Economy
South Korea is preparing to significantly diversify its energy supply chains, with the government aiming to reduce its dependence on crude oil from the Middle East to 50% or less by 2035. The strategy forms part of Seoul’s first comprehensive long-term resource security plan, developed in response......
Government bond yields across major markets moved lower on Tuesday as easing energy prices and renewed hopes for diplomatic progress in the Middle East reduced some of the inflation concerns that had weighed on fixed-income markets in recent weeks. The move followed a period of sharp increases in sovereign......
Hiring in the US private sector has shown signs of a modest recovery, with companies adding an average of around 20,000 jobs per week during the four weeks through September 5, according to the latest data from payroll processor ADP. The four-week moving average, designed to smooth out weekly fluctuations......
Global inflation is expected to accelerate in 2026 before easing slightly the following year, according to projections cited by Bank Al-Maghrib, as price pressures remain a concern across several major economies. The Moroccan central bank expects the global inflation rate to rise from 2.9% in 2025 to......
Commercial shipping through the Strait of Hormuz remained significantly below its recent average on Tuesday, while traffic through the Bab el-Mandeb Strait stayed closer to normal levels, according to preliminary vessel-tracking data. Three commodity-carrying vessels were recorded transiting Hormuz......
Gas storage facilities across the European Union have passed the 70% filling mark, but inventories remain significantly below levels typically recorded at this point of the year, highlighting the challenges facing the bloc as it prepares for the 2026–2027 heating season. Data from Gas Infrastructure......
Morocco is emerging as one of the most cost-competitive locations in the global automotive industry, with a new analysis by consultancy Oliver Wyman identifying the country as the world’s lowest-cost market for automotive labor per vehicle in 2024. The study, titled “Getting Under the Hood......
Morocco is entering a new phase in the development of its railway system, with the National Railways Office (ONCF) pursuing an ambitious programme designed to reshape mobility across the country by 2030. Officially launched on April 24, 2025, in Rabat by King Mohammed VI, the programme combines the......
Morocco’s plans to expand its natural gas infrastructure are attracting increasing attention from American companies, as the Kingdom seeks international technology and commercial partnerships to advance several major energy projects. Italian news agency Agenzia Nova reported on September 21 that......
The University of Sherbrooke in Quebec has awarded an honorary doctorate to Moroccan businessman and former Industry and Commerce Minister Moulay Hafid Elalamy, recognizing a career that has remained closely connected to the Canadian institution where he began his higher education. The distinction was......
NTN Europe and OCP Maintenance Solutions have entered into a strategic partnership aimed at bringing artificial intelligence-powered predictive maintenance to industrial operators across Europe. The agreement was signed on September 21 in El Jadida, Morocco, bringing together NTN Europe’s expertise......
The Casablanca-Settat region is stepping up efforts to improve access to drinking water in rural communities through a major infrastructure programme being implemented by the Société Régionale Multiservices (SRM) Casablanca-Settat in partnership with the regional authorities. The......
The Casablanca-based Observatoire Social has launched the African Social Progress Index (IAPS), a new framework intended to provide a broader reading of social progress across the continent while inviting African institutions and experts to help shape its development. Presented as an initiative designed......
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