sector expanded in April despite a global energy crisis triggered by escalating geopolitical tensions and disruptions to maritime routes. Official data showed industrial activity continuing to grow, supported by a domestic energy system heavily reliant on coal, which has insulated......
Italy recorded slight economic growth in the first quarter of the year, according to preliminary data released by the national statistics institute. The performance exceeded some expectations but remains fragile amid rising global uncertainties. Gross domestic product (GDP) increased by 0.2% compared......
Canada has announced that it will host a new multilateral financial institution aimed at supporting defence and security investments among allied countries. The initiative is designed to help nations strengthen their military capabilities amid rising geopolitical tensions. The proposed institution,......
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