Economy



Gulf states raise oil output as Iran tensions escalate

Major Gulf producers increased oil exports ahead of U.S. and Israeli strikes on Iran, seeking to stabilize global markets in case of supply disruptions. Abu Dhabi National Oil Company (ADNOC) released additional volumes of Murban crude for April delivery, which lowered the grade’s spot premiums......

Middle East crude shipments push oil tanker rates to six-year high amid U.S.-Iran tensions

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......

Arab region struggles to unlock women’s financial potential

A new United Nations report has highlighted persistent barriers preventing women in Morocco and across the Arab region from fully participating in the financial system, warning that limited access to banking and digital services continues to restrain economic growth. In its study titled Unlocking women’s......

Dollar sentiment hits 14 year low as BRICS advance payment network

Investor sentiment toward the US dollar has fallen to its most bearish level in more than 14 years as the BRICS bloc steps up efforts to develop a cross border payment system aimed at reducing reliance on dollar dominated financial channels. The initiative builds on Brazil’s instant payment platform......

Arab oil and gas reserves cement region’s global energy influence

The Arab world holds some of the largest proven oil and natural gas reserves on the planet, reinforcing its central role in global energy security and international commodity markets. Recent data drawn from leading industry sources, including OPEC, BP Statistical Review and the US Energy Information......

German chancellor Merz tours Gulf to diversify from US LNG dependence

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......

Arab gasoline prices show wide disparities in February 2026

Gasoline prices across Arab countries in February 2026 displayed significant variations, with Jordan leading the region in highest fuel costs at $1.460 per liter, followed closely by Morocco at $1.324 per liter. Countries such as Syria and Tunisia recorded prices near $0.90 per liter, reflecting moderate......

Binance faces $6 billion weekly outflows as traders shift assets

The world's largest cryptocurrency exchange, Binance, recorded its biggest weekly asset withdrawal since November 10, with over $6 billion exiting the platform in the week starting January 19, 2026. On-chain data tracked by CryptoQuant shows outflows across multiple blockchains and asset types: Bitcoin......

Android dominates Arab smartphone markets amid economic divides

Recent data highlights Android's continued dominance over iPhone in smartphone markets across Arab countries, with notable variations between nations. In conflict-affected areas, Android's market share exceeds 90 percent, while affluent Gulf states exhibit stronger iPhone adoption. This divergence......

China-led digital currency network hits $55 billion in transactions

The China-led mBridge digital currency platform has processed over $55 billion in cross-border transactions, according to a fresh Atlantic Council report. This marks a 2,500-fold increase in volume since the project's 2022 launch, highlighting surging momentum for alternatives to dollar-dependent......

Morocco attracts major British group to support strategic industries

The British company PowerForce Global, specialized in industrial maintenance solutions and human resources management in the energy sector, has officially launched its operations in Morocco as part of its expansion strategy in North Africa. According to reports by The Telegraph, the move reflects growing......

Yuan strengthens as China advances digital currency expansion

The Chinese yuan exceeded the key threshold of 7 per dollar for the first time since September 2024, signaling renewed confidence in the nation’s currency strategy. The offshore yuan reached 6.9985 against the U.S. dollar on Thursday after the People’s Bank of China (PBOC) set its daily midpoint......

Morocco ranks 58th in global crypto adoption, with strong usage but weak regulation

Morocco has been ranked 58th in the 2025 World Crypto Rankings, a comprehensive assessment by Bybit and DL Research that evaluates crypto adoption across 79 countries. The study uses 28 indicators and 92 data points to analyze four key areas: user penetration, transactional use, institutional readiness,......

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