Kuwait has implemented a precautionary reduction in crude oil production and refining throughput amid ongoing tensions with Iran, the Kuwait Petroleum Corporation (KPC) announced on Saturday. The move follows recent Iranian attacks against Kuwaiti territory and concerns over safe passage of ships through......
Moody’s Ratings has revised Morocco’s sovereign credit outlook from “stable” to “positive,” signaling structural improvements in the kingdom’s economic and fiscal strength. The move could pave the way for a potential upgrade of Morocco’s overall credit......
Oil prices have surged to levels not seen since 2023 following eight days of conflict in the Middle East. Investors are increasingly concerned as disruptions to oil flows from the Gulf region continue, fueled by tensions in the Strait of Hormuz. The West Texas Intermediate (WTI) benchmark closed at......
Global financial markets ended a turbulent week as surging oil prices and escalating tensions between the United States, Israel and Iran triggered widespread investor anxiety and renewed concerns about inflation. Wall Street closed sharply lower on Friday after a volatile trading session. The Dow Jones......
French quantum computing startup Pasqal has announced a major financing package of 340 million euros alongside a merger with a listed shell company, paving the way for a dual stock market listing in Paris and on the Nasdaq at a pre‑money valuation of 2 billion dollars. Half of the new funds, or 170......
As the war between the United States and Iran enters its second week, major Wall Street banks are rapidly adjusting investment strategies. Financial institutions are directing capital toward defense companies, energy producers and tangible assets while warning that a prolonged conflict could reshape......
The International Monetary Fund (IMF) reported on Friday that its staff held discussions with Gabonese authorities regarding the country’s macroeconomic situation and policy priorities, as well as strategies to advance national growth initiatives. During the meetings in Libreville, both parties......
Global oil markets experienced a sharp surge this week, with prices climbing nearly 30%, marking levels unseen since 2023. The escalation of conflict in the Middle East has disrupted key supply routes from the Gulf, fueling uncertainty in energy markets. Brent crude, the international benchmark, closed......
The number of foreign self-employed workers in Spain has surpassed a historic milestone, exceeding 500,000 registered contributors to the national Spanish Social Security System for the first time. According to figures released by the Ministry of Labour and Social Economy of Spain, the country currently......
Global oil markets could experience a sharp rise in prices if geopolitical tensions in the Middle East persist, according to a recent assessment by analysts at Barclays. The British bank warned that the benchmark crude price Brent Crude could potentially climb to around $120 per barrel if the current......
European Trade Commissioner Maros Sefcovic said the United States has assured the European Union it will respect the terms of the Turnberry trade agreement, despite new tariff measures that risk undermining the deal’s central provision of a 15 percent tariff ceiling. Speaking in Toronto on Thursday,......
Venezuela’s monthly inflation rate fell to 14.6 % in February, official figures show, down sharply from a 32.6 % increase recorded in January, according to the country’s central bank. While the monthly rate moderated, annualized inflation remains extremely high. Based on the central......
China’s top economic planning body has announced plans to curb excess production capacity in major heavy industries, including steel and oil refining, as the country continues to struggle with persistent overproduction across key commodity sectors. The National Development and Reform Commission......
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