Economy
The European Bank for Reconstruction and Development has lowered its growth forecast for the economies in its coverage area for 2026. The institution now expects aggregate expansion of 3.1 percent, a decline of 0.5 percentage points compared with its February projection. The revision reflects the economic......
Aya Gold and Silver has announced new high grade silver intercepts from its Zgounder mine in Morocco. The results come from an ongoing drilling program focused on deeper exploration zones and areas surrounding current mining operations. The company said the findings reinforce the continuity of mineralization......
Russia plans to produce between 480 and 500 tonnes of gold in 2026, according to official projections from the country’s natural resources authorities. Estimates for 2025 place output at 480 to 485 tonnes. If confirmed, these figures would position Russia as the world’s largest gold producer,......
Morocco’s direct housing assistance program has exceeded 105,000 beneficiaries since its launch in 2024, with young people under the age of 40 making up more than half of recipients. The initiative aims to expand access to homeownership by providing direct financial support to eligible buyers across......
Morocco is advancing a national strategy to modernize its logistics system and strengthen its role as a trade gateway between Europe, Africa and Atlantic markets. The plan focuses on digital transformation, port expansion and the creation of new maritime routes to improve the speed and efficiency of......
Morocco is using preparations for the 2030 FIFA World Cup as a driver of economic transformation, aiming to attract investment, accelerate technology transfer, and expand industrial capacity. The strategy builds on growing international interest, with the United Kingdom emerging as a key partner in trade......
Global equity markets advanced on Tuesday as renewed enthusiasm for artificial intelligence outweighed persistent geopolitical uncertainty linked to stalled US Iran diplomatic engagement. Europe’s STOXX Europe 600 index gained about 0.7 percent, reflecting broad investor appetite for risk assets......
Moroccan businessman Moulay Hafid Elalamy has taken 92.3 percent control of Arktika Capital AB, a Sweden based licensed credit institution focused on distressed debt. His son, Moulay Mhamed Elalamy, has been appointed chief executive officer of the company. The stake is held through a network of investment......
Grandi Navi Veloci has reinforced its maritime network linking Europe and Morocco by deploying two of its newest LNG-powered vessels on key Mediterranean routes. The move comes ahead of the summer travel peak linked to the annual operation facilitating mobility for millions of Moroccan residents in Europe......
Canada's economic outlook remains mixed as the government pursues a series of reforms aimed at strengthening long-term stability and sustainability. Prime Minister Mark Carney has acknowledged that some economic indicators may continue to fluctuate in the coming months as the country adjusts to policy......
Morocco's digital economy continues to gain momentum, with mobile payments more than doubling over the past year, reflecting the country's rapid adoption of digital financial services and its broader ambitions in technological innovation. Speaking at the third edition of Visa Fintech Day in......
Gold has surpassed U.S. Treasury securities to become the world's largest reserve asset, marking a major shift in global reserve management as central banks respond to geopolitical uncertainty and a prolonged surge in bullion prices. The European Central Bank reported that gold accounted for 27%......
As military tensions around the Strait of Hormuz entered a third month, Gulf oil-producing states intensified investments in renewable energy projects abroad. The move reflects growing efforts to reduce exposure to disruptions that have constrained hydrocarbon exports and reshaped energy priorities across......
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