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Economy


Productive call between US and China on trade deal

The President shared that he recently held a constructive phone conversation with President Xi of China, focusing on the recently finalized trade agreement. The discussion lasted about an hour and a half and concluded positively for both nations. The conversation addressed the complexities surrounding......

Morocco becomes a major buyer of Russian wheat as Moscow deepens its foothold in Africa

Morocco has rapidly emerged as one of the leading markets for Russian wheat exports in recent years, joining other growing destinations such as Nigeria, Kenya, Libya, Tunisia, and Tanzania. Dmitry Sergeyev, chairman of the Russian Union of Grain Exporters and Producers, highlighted this trend in an interview......

G7 seeks unity beyond tariffs in Canada meeting

Finance leaders from the G7 nations will convene this week in Banff, Alberta, aiming to project unity on issues that go beyond U.S. President Donald Trump's recent tariff hikes. Their agenda includes economic security, support for Ukraine, collaboration on artificial intelligence, and backing for......

Morocco and Russia strengthen halal trade ties through new agreements

Morocco and Russia are forging stronger connections in the halal industry via new certification agreements, signaling a significant step in their bilateral trade relations. Tatarstan’s Committee for Halal Standards, part of the Spiritual Administration of Muslims, is seeking accreditation in Morocco......

Oil prices drop following unexpected OPEC+ output increase

Oil prices dropped sharply after key OPEC+ members, including Saudi Arabia and Russia, announced an increase in production of 411,000 barrels per day for June. This follows a similar decision the previous month that had already triggered a decline in prices. The price of Brent crude dipped nearly four......

Trump Escalates Global Trade War With Sweeping Tariffs

U.S. President Donald Trump intensified a global trade dispute by imposing broad tariffs on imports from both allies and adversaries, disrupting financial markets and challenging long-standing free trade principles. The European Union and China quickly announced retaliatory measures, while Australian......

Russia pursues renewal of fisheries agreement with Morocco

Russia is currently in discussions to renew its maritime fishing agreement with Morocco, which lapsed last December after four years of cooperation. Moscow aims to reinstate its fishing fleet's operations off the Moroccan coast, focusing on species such as sardines, sardinella, mackerel, and anchovies. Ilya......

Russian Investments in Morocco: A New Boost for Economic Cooperation

Economic relations between Morocco and Russia have witnessed significant progress in recent years, marked by increasing Russian investments in Morocco’s agricultural sector. This expansion signals a new phase in the strategic partnership between the two nations. However, cooperation between Morocco......

Morocco's growing dependence on vegetable oil imports

Morocco has significantly increased its imports of vegetable oils, particularly sunflower oil, in recent years. This shift in consumption patterns is largely driven by inflation and changing consumer preferences. According to a report from the Russian Federal Center for the Development of Agricultural......

Trump aims to shift Asia’s energy landscape with U.S. LNG

During a recent meeting between President Donald Trump and Japanese Prime Minister Shigeru Ishiba, the two leaders discussed the potential of a decades-old proposal to transport natural gas from Alaska to U.S. allies in Asia. Trump, alongside energy advisor Doug Burgum, presented the idea as a solution......

The surge in gold prices amid Trump's tariff decisions

In recent weeks, the global economy has felt the ripple effects of U.S. President Donald Trump’s tariffs, some of which have been implemented, while others remain in the threat stage. These tariffs have caused instability in global markets and weakened various currencies, but one significant exception......

Moroccan orange exports surge: Record-breaking success in US market

Morocco's citrus industry has achieved remarkable success in 2024, establishing itself as a key orange supplier to the United States and European markets. After facing significant challenges in 2023, the country's orange exports have reached unprecedented levels. According to East Fruit analytics,......

Global natural gas consumption hits record in 2024

Global natural gas consumption reached a historic high in 2024, according to the International Energy Agency (IEA), which anticipates a "tight" market in 2025. The world consumed 115 billion cubic meters more natural gas than in 2023, a 2.8% increase, well above the average growth rate of 2%......

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