Economy
Freight costs for transporting crude oil from the Middle East surged to their highest level in six years as exporters accelerated shipments while tensions escalate between the United States and Iran. The cost of chartering a very large crude carrier capable of carrying two million barrels from the Persian......
Europe's reliance on liquefied natural gas from the United States and Russia surged to nearly 80 percent in January 2026, per Kpler analytics data, alarming European officials over the bloc's failure to diversify suppliers despite years of post-Ukraine invasion efforts. The United States accounted......
Morocco and Saudi Arabia have formalized an executive program to deepen their partnership in renewable energies and energy efficiency. This agreement builds on recent discussions held in Riyadh during the International Mining Conference from January 13 to 15, 2026. The initiative targets the advancement......
Morocco’s Industry Minister, Ryad Mezzour, highlighted the country’s remarkable industrial transformation over the last 20 years at the 21st UN Industrial Development Organization (UNIDO) conference held yesterday in Riyadh, Saudi Arabia. His address underscored Morocco’s advancements......
Saudi Arabia's Tadawul All Share Index experienced a modest increase on Tuesday, climbing by 47.67 points, or 0.43 percent, to close at 11,098.80. The overall trading volume reached SR4.32 billion (approximately $1.15 billion), with 120 stocks advancing while 132 saw declines. The MSCI Tadawul Index......
Economic cooperation between Saudi Arabia and the United States is expanding across diverse sectors, including traditional and renewable energy, advanced technology, artificial intelligence, and cloud computing. This partnership aims to drive growth and investment, with deepening coordination in cybersecurity,......
Saudi Arabia’s ambassador to the United States, Princess Reema bint Bandar, has described the relationship between Riyadh and Washington as the strongest it has ever been, urging global investors to view the Kingdom as a gateway to the Middle East. Speaking at the America Business Forum in Miami,......
Morocco’s Minister of Industry and Trade, Ryad Mezzour, and Saudi Arabia’s Minister of Investment, Khalid Al-Falih, reaffirmed on Monday in Rabat their commitment to deepen industrial and trade collaboration between the two nations. Speaking to the press after their meeting, Mezzour emphasized......
Morocco continues to assert itself as one of the leading startup ecosystems in the MENA region, maintaining its top-four position in August 2025, even as regional startup funding saw a significant contraction. According to Wamda, investment across the MENA region dropped sharply by 57%, falling from......
Saudi Arabia’s nearly $1 trillion sovereign wealth fund, the Public Investment Fund (PIF), announced that artificial intelligence and automation now underpin “every layer” of its operations. This integration is not only reshaping the fund’s investment strategies but also reflecting......
Aramco, the world's largest oil exporter and cornerstone of the Saudi economy, continues to see declining profits for the tenth consecutive quarter since its record highs in late 2022. The company's net income fell from $29.07 billion to $22.67 billion, largely due to “lower crude oil,......
Saudi Arabia has implemented a new classification system for expatriate work permits, aiming to enhance labor market efficiency, attract international talent, and align with the Kingdom’s Vision 2030 objectives. The initiative, announced by Minister of Human Resources and Social Development Ahmed......
The Moroccan Government Council recently reviewed two pivotal cooperation agreements signed with Saudi Arabia, signifying a significant advancement in judicial collaboration between the two nations. Signed on November 13, 2024, in Riyadh, these agreements were presented by Morocco’s Minister of......
