Economy



China zero-tariff policy boosts Morocco trade at Casablanca expo

Trade between China and Morocco is entering a new phase as both countries prepare to deepen economic cooperation under a widening network of industrial and commercial exchanges. A major China-Africa economic and trade exhibition is scheduled to take place in Casablanca from June 10 to June 12, bringing......

Asian markets rebound after Israel Iran ceasefire agreement

Asian equity markets advanced after Israel and Iran announced a halt to direct military strikes, easing fears that had driven volatility across global financial systems. The de-escalation offered investors a temporary relief from energy supply risks and geopolitical uncertainty that had weighed on sentiment......

SpaceX ipo sparks global rush across investment markets

SpaceX is preparing for a public listing that has triggered a broad surge in investor activity across global markets. The company is expected to begin trading on the Nasdaq on June 12 under the ticker symbol SPCX, with a valuation and structure that position it among the largest listings in the aerospace......

Xpeng enters Morocco completes North Africa EV push

Xpeng has officially expanded into Morocco, marking a new stage in its North African growth strategy. The Chinese electric vehicle manufacturer opened its first showroom on 1 April at Casablanca Finance City, positioning itself in one of the country’s main financial and commercial hubs. The move......

Goldman Sachs warns of sharp global oil demand decline

Goldman Sachs has warned that global oil demand fell more sharply than previously expected, citing an estimated reduction of 4 to 5 million barrels per day in April. The decline is linked in part to disruptions in maritime flows through the Strait of Hormuz, which temporarily reduced global consumption......

Africa pushes for greater influence in shaping its future

African leaders, policymakers, and development experts are increasingly advocating a model of growth that places African priorities at the center of international decision-making. Discussions at the Paris Peace Forum Spring Meetings in Rabat focused on how the continent can respond to geopolitical tensions,......

Greek Shipping Magnate proposes Iranian transit fee for Hormuz

Evangelos Marinakis told shipping executives that paying Iran a transit fee of 100,000 to 200,000 dollars per vessel would be preferable to a prolonged closure of the Strait of Hormuz. He delivered the remarks at an industry forum in Athens held during a major maritime gathering. He argued that a predictable......

Morocco automotive sales surpass 104,000 vehicles in five months

The Moroccan automotive market continued its upward trajectory in May 2026, confirming sustained demand across both private and commercial segments. A total of 23,037 new vehicles were sold during the month, marking a 2.8 percent increase compared with the same period in 2025. Over the first five months......

Russia claims gold production reaching 500 tonnes, surpassing China

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,......

Gold overtakes US Treasuries as top global reserve asset

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%......

South Korea overtakes India to become sixth-largest stock market

South Korea has overtaken India to become the world’s sixth-largest equity market by total market capitalization, marking a rapid shift in global financial rankings driven by the artificial intelligence boom and surging demand for semiconductor technologies. The combined market value of listed......

OECD data shows China state subsidies far exceed rivals

China’s industrial firms receive significantly higher state support than their global competitors, according to a new OECD database covering 15 key manufacturing sectors over the period from 2005 to 2024. The analysis tracks 525 of the world’s largest manufacturing groups and finds that Chinese......

BYD ends eight-month sales slump on record international exports

BYD ended its longest sales decline streak in May, with global vehicle deliveries rising 0.3% year-on-year to 383,453 units, according to a stock exchange filing. The modest gain, driven almost entirely by surging international demand, marks the first year-on-year growth posted by the world's largest......

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