Economy
Morocco holds three-quarters of global phosphate reserves and ranks as the top exporter of phosphate-based fertilizers. Yet its ammonia production, essential for combining with phosphate to make fertilizers, relies entirely on imported natural gas. Disruptions, including the Ukraine war, have spiked......
Defense companies on Wall Street reached new record levels as the military campaign involving the United States and Israel against Iran entered its second week, driving investors toward aerospace and weapons manufacturers expected to benefit from rising global defense spending. Shares of Lockheed Martin......
Scandinavian airline SAS has introduced a temporary fare adjustment on its flights as surging jet fuel prices push airlines to pass rising energy costs onto passengers. The move comes as the war involving the United States and Israel against Iran drives crude oil prices above $100 per barrel for the......
The ongoing war involving the United States and Israel against Iran has disrupted a significant share of global energy supplies, pushing oil prices sharply higher and renewing calls worldwide to accelerate the transition toward locally produced renewable energy. Now entering its second week, the conflict......
Lebanon’s Ministry of Agriculture, in cooperation with the Ministry of Economy, conducted inspections of local markets and storage warehouses on Monday to monitor the quantities, quality, and pricing of fruits and vegetables. The move comes amid ongoing tensions in the region as the conflict between......
Agricultural markets rose sharply Monday as crude oil prices climbed above $100 per barrel, driven by the escalating conflict involving Iran and disruptions to energy supply routes. The surge in oil prices has triggered ripple effects across global food markets, increasing fertilizer costs and boosting......
Finance ministers from the Group of Seven held an emergency virtual meeting Monday to discuss a coordinated release of strategic oil reserves as global crude prices surged above $100 per barrel amid the escalating conflict involving Iran. The call, scheduled for 08:30 Eastern Time, included International......
South Korean President Lee Jae Myung has called for urgent measures to cap domestic fuel prices and implement preemptive economic actions in response to rising oil costs and market volatility caused by escalating tensions in the Middle East. During an interministerial meeting, Lee stressed the importance......
India's billionaire population climbed to 308, an increase of 24 from the previous year. The Hurun Global Rich List 2026, released Saturday, places the country third worldwide behind the United States and China. This expansion reflects sustained wealth creation amid strong economic momentum and robust......
Inflation in China accelerated in February, reaching its highest level in three years, while producer prices continued their downward trend, highlighting mixed signals within the country’s economic recovery. According to data released by the National Bureau of Statistics of China, the Consumer......
The European Bank for Reconstruction and Development has approved its new Green Economy Transition strategy (GET) for 2026–2030, aiming to mobilize at least €150 billion in green financing to accelerate climate-related investments across its regions of operation. Among the countries highlighted......
Morocco is advancing its renewable energy strategy with the launch of the Noor Atlas solar program, a major photovoltaic initiative developed jointly by Moroccan Agency for Sustainable Energy (Masen) and National Office of Electricity and Drinking Water (ONEE). The two institutions announced the signing......
Saudi Arabia has begun reducing oil production as the effective closure of the Strait of Hormuz fills storage facilities across the Persian Gulf, intensifying what analysts describe as the largest supply disruption in modern oil market history. The move by the world’s largest oil exporter comes......
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