Economy
Moroccan phosphate and fertilizer behemoth OCP S.A. has demonstrated continued momentum in global capital markets, successfully securing $149.9 million through an over-the-counter tap issue. The financing move expands upon the 10.25-year tranche of the group's landmark perpetual subordinated hybrid......
Morocco and Mauritania have signed a new agreement aimed at rehabilitating and widening Mauritania’s National Road No. 4, a major route connecting Nouakchott with Nouadhibou through Kilometer 55. The agreement was concluded Monday in Rabat as part of ongoing bilateral cooperation between the two......
Oil prices moved higher on Tuesday as investors monitored the possibility of diplomatic contacts between the United States and Iran during the United Nations General Assembly meetings in New York. By 09:15 Moscow time, October West Texas Intermediate futures had gained 1.69% to trade at around $97.40......
Lockheed Martin has secured a contract worth up to $1.2 billion from the U.S. Army to produce the second increment of its Precision Strike Missile, or PrSM, strengthening the company’s position in the Army’s long-range precision fires program. The indefinite-delivery, indefinite-quantity......
German equities may prove relatively resilient to domestic political uncertainty, partly because many of the companies listed on the DAX derive a substantial share of their revenues from international markets. According to Sharon Bell, European equity strategist at Goldman Sachs, Germany’s political......
Algeria’s financial buffers are expected to come under increasing pressure over the coming years, with the International Monetary Fund projecting a substantial decline in the country’s foreign exchange reserves by 2031. The assessment comes as the IMF calls for stronger fiscal discipline,......
Nike has been removed from the S&P 100 after nearly 18 years in the major U.S. stock index, marking a significant change for the sportswear company as it continues to deal with weaker market performance, slower sales and intensifying competition. The change took effect before trading opened on September......
Egyptian businessman Kamel Abou Ali has been named at the top of Forbes Middle East’s 2026 list of the region’s leading figures in tourism and hospitality, highlighting his growing profile in one of the Middle East’s most important economic sectors. Abou Ali’s recognition reflects......
Bitcoin rose above the $85,000 mark on Monday, reaching its highest level since late January as the cryptocurrency market recorded broad gains. The move highlighted renewed buying activity in major digital assets after a period of heightened price volatility. Bitcoin gained 5.08% during the session......
The United States and China have failed to reach an agreement on extending their trade truce, leaving several key economic issues unresolved just days before Chinese President Xi Jinping is due to meet U.S. President Donald Trump in Washington. The leaders are scheduled to hold their summit on September......
Any deterioration in trade relations between the European Union and Morocco could extend beyond Moroccan exporters, placing pressure on Spanish companies that have built their businesses around the movement of goods across the Strait of Gibraltar. The port area of Algeciras, in southern Spain, is particularly......
King Mohammed VI, Amir Al-Mouminine, is presiding on Monday, September 21, 2026, over a religious vigil at the Mausoleum Mohammed V in Rabat to mark the 28th anniversary of the death of his father, the late King Hassan II. The ceremony was announced by the Ministry of the Royal Household, Protocol and......
California is preparing for a major debate over how the state should tax extreme wealth, with Proposition 40 putting a one-time levy on billionaires before voters in the November 3, 2026 election. The initiative would impose a 5% tax on certain taxpayers with assets exceeding $1 billion, with most of......
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