Economy
The long-discussed project to connect Morocco and Spain through a tunnel beneath the Strait of Gibraltar has once again returned to the center of international attention, as new developments suggest renewed political and financial interest in advancing the ambitious infrastructure plan. Spanish authorities......
China’s economy started 2026 stronger than expected, with industrial production and retail sales both exceeding forecasts in the January to February period, according to data released Monday by the National Bureau of Statistics. Industrial output rose 6.3 percent year on year during the first......
Two liquefied petroleum gas tankers have passed through the Strait of Hormuz heading to India as Asian governments scramble to manage a widening energy crisis triggered by the United States and Israeli war with Iran and the disruption of shipping through the critical waterway. The conflict has sharply......
Japan began releasing strategic oil reserves on Monday as part of what the International Energy Agency described as the largest coordinated drawdown of emergency stockpiles in its more than 50 year history. The move forms part of a joint effort by 32 countries to counter the supply shock triggered by......
The ongoing conflict involving the United States, Israel and Iran is revealing critical vulnerabilities in the global semiconductor industry as disruptions linked to the blockade of the Strait of Hormuz threaten energy supplies and essential chemical inputs used in chip manufacturing. As the war enters......
Gold traded near the $5,000 per ounce mark on Monday as the United States and Israel conflict with Iran entered its third week, while rising oil prices complicated expectations for interest rate cuts by the Federal Reserve and limited the metal’s upward momentum. Spot gold edged up about 0.1 percent......
The effective closure of the Strait of Hormuz has pushed global oil tanker freight rates to unprecedented levels, reshaping maritime trade and delivering exceptional profits for shipping companies that positioned themselves ahead of the crisis. Daily charter rates for very large crude carriers, or VLCCs,......
Bitcoin climbed sharply during Asian trading on Sunday, testing the $74,000 level as escalating tensions in the Middle East and surging oil prices pushed investors toward cryptocurrencies as a hedge against geopolitical uncertainty. Other major digital assets also posted strong gains, allowing the broader......
The Moroccan government has launched the “IDMAJ” program to improve access to the labor market for young people without academic qualifications. Announced Friday in Rabat by Younes Sekkouri, Minister of Economic Inclusion, Small Business, Employment, and Skills, the initiative aims to provide......
A Japanese company specializing in port equipment has begun installing advanced protection systems at the Nador West Med port complex, one of Morocco’s most ambitious infrastructure projects. ShibataFenderTeam is responsible for supplying and installing devices designed to protect docks and secure......
Morocco’s blueberry sector is facing an unusual season this year as climate disruptions and increasing global competition reshape the timing of the harvest and the dynamics of international trade. Traditionally, Morocco occupies a strategic window in the global blueberry market. The country’s......
Tensions in the Middle East continue to escalate as Iranian officials warn of potential retaliation if the country’s energy infrastructure becomes a target of military strikes. Iran’s foreign minister, Abbas Araghchi, stated that Tehran would respond firmly to any attack on its energy facilities.......
The Moroccan dirham weakened against major currencies during the first week of March, according to weekly indicators released by Bank Al-Maghrib. Between March 5 and 11, the dirham depreciated by 0.5% against the Euro and 0.8% against the United States dollar,......
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