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Economy



Oil prices surge toward biggest weekly gain since June

Oil prices have soared to their highest weekly increase in nearly five months, driven by fresh sanctions from the United States and the European Union against Russia's largest oil companies. The measures have sparked fears of supply disruptions, pushing crude futures up by over 5% on Thursday. Brent......

Belgium blocks €140 billion EU loan for Ukraine over frozen Russian assets

Belgium has unilaterally blocked a proposed €140 billion European Union loan for Ukraine, guaranteed by frozen Russian central bank assets. The move, led by Belgian Prime Minister Bart De Wever, has forced EU leaders to postpone a final decision until December, jeopardizing Ukraine’s urgent......

US announces sweeping sanctions against Russia's 2 largest oil firms

The United States has launched its most comprehensive economic measures against Russia, targeting its two largest oil companies, Rosneft and Lukoil, as efforts to resolve the war in Ukraine remain stagnant. The sanctions, announced by Treasury Secretary Scott Bessent on October 21, 2025, represent a......

Morocco and Russia renew fisheries cooperation with strategic maritime agreement

Morocco and Russia have strengthened their long-standing partnership through a new maritime fisheries cooperation agreement, replacing the previous deal that expired in 2024. The accord reinforces bilateral ties while supporting sustainable fishing practices in Moroccan waters. The agreement was signed......

Moscow-Morocco trade surges 73% as Russian exporters target North Africa

Trade between Moscow and Morocco has surged by 73% in the first half of 2025 compared to the same period last year, reflecting a major expansion of Russian economic activities in North Africa. Anatoly Garbuzov, Minister of the Moscow City Government and Head of the Department of Investment and Industrial......

India strengthens ties with China as U.S. relations falter under Trump

India-China relations thaw amid border discussions India and China are witnessing a notable warming of ties as U.S.-India relations face growing strain under President Donald Trump. Chinese Foreign Minister Wang Yi is visiting New Delhi for the first time in over three years to meet with National Security......

Aramco’s net profit drops by 22% in Q2 due to oil price slump

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,......

Brics nations advance de-dollarization, reshaping global financial order

A growing movement among Brics nations to reduce reliance on the US dollar in global trade is challenging longstanding American financial dominance. By adopting local currencies for international transactions, the alliance of emerging economies is reshaping the global financial landscape and provoking......

Morocco and Russia enhance civil aviation and road transport cooperation

Morocco and Russia held discussions focused on expanding collaboration in civil aviation and road transportation during the Global Transport Connectivity Forum in Istanbul. Moroccan Transport and Logistics Minister Abdessamad Kayouh met with Russian Deputy Transport Minister Dmitry Zverev to explore......

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......

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